Paper Industry Updates – July 2020
July 2020
Pulp Capacity & Price Changes
- Global chemical market pulp producer inventories increased by three day-of-supply in Jun ‘20, to 46 days overall; BSK increased four days to 42 days of stock, while BHK maintain at 49 (PPPC, Jul 2020)
- In China, several dominant Chinese paper and board (P&B) producers and traders are set to take concerted action to prevent pulp prices from falling further. A critical step is to snap up the entire Q3 volume of hardwood at the fixed prices proposed by major Brazilian producers. They hope to keep the positive momentum alive until Q4 when the Chinese P&B market enters its peak period. (RISI, Jul 2020)