Consistent with the Coy Paper recent releases, the global pulp market remains tight and the major producers have announced $50/MT increase for April. The real story is spot prices in the USA have increased sharply, with spot NBSK up $20/MT to almost $850/MT. Manufacturers in Chile are bringing to restart capacity, this will provide some relief to supply (and pricing) pressure.
World inventories are low, demand appears increased, and spring is generally the time most mills conduct maintenance; accordingly, do not look for much relief, short term.
Pricing recap
$50/MT for April; NBSK to $960/MT for North America
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Any comments on 2010 price forecasts for balance of year on pulp?
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