NBSK market pulp prices fell $45-50/ton to $795/ton in November. The list price is now down $90/ton since peaking in August. Even so, the gap with spot prices has widened significantly. Spot prices are reportedly $550/ton in the US and $500/ton & below in China.
Demand has been off sharply over the past 3-4 months - especially in Asia. As a result, producer stocks have piled up - rising to 44 days of supply from 29 days a year earlier.
Friday, December 05, 2008
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