International pulp prices continued to fall. This week, the European market FOEX price NBSK closed at US$914.08/ton, the North American market stayed at US$950.00/ton, and the Chinese market was US$762.71/ton. As paper consumption continues to fall and pulp demand continues to decrease, major producers in the US market have announced plans to reduce prices in November, and NBSKP will drop by US$30/ton. Affected by the economic recession in Europe and the United States in the short term, the demand for pulp remains low.
      U.S. NBSK: Comparing paper shipments with market pulp demand, it was found that the latter showed a surprisingly positive impact. Pulp deliveries to North America in September this year increased by 7 compared to September last year. %. Such a positive result has not changed the downward pressure on pulp prices. The decrease in fluff pulp demand has increased the supply of southern pulp. For NBSKP, the price gap is larger than the average. Several major manufacturers have announced plans to reduce prices in November, and NBSKP will drop by US$30/ton.
      European NBSK: All in all, compared to paper consumption data, pulp shipments are still positive data. Although the output of printing and writing paper has declined significantly in industrialized countries, pulp shipments have increased by nearly 5% in the first September, according to data from the Pulp and Paper Products Council. Including the shipment volume data of non-pulp and paper products governing countries, the growth rate is still increasing. There are several reasons for this seemingly controversial result: In countries where emerging economies also limit fiber resources, paper production has increased; packaging paper and household paper have increased; under certain circumstances, port pulp stocks have increased. Shipments in September represent 100% of production capacity, but in terms of prices, the market continues to decline, especially in Europe. As consumer inventories increase, port inventories also increase.
      European BHKP: The BHKP shipment data of the Pulp and Paper Products Council member states in September is higher than that of BSKP, although the gap is small. Shipments to Europe have better data, especially in Eastern Europe, where shipments to Europe exceed the total shipments. The ratio of delivery to cargo capacity dropped to less than 110%. Producers' pulp inventories fell for 6 days. Rising port inventory risks and consumer inventories have also increased, especially in Europe, where final consumption did not increase as much as BHKP shipments.
      China BHKP: According to customs data, the increase in pulp imports to the Chinese market is less than the volume of pulp and paper products shipped to China from the member countries of the Pulp and Paper Products Council. In fact, the Pulp and Paper Products Council member countries’ deliveries in September increased by 21% month-on-month compared to August. Customs data showed that imports fell by 2.5% in September, partly due to the National Day holiday. Prices continue to fall. Some pulp buyers buy pulp from small customers at a low price of less than US$600/ton, while resisting the high prices of long-term suppliers.
      China NBSK: Also in BSKP, the increase in small spot suppliers has caused the pulp price to continue to decline. Yilim Pulp Company announced that their BSKP price has been reduced by US$80/ton. In at least part of the situation, the spot supply of Western softwood pulp is below US$700/ton. Although the price gap between softwood pulp and hardwood pulp is very large, according to customs data, BSKP's September import data is lower than the average level in 2011. However, in the first 9 months, the total import volume of BSKP increased by more than 50%. The increase in leaf pulp is only 10%.