SAN FRANCISCO, March 17, 2023-

North American pulp markets continued to weaken through the first half of March, with demand for incremental tonnage dissipating amid slow operating rates at paper mills and downwards pricing pressure without signs of a seasonal bounce. Supplies have not tightened despite curtailments at northern bleached softwood kraft (NBSK) pulp mills and an upcoming permanent closure in British Columbia, but it likely prevented a collapse, sources said.

Benchmark NBSK preliminary March effective list prices declined to $1,650-1,655/tonne, dropping $20-25/tonne, according to the Fastmarkets PPI Pulp & Paper Week mid-month survey.

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