Although demand is strong, pulp prices have now stabilised in Europe. Price developments in China and North America have impacted the market.
Price negotiations on the European pulp market in July were influenced by worries about securing supplies as incoming orders from the packaging and graphic paper industries remained strong. Pulp stocks held in European ports recently reached an absolute low.
Thanks to the prevailing conditions on the market, pulp suppliers were able to keep prices stable in Europe despite the considerable price drop in China. The market survey found there was no additional price step, which would have completed the rest of the adjustment originally targeted in June. "If you just look at Europe, that would have been no problem," said one EUWID respondent, but the downward price trend in both China and North America put paid to the producers' plans.
This article is an excerpt from EUWID's report on the European pulp market.
Find the EUWID Price Watch Pulp for July in EUWID Pulp and Paper issue no 32/2021, which will be available to our e-paper and print subscribers as of 11 August.