High costs and high prices in second quarter
Wood fiber costs for the global pulp industry have trended upward for over two years, Wood Resource Quarterly reports. The Softwood Fiber Price Index (SFPI) reached109.52 Dollars in the second quarter, a 3.7 percent increase from the previous quarter. In local currencies, fiber prices increased the most in the US Northwest, Western Canada, Russia and Finland.The weakening US Dollar against most global currencies resulted in higher fiber prices in all regions covered by the World Resource Quarterly. The Hardwood Fiber Price Index (HFPI) reached a new all-time-high in the second quarter at 116.44 Dollars, which was 5.5 percent higher than the first quarter of the year and almost 27 percent higher than in early 2009. Recently, hardwood prices have increased the most in Indonesia, Finland, Russia and Brazil.Global pulp markets continued to be surprisingly strong in the second quarter, setting record high prices for most market pulp grades, Woos Resource Quarterly reports. The NBSK pulp prices ranged between 1,010 Dollars per ton and 1,040 Dollars both in Europe and in North America. Prices in China were around 850- 930 Dollars ton.The global production of market pulp was up as much as eight percent during the first five months of this year compared to 2010. The highest increase occurred in Latin America; the gain in Europe was somewhat smaller.