Market pricing for pulp has remained strong. NBSK (bell weather grade for Pulp) export hikes to Europe appear to have gone through; prices leveled out at $720/mton-$730/mton. Hardwood and Softwood inventories dropped to their
lowest levels since June last month spurring some hardwood producers to announce hikes. New supply may In Chile, Arauco's Nueva Aldea started up last month and CMPC is expected to ramp up its Santa Fee equipment in November. Terrace Bay Pulp started up its 350k/mtpy NBSK line in Ontario and may restart a smaller (125k tpy) line. With
current pulp prices, we suspect that other Canadian mills may be looking at restarts.
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