Pulpex Bulletin for Monday, November 19, 2001

Market News: 1,032 tonnes NBSK & 528 tonnes BEK traded today
             Bid      Ask     Last     High      Low   Vol    OI
NBSK -----------------------------------------------------------
Nov01     385.00   404.00   396.00   396.00   395.00    23   107
Dec01     400.00   409.00   404.00   404.00   404.00    10   118
Jan02     408.00   415.00        -        -        -     -    76
Mar02     420.00   426.00        -        -        -     -   163
Jun02     435.00   438.00        -        -        -     -    43
Sep02     450.00   457.00   456.00   456.00   455.00    10    57
Dec02     465.00   476.00        -        -        -     -    15
Mar03     475.00   550.00        -        -        -     -     -

BEK ------------------------------------------------------------
Nov01     390.00   400.00   396.00   396.00   396.00    22    26
Dec01     395.00   404.00        -        -        -     -    30
Jan02     399.00   409.00        -        -        -     -     -
Mar02     407.00   417.00        -        -        -     -     -

Settlement Prices Futures
          Today      Chg      Prev
NBSK ------------------------------
Nov01    396.00     -3.75    399.75
Dec01    404.00     -2.00    406.00
Jan02    411.50     -0.25    411.75
Mar02    423.00     -2.50    425.50
Jun02    436.50     -3.00    439.50
Sep02    456.00     +1.00    455.00
Dec02    470.50     +0.00    470.50
Mar03    484.50     +0.00    484.50

BEK -------------------------------
Nov01    396.00     +2.00    394.00
Dec01    399.50     +0.50    399.00
Jan02    404.00     +0.00    404.00
Mar02    412.00     +3.00    409.00

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