FOEX: Latest PIX Index Values with comments – March 22, 2011

Market Comments

US NBSKP – The North American pulp markets have stayed well balanced in spite of the weak preliminary domestic paper and board data for the first two months of the year. The current effort to raise NBSK prices in USA, typically to 990 USD/ton has continued. Also new price initiatives for both softwood and hardwood pulp prices have been announced for the US market for April. Our PIX NBSKP US index dropped slightly by 1.77 USD, or by 0.18%, and closed at 984.36 USD/ton….

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Tuesdays 4 pm	22.3.2011	Δ prev. week in currency	Δ beg. 2011 in currency
PIX US NBSK	USD 984.36	-1.77	+17.25
PIX US Newsprint	USD 626.92	0.00	+1.32
PIX US Newsprint 27.65lb	USD 669.73	0.00	+0.43

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Tuesdays 9:00 am	22.3.2011	Δ prev. week in currency	Δ beg. 2011 in currency
Pulp China BHKP	USD 745.90	+1.95	+3.04
Pulp China BHKP	RMB 4899.98	+8.86	-4.61

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Tuesdays 12:00 am	15.3.2011	Δ prev. week in currency	Δ beg. 2011 in currency
Pellet Nordic EUR/MWh CIF	EUR 30.41	+1.39	+0.98
Pellet Nordic SEK/MWh CIF	SEK 267.25	+8.62	+0.73

Market Commentstoggle

Mar 22, 2011

US NBSKP – The North American pulp markets have stayed well balanced in spite of the weak preliminary domestic paper and board data for the first two months of the year. The current effort to raise NBSK prices in USA, typically to 990 USD/ton has continued. Also new price initiatives for both softwood and hardwood pulp prices have been announced for the US market for April. Our PIX NBSKP US index dropped slightly by 1.77 USD, or by 0.18%, and closed at 984.36 USD/ton.