Pulp prices are still showing signs of weakness after they started to fall in November. First contracts showed reduced prices for December.
The pulp industry has long flown high on the strength of domestic markets in key European countries, the economic boom in the USA and surging exports to China. Now, receding demand for graphic paper since the third quarter of 2018, the marked downturn in the Chinese paper and board market as well as weaker macroeconomic data from all major global regions are making an impact.
Pulp prices fell in November for the first time in Europe and the trend continued in December. Not all price talks for the final month of the year were finalised at the beginning of January, but it is expected that prices will fall again.
This article is an excerpt from EUWID's monthly report on the pulp market.
Find the entire report in EUWID Pulp and Paper issue no 02/2019, which will be available to our e-paper and print subscribers as of 9 January.