The market is witnessing what nobody expected to see before the end of the year: prices of northern bleached softwood kraft (NBSK) pulp are yielding in Europe.
Converters as well as some suppliers report signing contracts in November at lower prices than the month before. However, these cuts were not yet seen across the market. Several producers report having defended the existing price in November and will grant discounts only in December.
The price trend for eucalyptus pulp also turned around in November. In many contracts, prices were reduced, while several deals were still transacted at unchanged prices.