Canfor Pulp lower pulp price

July 23, 2010 by timbercommunity

Canadian company Canfor Pulp informed North American customers that it will drop northern bleached softwood kraft (NBSK) pulp prices. Canfor reduced price by US$30 to US$990 per ton, effective August 1, citing a fall in pulp consumption from China and Asia coupled with a typical seasonal slowdown during the summer months. "We have mixed signals...there is recent downward pressure on pricing primarily coming from China, and we expect to settle down US$50 to US$840 per ton in Asia in July," said Chief Executive Joe Nemeth to Reuters.

 
Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with operations in BC, Alberta, Quebec, Washington state, and North and South Carolina. The Company produces primarily softwood lumber and also produces oriented strand board (OSB), remanufactured lumber products and specialized wood products. Canfor Shares are traded on the Toronto Stock Exchange under the symbol CFP. The main operating company is Canadian Forest Products Ltd., from which the name Canfor is derived.
 
Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper.