LOWER PRICES IN CHINA ANNOUNCES RISI

July 8, 2011 by timbercommunity

The prices of wood pulp imported into China is slowing down, despite the sellers attempt to maintain the levels reached after the recent rises in the March reportS RISI/PPI Asia.

Price declines, described as "dramatic", applies to both softwood kraft pulp by NBSK type of short-grain hardwood pulp. Depending on quality prices have dropped between 5 and 10 percent since last spring. The Chinese price drop is larger than the European and North American markets, but even there, the sellers recently encountered difficulties.

last official price increase in NBSK pulp in Europe to $ 1,040 per tonne failed Both Södra and Billerud has been forced back from $ 1,040 per tonne to $ 1,025, which is on par with last summer's record levels. While North American producers have been reported to accept cuts, to $ 1,020 per ton for U.S. customers.