Kuppy. Looks like you got it right…
Canfor Pulp to increase Mar. 1 NBSK pulp prices $30/tonne worldwide
SAN FRANCISCO, Feb. 11, 2011 (RISI) – Canfor Pulp informed customers worldwide that it would increase northern bleached softwood kraft
(NBSK) pulp prices by $30/tonne, effective March 1 until further notice, RISI has learned.
Vancouver-headquartered Canfor Pulp will raise its premium reinforcing NBSK price to $990/tonne in the USA; $980/tonne in Europe; and $900/tonne in China.
Canfor Pulp is the second major NBSK producer to slate higher prices in in North America, and the first known producer to hike March prices in China and Europe.
Domtar on Wednesday slated a North American price increase on NBSK for Mar. 1. Its list was announced at $1,000/tonne, up $30/tonne.
The Mar. 1 NBSK price increases, which come from two of North America’s largest NBSK producers, could trigger a fourth consecutive monthly hike in China.
March would mark the first price increase in North America and Europe since June, and comes amid low bleached softwood kraft (BSK) inventories and strong demand.
Let’s not declare victory yet, but MERC had a VERY strong quarter even before they raised prices….
I was going to ask/tell you about this a few months ago but never got around to it, the opportunities may not exist anymore.
Anyway, Shale oil, seems to be the next big thing in the US, Bakken Niobrara etc. Anyway, I know you prefer looking at the ancillary aspects of resource booms.
The local economies surrounding the shale oil scene seem to be equally booming. Unemployment in these regions is the lowest in the US,
“Unemployment in North Dakota has fallen to the lowest level in the nation, 3.8 percent — less than half the national rate of 9 percent. The influx of mostly male workers to the region has left local men lamenting a lack of women. Convenience stores are struggling to keep shelves stocked with food.”
Anyway the question: Have you thought about/looked into the playing the local economy surrounding/supporting the shale oil scene?
It appears that firstly drilling/fracing companies must be making a mint. Secondly, smaller businesses (food,entertainment etc.) that service the areas must be on the verge of sharing the wealth also
You’re certainly thinking about these things correctly. If I were to play anything, it would be the local economy and service industries. Forget owning the gas companies themselves. . I just don’t know enough about it and sort of have my hands full with other things right now…. But if you focus there, you are probably on the right track.
What’s your take on this article? Whats your take on oil prices (in general)? Dont know much but I’m 100% sure you know more about mining and drilling than I am. Thanks http://finance.yahoo.com/news/New-drilling-method-opens-apf-2851595693.html?x=0&sec=topStories&pos=main&asset=&ccode
When you increase the price of something to the point where there are sizable profits, creative people find ways to capture those profits. We are now seeing that in domestic production. Higher prices = more capital investment + new technologies. It still won’t change the overlying drend of worldwide resource depletion.