AN VIET PHAT PAPER
AN VIET PHAT PAPER

Pricing Rationale NBSK CIF China

  • 09/05/2022
  • SINGAPORE, 6 May 2022 (Fastmarkets RISI) - The Shanghai Futures Exchange closed last Saturday for five days for China’s Labor Day holiday, and physical trading of pulp imports has come to a halt over the past week.

    BSK futures for the most tradable September contract saw an increase of RMB 86/tonne on Thursday when the bourse resumed operations, settling at RMB 7,324/ tonne, which is equivalent to $964/ tonne after deducting 13% VAT and RMB 120/ tonne logistics costs.

    Weak fundamental demand for pulp imports amid the country’s ongoing lockdowns has led to customers seeking volumes sold by investors when BSK futures swung to low points.

    NBSK prices have been intact over the past week, with Canadian and Nordic NBSK standing at $990-1,030/tonne and $980-1,030/ tonne, respectively and the mid-point for the grade held at $1,008/ tonne.

    From Fastmarket RISI

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