Pulp Market Continues to Slide

The pulp prices are declining and producer inventories are increasing and global demand is weak. Chinese demand, which had been strong, is now all but gone. Pulp prices for both list price and spot price have fallen by $50-70/Ton and October is not forecasted for any improvement. Producers will now reduce supply in an attempt to correct for market conditions. We think the winter will not be kind to the pulp industry (note, Canada and Finland are the two big players).