COVERAGE NOTE: Proposed Changes to European Pulp Price Coverage – Final Decision
BRUSSELS, Jan. 10, 2019 ( PPI Europe ) – Following market consultation, RISI would like to confirm its plan to make the following changes to European pulp price coverage with effect from the New Year.
1) Tie European fluff pulp prices formally to the US fluff pulp price assessment published in PPI Pulp & Paper Week (Price ID 171)
2) Discontinue price assessments for bleached chemi-thermomechanical pulp, aspen (Price ID 606).
We believe this would better reflect market dynamics. When RISI launched assessments for European pulp in 2002 there was a significant difference in pricing between European and US fluff pulp. Over time, however, the market has consolidated and prices in the two regions are generally at parity.
Due to the relatively small size of the European market for bleached chemi-thermomechanical pulp and paucity of market information, it is difficult to maintain reasonable assessments for this grade. In addition, the grade generally trades as a differential to BEK.
RISI launched a market consultation on the proposal on Nov. 20, 2018. No negative feedback was received.
For comments or queries, please email email@example.com, mentioning “European pulp” in the subject line of the email.
For more information on RISI’s methodology for Global pulp markets, please see here.
For other RISI coverage notes please see here.