Sdra to raise its pulp prices

Swedish pulp producing conglomerate Sdra Cell is to raise its prices for hardwood and softwood pulp as a "natural consequence of the current strong market situation".

From 1 June, softwood pulp will be increased to £400 ($800) per tonne, and hardwood pulp will be raised to £353 per tonne.

Chief executive for Södra Cell Ulf Edman said: “Although $800 per tonne is one of the highest quotations in dollars, it is not a record in euros or Swedish kroner.”

The rise comes a week after NAPM chairman Ian George predicted further price rises this year.