2017-03-03 1
Global Market Pulp StatisticsBleached Kraft Pulp
January Data 2017
2015-03-24 2
Bleached Softwood Kraft Market PulpThe statistics includes 92% of the global supply. Included are: Canada, USA, Sweden, Finland, Norway, Austria, Germany, Argentina, Chile, Japan and New Zealand. From 2017 is France included.
Bleached Hardwood Kraft Market PulpThe statistics includes 73% of the global supply. Included are: Canada, USA, Sweden, Finland, Norway, France, Spain, Brazil, Chile, South Africa, Japan, Korea and New Zealand. From 2017 is Portugal included.
Global Statistics for Bleached Kraft Market Pulp
The statistics in this file is based on EPIS (European Pulp Industry Sector) data, distributed monthly. The data covers bleached paper grade sulphate market pulp,including fluff kraft pulp. The EPIS statistics is divided into softwood andhardwood pulp.To separately analyse the global softwood and hardwood segments, will hopefullygive a more correct picture of the market.
2015-03-24 3
Global Statistics for Bleached Kraft Market Pulp
Bleached Softwood Kraft Market Pulp
Delivered volume January 2017: 2 023 000 t, +9% from January 2016
“ “ Jan-Dec 2016: 23 014 000 t, +3.9% from Jan-Dec 2015
Shipment-to-capacity ratio January 2017: 94%, Jan-Dec 2016: 94%
Bleached Hardwood Kraft Market Pulp
Delivered volume January 2017: 1 827 000 t, +15% from January 2016
“ “ Jan-Dec 2016: 23 455 000 t, +3.8% from Jan-Dec 2015
Shipment-to-capacity ratio January 2017: 80%, Jan-Dec 2015: 90%
Summary table January 2017
Producers’ stocks of market pulp
In January, the global producers’ stocks of bleached kraft market pulp increased by
1 day and ended the month at 36 days of supply. Stocks of softwood kraft pulp
unchanged at 31 days and hardwood kraft up 2 days to 39 days.
2015-03-24 4
Global Shipments Divided by Main Market
Market RegionTotal EUOther EuropeNorth AmericaLatin AmericaJapanOther AsiaAfricaOceaniaTotal
Bl SW Kraft521 55
379 9587
847 2713
2 023
Bl HW Kraft60249
21815459
717197
1 827
Change*+1%
+15%+9%-2%-2%
+17%+8%n.m.+9%
Change*+6%+9%
+5.5%-3.7%+3.3%+40%
n.m.n.m.
+15%
Bleached Kraft Market Pulp, January 2017
Shipments in 1 000 tonnes
Source: EPIS
*) Change from the same period last year
2015-03-24 5
Shipment-to-Capacity RatioBleached Softwood Kraft Pulp
Source: EPIS
50
60
70
80
90
100
110
'12 '13 ´14 '15 '1650
60
70
80
90
100
110
2005 2007 2009 2011 2013 2015 2017
Shipment-to-capacity January 2017: 94% ” ” ” Jan – Dec 2016: 94%
Monthly shipment-to-capacity ratio in %Annual average in %
2015-03-24 6
50
60
70
80
90
100
110
'12 '13 ´14 '15 '16
Monthly shipment-to-capacity ratio in %
50
60
70
80
90
100
110
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Annual average in %
Shipment-to-Capacity RatioBleached Hardwood Kraft Pulp
Shipment-to-capacity January 2017: 80% ” ” ” Jan – Dec 2016: 90%
Source: EPIS
2015-03-24 7
10
15
20
25
30
35
40
45
50
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Producers’ Inventories in Days of SupplyBleached chemical paper grade market Pulp
Producers’ stocks in days of supply
Total world
North America Data including January 2017
Global stocks in January: 36 days, up 1 day from December
2015-03-24 8
80828486889092949698
100
2003 2005 2007 2009 2011 2013 2015 2017
Data including January 2017
Shipment-to-Capacity RatioBleached Softwood & Hardwood Kraft Pulp12 months average
12 months average shipment-to-capacity ratio in %
Hardwood kraft ratio
Softwood kraft ratio
2015-03-24 9
Producers’ Inventories in Days of SupplyBleached softwood and hardwood kraft market pulp
0
10
20
30
40
50
60
2006 2008 2010 2012 2014 2016
Inventories in days of supply
Bl hardwood kraft
Bl softwood kraft
Data including January 2017
2015-03-24 10
Producers’ Inventories in Days of SupplyBleached softwood and hardwood kraft market pulp
05
101520253035404550
2006 2008 2010 2012 2014 2016
Inventories in days of supply
Bl softwood kraft
Data including January 2017
Average: 29 +/- 3 days
2015-03-24 11
Producers’ Inventories in Days of SupplyBleached softwood and hardwood kraft market pulp
0
10
20
30
40
50
60
2006 2008 2010 2012 2014 2016
Inventories in days of supply
