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Market Pulp Report January 2007
written by Dries van Wing, Canfor Europe |
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Dear Reader,
Please find attached our January 2007 Report.
Due to holidays till March 5th, there will be most likely no Febuary report.
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Summary
The year 2006 can be characterized as a year where all pulp producers produced as much softwood as they could, saw their inventories drop whilst pulp converters ate deep into their softwood buffer stocks. Softwood remains tight. Hardwood producers showed restraint while buyers de-stocked, hoping for overproduction and collapsing prices.
In the latter part of 2006, at budgeting time, most forecasted a slowing (or worse) economy in 2007. Market forces have decided otherwise (so far). Many have to revise or reverse their positions now paper demand is stronger than expected and pulp inventories are too low.
Suprise, suprise! |
Full report (sorry, members only)
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