Producers Hike China Pulp Prices

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In China, according to Mark WIlde of Deutsche Bank, resale pulp prices have reportedly bounced off the bottom. Both Brazil-based Arauco and Russia-based Ilim have announced September hikes on softwood pulp going into China.

Ilim is raising NBSK (northern bleached softwood kraft) pulp prices by $30/metric ton, while Arauco is boosting radiate pine pulp by $10/metric ton. The hikes would set Chinese softwood prices in the $600 - $620/metric ton range, Wilde reports.