Suppliers reduce or withdraw pulp price hikes as Chinese P&B market slumps

摘要

Last month's move by a handful of major suppliers forcing through price rises for Chinese pulp imports, especially a hike of $30/tonne for bleached hardwood kraft (BHK) pulp, has riled up the market in China. Prior to the country's five-day Labor Day holiday that ended on May 5, dominant sellers were seeking a $30/ tonne BHK increase and a $20/ tonne bleached softwood kraft (BSK) pulp hike, despite buyers' growing concerns over a COVID-19-induced slump (No. 16, p.3).