Producer's stocks in November
In November, global producers’ stocks remained unchanged at 35 days of supply. Inventories of softwood kraft pulp declined by one day to 28 days, while stocks of hardwood remained unchanged at 42 days. Total global shipments of softwood pulp improved compared with the same month last year, while deliveries of hardwood pulp fell. Shipments-to-capacity ratios remained at or above the 90% level, with softwood at 93% and hardwood at roughly 90%.