World pulp inventories rose in October to 47 days – up from 44 in September and up 19 days from 2007 levels. Compare to October 2007, shipments fell 9.5% to 3.2million tons. The operating rate fell to 83%.
China alone demanded 24% less tons (demand for October was only 306,000tons).
Obviously, as demand for paper declines, all the raw materials to produce paper also experience
a slow down in demand.
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