Bl hardwood kraft
Average: 38 +/- 4 days
Data including January 2017
2015-03-24 12
0,4
0,6
0,8
1,0
1,2
1,4
1,6
1,8
2,0
1999 2001 2003 2005 2007 2009 2011 2013 2015 2017
Shipment-to-stock ratioBleached Softwood & Hardwood Kraft Pulp
Shipment-to-stock ratio
BSKP ratio
BHKP ratio
Data including January 2017
2015-03-24 13
0
500
1000
1500
2000
2000 2002 2004 2006 2008 2010 2012 2014 2016
USA
Other countries
Canada
Producers’ stocks in 1 000 tonnes
Producers’ Inventories of Market PulpBleached Softwood Kraft Pulp
Source: EPISData including December 2016 + estimation January 2017
Estim
atio
n Ja
nuar
y
2017-03-03 14
94
-9
-75 -69
-23 -32
93
56
-118
-36
29
92
-150
-100
-50
0
50
100
150
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Global stock change (1 000 tonnes)
Monthly changes, based on moving average, last five years Calculation includes December 2016 data
Seasonal changes in the Softwood Kraft Stocks
2017-03-03 15
0
500
1000
1500
2000
2500
3000
2000 2002 2004 2006 2008 2010 2012 2014 2016
Latin AmericaUSA
Other countries
Producers’ stocks in 1 000 tonnes
Producers’ Inventories of Market PulpBleached Hardwood Kraft Pulp
Source: EPISData including December 2016 + estimation January 2017
Estim
atio
n Ja
nuar
y
2017-03-03 16
-8-71
13 22
-58
47 55
-45
228
-191
281
-140
-300
-200
-100
0
100
200
300
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Global stock change (1 000 tonnes)
Monthly changes, based on moving average, last five years Calculation includes December 2016 data
Seasonal changes in the Hardwood Kraft Stocks
2017-03-03 17
0
500
1000
1500
2000
2500
3000
2000 2002 2004 2006 2008 2010 2012 2014 20160
200
400
600
800
1000
1200
NBSK Price vs Producers’ Inventories Bleached Softwood Kraft Pulp
NBSK price (in US$/tonne)
Producers’ stocks(in 1 000 tonnes)
2017-03-03 18
1 000
1 200
1 400
1 600
1 800
2 000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Deliveries of bl softwood kraft pulp in 1 000 tonnes
Total Shipments of Market PulpBleached Softwood Kraft Pulp
Source: EPIS
Monthly dataAnnual average
Shipments January 2017/16: +9%Shipment Jan-Dec 2016/15: +3.9%Shipment-to-capacity January 2016: 94%
Data including January 2017
2017-03-03 19
0
100 000
200 000
300 000
400 000
500 000
600 000
1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
Shipments in tonnes
Source: EPIS
Shipments of Softwood Kraft Pulp to ChinaBleached Softwood Kraft PulpFrom all suppliers except Russia
Data including January 2017
2017-03-03 20
0
100 000
200 000
300 000
400 000
500 000
600 000
700 000
1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
Shipments in tonnes
Source: EPIS
Shipments of Hardwood Kraft Pulp to ChinaBleached Hardwood Kraft Pulp
Data including January 2017
2017-03-03 21
600
800
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Deliveries of bl hardwood kraft pulp in 1 000 tonnes
Total Shipments of Market PulpBleached Hardwood Kraft Pulp
Source: EPIS
Monthly dataAnnual average
Shipments January 2017/16: +15%Shipments Jan-Dec 2016/15: +3.8%Shipment-to-capacity January 2017: 80%
Data including January 2017
2017-03-03 22
100 000
300 000
500 000
700 000
900 000
1 100 000
1 300 000
1 500 000
1 700 000
1 900 000
1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
Deliveries of eucalyptus kraft pulp in tonnes
Shipments of Eucalyptus Pulp from L AmericaBleached Eucalyptus Pulp from Latin America
Source: EPIS
Monthly dataAnnual average
Data including January 2017
Shipments January 2017/16: +12%Shipments Jan-Dec 2016/15: +6.6%
2017-03-03 23
100 000
200 000
300 000
400 000
500 000
600 000
700 000
1999 2001 2003 2005 2007 2009 2011 2013 2015 2017
Monthly shipments in tonnes, 12 months moving average
Total Shipments of Market PulpBleached Softwood Kraft Pulp12 months moving average
W Europe
North America
Asia excl Japan
Data including January 2017
2017-03-03 24
0
100 000
200 000
300 000
400 000
500 000
600 000
700 000
1999 2001 2003 2005 2007 2009 2011 2013 2015 2017
Monthly shipments in tonnes, 12 months moving average
Total Shipments of Market PulpBleached Hardwood Kraft Pulp12 months moving average
W Europe
North America
Asia excl Japan
Data including January 2017