DB Research Paper
Pulp appears to have reached a near-term top and prices are under modest pressure in some regional markets. The trade papers have yet to reflect this easing. The July price hike initiative on NBSK achieved only partial success, with the list price increasing by $10/mton to $890/mton. Other grades showing higher prices: SBSK (+$10 to $850), SBHK (+$15 to $820), and fluff (+$15 to $915). Trade reports suggest that the softwood market in Europe remains still over-supplied. In the European market, NBSK slipped by $5/mton to $895/mton. CTMP and hardwood prices have reportedly slipped in Asia.
How much could prices ease? With the US$ and costs rising, we think it won't take much of a price decline to trigger more capacity closures in CN & Europe.
About the Author
- P. Scott Vallely
- Mr. Vallely's career includes over thirty years as an operating executive in the paper, distribution, and e-commerce industries. After selling his last enterprise, Paper.com LLC, he decided to exit the paper market for one that is more dynamic (and fun!). He is now focused on his most recent venture, the Charter Oak Brewing Company. His role at Charter Oak Brewing Company will focus on creating brews, developing markets, and selling beer. He will manage the operations and provide overall direction and strategy. This microbrewery will market four flagships, handcrafted brands and also four seasonal more complex, robust, and higher alcohol brands. Vallely has been a home brewer for nearly 30 years and has always had a passion and commitment to brewing only the finest beer and strives to make our beers visible and available to all beer drinkers. Company. Contact Mr. Vallely at http://charteroakbrewing.com/
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