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Forestweb North American Pulp Index gains in August

LOS ANGELES, August 17, 2007 (press release) – The Forestweb North American Pulp Index rose again in August, paced by gains in bleached hardwood pulp prices.

The index added 1.07% month-to-month and stood at 143.95. That is up 10.95% from August 2006 and shows a gain of 6.79% this year.

The month saw rapid implementation of $20/tonne hikes for eucalyptus and northern and southern bleached hardwood grades. In addition there was some delayed efect of July’s $20/tonne raise for NBSK and southern pine.

The Forestweb Pulp Index represents North American demand and prices for the five principal chemical paper grade market pulps.

Forestweb’s price indices are Laspeyres indices that represent a statistical measure of a weighted average of printing and writing paper, pulp and paperboard prices and which summarize the relative changes in price levels over time using an arbitrarily chosen base period. All Forestweb indices use the base year 2000 except for pulp, which uses 2001 as the base year.

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