The higher softwood fiber prices resulted in a two-year high of over $92/odmt for the Softwood Fiber Price Index (SFPI) in the 2Q/21. However, with only a modest increase of the Hardwood Fiber Price Index (HFPI) by one percent q-o-q to $84.41/odmt, the discrepancy between the two indices rose to the widest margin since 2007.
Hardwood fiber prices in most major pulp-producing countries saw minor price adjustments in the 2Q/21. However, a few regions, such as the US South, Eastern Canada, and Spain, stand out as being places where the costs of hardwood pulplogs have gone up over 5 percent from the 1Q/21.
Trade of hardwood chips in the Pacific Rim has increased rapidly for four consecutive quarters to reach a record-high of 6.7 million odmt in the 2Q/21.