FOEX: NBSK down by $2.09
Mar 31, 2009. Pulp prices are falling further in Europe. FOEX pulp index fell this week, and pulp producers continue to curtail production. Softwood pulp prices have gone down with around $10 per ton during March. FOEX index for Nordic bleached softwood kraft pulp, NBSK, dropped this week to $577.09 per ton, down $2.09 from previous week.
Mar 31, 2009. /Lesprom Network/. Pulp prices are falling further in Europe. FOEX pulp index fell this week, and pulp producers continue to curtail production, as Papernet informed Lesprom Network.
To bring pulp supply and demand back in balance, several pulp producers continue with production curtailments. Södra Cell has halted its two Norwegian pulp mills for two months, Stora Enso stops its Enocell mill in Finland for 9 months, and Metsä Botnia reduces its production in Finland, following the closure of the Kaskinen pulp mill.
Softwood pulp prices have gone down with around $10 per ton during March. FOEX index for Nordic bleached softwood kraft pulp, NBSK, dropped this week to $577.09 per ton, down $2.09 from previous week. The price rise during the previous two weeks is eroded, and the decrease came as manuifacturers tried to adjust their NBSK prices to $590 per ton.
However, several pulp suppliers say that the market is reaching the bottom, and that there is a good chance of turning the situation around during the 2Q.