Wood Resources International (WRI) reported that wood raw-material costs fell for most pulp manufacturers throughout the world in the 2Q 2020, which reduced WRI’s two fiber price indices for the fifth consecutive quarter. The Hardwood Fiber Price Index (HFPI) dropped to its lowest level since 2004.
The world’s two largest purchasers of wood chips, China and Japan, drastically reduced their chip importation in the 2Q 2020, as the COVID-19 epidemic took its toll on pulp and paper consumption in the two countries.
