Global Market Pulp Outlook

Download Patrick Cavanagh's presentation, first shown at the Fastmarkets Forest Products North American Conference in Chicago.

Access the presentation from Fastmarkets senior economist, Patrick Cavanagh, analysing the impact of the 2024 pulp market boom and bust and outlining his predictions for the year ahead.

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What to read next
A surplus in bleached softwood kraft (BSK) pulp has driven US prices down by $20 per tonne, while bleached hardwood kraft (BHK) prices rose by $50 per tonne.
Tissue jumbo roll prices continued their upward trend in Europe during May, driven by rising input costs. Virgin fiber-based rolls increased by €20-30 per tonne, with similar hikes seen for recycled grades.
Recent Middle Eastern tensions and a sharp drop in traffic through the Strait of Hormuz could present a major opportunity for Russian pulp producers.
Recovered paper prices for old corrugated containers (OCC) and new double-lined kraft cuttings (DLK) increased in May, driven by strong domestic and export demand, coupled with persistent trucking slowdowns.
Since January 1, 2026, around 40% of European pulp mills have been excluded from the EU Emissions Trading System, ending nearly two decades of surplus allowance income. Carbon capture and storage is emerging as a potential replacement.
Confused by pulp pricing terminology? This guide defines the 5 major pulp price types, from list price to spot price, to help you navigate negotiations.