Pulp substitutes prices rise in Asia but brown grades falter
SINGAPORE, Sept. 14, 2009 (RISI) -Strong demand for market pulp and its limited availability in Asia have pulled up prices for US pulp substitutes in China and Southeast Asia. However, brown grades have dropped as Chinese producers shied away from placing orders.
Demand for white grades has increased as Chinese buyers continue to guzzle available pulp tonnage. Sorted white ledger has increased $15-25/tonne and hard white shavings have climbed $10-20/tonne.
By contrast, China has slashed orders for brown grades, with downtime reported at some big containerboard facilities.
As a result, US old corrugated containers have dropped $20-30/tonne and new double-lined kraft clippings by ...