Canfor Pulp lowers NBSK price in U.S. by US$30/tonne, to US$920/tonne; move follows Domtar's earlier announcement

LOS ANGELES , October 28, 2011 () – Canfor Pulp LP today announced to U.S. customers that it is lowering its U.S. price of northern bleached softwood kraft (NBSK) pulp by US$30 per tonne, to $920/tonne, effective Nov. 1, the company said.

This follows the announcement on Oct. 26 by Domtar Corp., which was the first for the U.S. In recent months, it was Canfor Pulp that led with price decrease announcements, of $20/tonne each month.

Canfor has not stated Nov. 1 plans for any other region.

As previously reported, Russia’s Ilim group has lowered its Nov. 1 bleached softwood kraft pulp (BSKP) price in China by $80/tonne, to $710/tonne CFR port.

Canfor Pulp has three mills in Prince George, British Columbia. Two mills produce NBSK exclusively, including 590,000 tonnes/year at the Northwood mill and 320,000 tonnes/year at the Intercontinental mill. A line at the Northwood mill recently restarted after delays connected with a recovery boiler upgrade during a maintenance shut, which resulted in lost output of 65,000 tonnes.

The third mill, the Prince George mill, produces 120,000 tonnes/year of unbleached kraft pulp (UKP), 15,000 tonnes/year of semi-bleached pulp and 135,000 tonnes/year of kraft paper.

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