Bleached Hardwood Kraft Pricing Assessment

  • Commodity Pricing

bleached hardwood kraft Markets Covered: 

cnChina
deGermany
usUnited States

bleached hardwood kraft Markets Covered: 

Global bleached hardwood kraft Price Trend, Analysis and Forecast​

In Q1 2025, BHK prices in China saw a slight recovery, increasing to USD 604/MT, up 3.78% from the previous quarter. This modest rise was supported by a gradual pickup in domestic paper production as operations resumed after the Lunar New Year. Improved purchasing from converters in Southeast Asia and moderate restocking by local mills also helped support the rebound. Additionally, a reduction in new supply from a few Chinese producers balancing production volumes helped ease some of the pricing pressure seen in late 2024. 

In Q4 2024, the BHK market in China continued its downward trend, with prices dropping to USD 582/MT, a 9.77% decline from Q3. A key reason for the price drop was aggressive year-end destocking by traders and mills, who aimed to clear inventories before closing books. The continued slowdown in the global packaging industry, especially in Europe, reduced export demand. Meanwhile, falling energy and transportation costs also allowed suppliers to offer more competitive pricing, further dragging the market down. 

In Q3 2024, BHK prices in China fell sharply to USD 645/MT, marking an 11.52% decline from the previous quarter. The main reasons for this downturn were the return of steady production from domestic mills, which led to abundant supply in the market. Weaker global pulp prices also added pressure, especially as international buyers reduced their intake due to high inventories. Additionally, softer demand from the pharmaceutical and publishing sectors made mills more cautious with procurement, contributing to the overall bearish tone. 

In Q2 2024, the BHK market in China saw a strong recovery, with prices rising to USD 729/MT, showing a 10.62% increase from Q1. This price jump was largely driven by a rebound in demand from the paperboard and tissue sectors, especially as downstream converters prepared for mid-year packaging requirements. On top of that, higher shipping costs caused by vessel delays and route changes led to tighter availability of imported pulp. Some domestic mills also slowed output temporarily for maintenance, reducing supply and helping support the upward pricing trend. 

In Q1 2024, BHK prices in China declined to USD 659/MT, down by 3.23% compared to the previous quarter. This drop was mainly due to lower demand from the domestic packaging and printing industries following the Lunar New Year holiday, as many mills operated at reduced capacity. In addition, an abundant supply of BHK from newly expanded Chinese pulp lines created stock pressure in the local market. Sluggish export interest, especially from buyers in Southeast Asia, also added to the softness in pricing during the quarter.

India bleached hardwood kraft Price Trend, Analysis and Forecast

bleached hardwood kraft Parameters Covered: 

  • Hardwood Logs
  • Wood Chips
  • Chemicals (e.g., Sodium Hydroxide, Sodium Sulfide)
  • Water
  • China
  • USA
  • Germany
  • Tissue Paper, Printing Paper, Writing Paper, Photocopy Paper, Packaging Paper (Paper Industry)
  • Napkins, Paper Towels, Toilet Paper, Envelopes, Notebooks (Consumer Paper Products Industry)
  • Food Wrappers, Book Pages, Magazine Paper, Flyers, Leaflets (Printing and Packaging Industry)
  • Paper Cups, Gift Wrap, Instruction Manuals, Carton Inserts, Labels

bleached hardwood kraft Parameters Covered: 

  • Hardwood Logs
  • Wood Chips
  • Chemicals (e.g., Sodium Hydroxide, Sodium Sulfide)
  • Water
  • China
  • USA
  • Germany
  • Tissue Paper, Printing Paper, Writing Paper, Photocopy Paper, Packaging Paper (Paper Industry)
  • Napkins, Paper Towels, Toilet Paper, Envelopes, Notebooks (Consumer Paper Products Industry)
  • Food Wrappers, Book Pages, Magazine Paper, Flyers, Leaflets (Printing and Packaging Industry)
  • Paper Cups, Gift Wrap, Instruction Manuals, Carton Inserts, Labels

Why PriceWatch?

PriceWatch is your trusted resource for tracking global bleached hardwood kraft price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the bleached hardwood kraft market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence bleached hardwood kraft prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely bleached hardwood kraft market data.

Track PriceWatch's bleached hardwood kraft price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in Bleached Hardwood Kraft prices

  • U.S.-Canada Trade War (2025): Tariffs imposed by the U.S. on Canadian pulp and Canada’s retaliatory measures disrupted supply chains. As Canada is a major global pulp supplier, reduced exports led to BHK price spikes in Europe and Asia. Ongoing Red Sea shipping diversions and port strikes further increased logistics costs. 
  • China’s Pulp Overcapacity (2024): China significantly expanded its domestic hardwood pulp production, prioritizing cost-effective BHK output. As a result, BHK imports into China dropped by 7% year-on-year. The global market experienced price declines due to oversupply and subdued Chinese demand. 
  • Global Production Halts (2023–2024): Temporary shutdowns at Asia Symbol’s 1.5M tonne BHK mill in China (due to water shortages) and Suzano’s production issues in Brazil created tight supply conditions. BHK prices rose in Europe and Asia as inventories dropped to around 1.55M tonnes by March 2024. 
  • COVID-19 Pandemic (2020-2022): The pandemic disrupted global supply chains and manufacturing operations. BHK producers faced factory shutdowns, labour shortages, and logistical challenges as transportation routes were heavily impacted. This caused production slowdowns, especially in key producing countries like China and Europe. These factors highlight the BHK market’s sensitivity to global disruptions and energy price fluctuations, which have caused significant price volatility over the years. 

