In the fourth week of January, a pulp manufacturer gave his European customers notification of price cuts for NBSK pulp. He said that this move was attributable to the continued weakening of the Euro against the US dollar.
The reduced prices will be valid from 1 February.
The company decreasing prices attached importance to the fact that this reduction was not attributable to the current state of supply and demand, which remained very well-balanced, but to the erosion in the euro exchange rate and the ensuing extreme rise in cost for European customers.
At the end of week 4 no other NBSK supplier had commented on whether they intend to follow suit with this plan.