Any clue why sales were strong in Europe and North America? 

It might be worthwhile to talk to Allen Whitman and Michel Valois and see if they know.

Cheers,

Dave

 -----Original Message-----
From: 	Causholli, Monika  
Sent:	Thursday, November 15, 2001 8:24 AM
To:	Aguilera-Peon, Maria Teresa; Allan, David; Biggerstaff, Finley; Boudreaux, Jay; Braune, Carlos; Bruce, Michelle; Bruce-Jones, Tom; Bruch, Greg; Bryja, James; Cardoso, Leo; Carter, Karen E.; Conner, Andrew R.; Crane, Bob; Determeyer, Peggy; Dimitry, Dirk; Ferrell, Daniel; Foster, Michael; Ho, David; Hutchinson, Elizabeth; Juvane, Danilo; Kabel, Jeff; Kiehne, Sean; Monroe, James; Perez, Eugenio; Rickard, Craig; Robinson, Richard T.; Schmidt, Joern; Schube, Jonathan; Stapley, Cecil; Thakkar, Ami; Then, Leslie; Wales, Stacey
Subject:	Norscan Statistics for October 2001

Hello,

Please the attached PRELIMINARY CHEMICAL MARKET PULP REPORT from PPPC.

Highlights:

Inventories decreased by 48,000 metric tonnes, from the 1.549 million level, to reach the 1.501 million level. This is a positive development for pulp producers especially when compared to the hitorically flat change in October.

BUT in October the the lowering of inventories did not come as a result of producer discipline. In fact Norscan producers operated at 90% in October compared to the 79% in September.

What brought the reduction in inventories is the increase in shipments this month. Shipments were 1.866 million compared to the 1.771 million level in September. Demand was at a record high for the month of October due to strong pick-up sales in North America and Western Europe. Also contributing to the high demand were the shipments to Asia/Africa.
See the table below for the summary of statistics:
 
	Norscan Market Pulp Statistics - October 2001			
	Sep-01	Oct-01	Change	
		in 000s		
Inventories	                 1,549 	                    1,501 	                       (48)	
Op. Rates	                   0.79 	                      0.90 	                    (0.11)	
Production	                 1,584 	                    1,850 	                       266 	
Shipments	                 1,771 	                    1,899 	                       128 	





 << File: prelim.pdf >>