China is biggest importer of paper pulp from Brazil from January to April

4 June 2010

Shanghai, China, 4 June – China became the biggest importer of paper pulp from Brazil in the first four months of 2010, with a share of 34 percent, the president of the Brazilian Paper and Cellulose Association (Bracelpa) said in Shanghai.

Cited by the Brazilian press, Elizabeth de Carvalhaes said that the share achieved by Chinese importers in the period was twice the amount registered until 2009, a year in which demand rose 135 percent to 1.5 million tons and a share of 33 percent.

The president of Bracelpa noted that Chinese companies had started increasing their imports from Brazil at the beginning of 2009 when the price per ton of paper pulp fell on the international market from US$840 to just US$400 per ton, with the current price standing at around US$920.

According to Carvalhaes, Chinese demand had taken on a “structural” nature in the second half of 2009, when China announced it would install the three largest paper machines in the world, one of which with a capacity to produce 1 million tons of paper per year.

In 2009 Brazil accounted for 50 percent of China’s cellulose imports. China produces 90 million tons of paper per year and wants to become one of the sector’s world leaders.

In order to meet demand from China and other emerging economies, Brazil’s cellulose industry plans to invest US$22 billion in the 2010-2016 period. (macauhub)