Pulp prices in Europe erode further in February on slack demand and plentiful stocks
BRUSSELS, March 16, 2023-
After declines in January, prices for both the benchmark pulp grades slid further in February as demand remained soft while stock levels increased. Paper markets continued to struggle last month, sources said, with some reporting a worse situation than January in terms of order books, while others said they had seen signs of mild improvement. Either way, contacts reported a fragile market, with papermakers taking continued commercial downtime, further weighing on pulp demand.
While last month’s Finnish port strike initially raised some concerns about pulp supplies, contacts said that the relatively short duration of the industrial action, which was resolved within two weeks, meant there was no real effect on market dynamics.
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