The downslide in pulp prices has come to a halt. Suppliers and converters agreed relatively quickly on unchanged prices for both softwood und hardwood pulp in November.
After softwood pulp prices on the European market stabilised for the first time in October after several months, hardwood pulp prices followed suit in November. The price level for the two benchmark grades in November has remained unchanged month-on-month. Pulp producers and converters expect prices to remain stable for the rest of the year either.
However, market conditions do not clearly indicate stable prices, according to market insiders. Even producers were occasionally taken by surprise at the outcome of recent negotiations, especially in the case of eucalyptus pulp. BEK pulp inventories are reportedly still high at European ports.
This article is an excerpt from EUWID's monthly report on the pulp market.
Find the EUWID Price Watch Pulp for November in EUWID Pulp and Paper issue no 50/2019, which will be available to our e-paper and print subscribers as of 11 December.