Friday, September 6, 2013

More Mills Announce Pulp Price Hike for Europe

West Fraser informed European customers that its northern bleached softwood kraft (NBSK) market pulp prices would increase $20/tonne, effective with September orders, industry contacts said.
West Fraser's $20/tonne increase would bring its price to $880/tonne in Europe. That's the same list price several competitors previously announced.
Metsä Fibre - the first producer to announce a European price increase on Aug. 22 - as well as Canfor Pulp, Mercer International, Sodra, and Stora Enso each separately announced $880/tonne list levels on NBSK.
The European hike from West Fraser came after it previously announced a $20/tonne increase across Asia that was effective Sept. 1. 
Stora Enso on Aug. 29 started to inform customers in Europe of a price adjustment on northern bleached softwood kraft (NBSK) pulp to be effective in September, RISI has learned.
The new price for NBSK is $880/tonne, according to Stora Enso, and it is motivated by healthy demand seen in the region in the last months.