Global pulp market

Global annual consumption of pulp made from fresh fibre totals roughly 171 million tonnes, of which 102 million tonnes is captive, meaning that it is integrated to paper or paperboard production, for example. The remaining 69 million tonnes is sold to markets, and is mainly bleached softwood and hardwood pulp.

Market pulp

Global annual demand for market pulp is roughly 69 million tonnes. This consists of: hardwood pulp (36 Mt), softwood pulp (26 Mt), high-yield pulp or CTMP (4 Mt) and unbleached pulp (3 Mt). 

Different pulp grades

The length and strength of fibres vary depending on the wood species.
Therefore, pulp grades have properties suitable for different end uses. Softwood pulp consists of long fibres, giving strength, while hardwood pulp consisting of short fibres, gives excellent surface properties. Different pulp grades are often mixed, particularly in the production of paperboards. 

BCTMP (bleached chemi-thermomechanical pulp) is bleached chemical pulp. Its manufacture combines mechanical and chemical pulping processes for removing the fibres. For example, in the production of folding boxboard, the middle layer of paperboard is BCTMP, which makes the board light but yet stiff.

Market pulp prices

Pulp price (PIX) development in Europe and China are disclosed quarterly in Metsä Board's Results and Investor presentations, and can be found in here

 

 

Global demand of pulp by area, %

Metsä Board's Global demand of pulp by area
Source: PPPC

 

Global demand of pulp by end use, %

Metsä Board's Global demand of pulp by end use
Source: Hawkins Wright, 2019