Pulp Markets bottoming Out?

NBSK prices appear to have bottomed. USA NBSK list price decline slowed to a discount reduction of "only" $10-20/ton, with list price for April at $630-640/ton. US market pulp spot prices remained flat across all the four grades (USA NBSK spot remained at $470-500/ton). The first quarter brought extensive downtime and mill closures, and decline in global inventories (43 days of supply). Some even suggest that offshore prices are already rising.