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major BHK production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire BHK supply chain, from raw material availability (e.g., Hardwood Logs, Wood Chips, and Sodium Hydroxide etc.) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact BHK prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing. 
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on BHK production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks. 
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., Paper industry, Printing and Packaging Industry), to predict shifts in BHK demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global BHK production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming BHK production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization. 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including Paper industry, Printing and Packaging Industry. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global BHK pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast BHK prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable BHK pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 

Molecular Weight[g/mol]

CAS No

65996-61-4

HS Code

47032900

Molecular Formula

(C6H10O5)n
bleached hardwood kraft

Bleached Hardwood Kraft (BHK) is a type of chemical pulp made from hardwood trees such as eucalyptus, birch, and aspen. It is produced using the kraft process and then bleached to achieve a high level of brightness and purity. BHK is known for its short fiber length, good bulk, smooth surface, and excellent printability, making it ideal for a variety of paper products.

Packaging Type

200-250 kg per bale

Grades Covered

Bleached Hardwood Kraft Ex-Shandong, Bleached Hardwood Kraft DEL East Coast, Bleached Hardwood Kraft FD Hamburg

Incoterms Used

Ex-Shandong, DEL East Coast, FD Hamburg

Synonym

Hardwood Bleached Kraft Pulp, BHKP, Bleached Hardwood Pulp, Kraft Hardwood Pulp

PriceWatch Quotation Terms:

90-100 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

DESCRIPTION         
Iso Brightness  %  89.8 ± 1.2     
*TAPPI DIRT COUNT (based on TAPPI)
Includes all particles >=0.1mm 
PPM  0.6 ± 0.6     
Air Dry  %  90.0 ± 2.4     
Initial Freeness  (°SR)  28 ± 8  CSF (ml)  451 ± 102 
Initial Tear  mN.m^2 /g  9.4 ± 6.3  100g_{f} .m^2 /g  95 ± 64 
Initial Tensile  m  4790 ± 970     
Initial Burst Factor  kPa m/g  2.5 ± 1.5  (g_{f} .cm^{ )/(g/m^2 )  25 ± 10 
Initial Bulk  Cm^3 /g  1.7 ± 0.1     
pH    6.5 – 8.5     
Length Weighted Average Fibre Length  mm  0.92 ± 0.18     
Length Weighted Average Fines  %  4.33 ± 1.38     

Applications

BHK pulp is widely used in the paper and packaging industry for manufacturing high-quality printing and writing papers, premium tissue products (such as facial tissues and toilet paper), and various types of paperboard and carton boards. Its smoothness and opacity make it ideal for specialty papers, including cigarette papers, banknotes, and filter papers. BHK pulp is also favored in the production of sustainable and biodegradable packaging materials, supporting the growing demand for eco-friendly solutions in the packaging sector. Its fiber properties contribute to the softness, absorbency, and printability required in both consumer and industrial paper products. 

Bleached Hardwood Kraft price provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for bleached hardwood kraft. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

BHK pulp prices are shaped by a range of global and regional factors. The primary drivers include the cost and availability of hardwood raw materials like eucalyptus and acacia, energy and chemical costs (such as caustic soda and chlorine dioxide), and logistics expenses. Additionally, supply-demand balance, mill maintenance shutdowns, global paper demand (especially in packaging, tissue, and printing sectors), and environmental regulations around sustainable forestry practices also significantly impact pricing. Monitoring these variables helps procurement heads forecast cost trends and manage purchasing strategies effectively.

Supply chain disruptions—such as port congestion, container shortages, or transportation strikes—can lead to delayed shipments and constrained availability of BHK pulp in key markets. These issues often result in sharp price increases due to tighter supply. Moreover, geopolitical tensions or environmental events (like floods or droughts in key producing regions such as Brazil or Southeast Asia) can impact raw material harvesting or pulp mill operations. Procurement leaders should proactively track these risks and consider building strategic inventories or sourcing from multiple regions to mitigate price volatility.

BHK pulp prices differ across regions due to factors like local raw material supply, production capacity, transportation costs, and import/export duties. For instance, South America—especially Brazil—is known for competitive BHK pricing due to abundant eucalyptus plantations and high production efficiency. Meanwhile, prices in Europe or North America may be higher due to stricter environmental regulations and higher labor or logistics costs. Procurement teams can benefit by diversifying their sourcing base, evaluating landed cost comparisons, and leveraging regional market insights to optimize procurement strategies and control input costs.

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