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- Date:
5/29/2009
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1,497
The severe downturn in the global economy that began this fall has effectively ended the nearly three year long bull pulp market.The spreading economic crisis has led to a contraction in paperdemand and in turn pulp consumption.
Last fall we commented that the bull pulp market looked likely to run well into 2008. At that time,
there was some concern that economic growth might slow, and in fact paper demand in the developed economies was in fact growing very slowly but this was somewhat offset by continued more rapid growth in Asia.
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