World wide stocks of softwood and hardwood are unusually low in Nov.2009 causing some mills to hike prices or reduce supply. January 2010 will see more pulp price hikes.
World wide shipments to China remain strong . In fact on year to year comparison, shipments in tonnage to China is more than 25% higher in 2009.
There are some who believe that China will slow down on import purchases , as the increasing higher prices are deterring Chinese buyers to keep high stocks. Then also the local Chinese mills are dropping prices. Another reason is that the Chinese are worried that soon "what goes up must come down."
Monday, January 11, 2010
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