Enron Mail

From:monika.causholli@enron.com
To:teresa.aguilera-peon@enron.com, david.allan@enron.com,finley.biggerstaff@enron.com, jay.boudreaux@enron.com, carlos.braune@enron.com, michelle.bruce@enron.com, tom.bruce-jones@enron.com, greg.bruch@enron.com, james.bryja@enron.com, e..carter@enron.c
Subject:Foex is down again
Cc:
Bcc:
Date:Tue, 30 Oct 2001 05:48:21 -0800 (PST)

Today FOEX published its weekly index for pulp:

For the first time in weeks both the softwoods and the hardwoods show signs of weaknesses again.

NBSK was down $US0.48 or 0.1% after four weeks of price increases.
BHKP was Euro 466 down Euro 3.34. Expressed in US dollars BHKP was $US416.09 down $US2.33 or 0.56%.
These decline happens despite the recent efforts from the biggest pulp producers, including Weyerhaeuser, to raise prices. This might be a sign of the fact that the market fundamentals do not support the price increases in pulp.


The average FOEX for October is:
NBSK: $US 460.68 up $10.26 from September
BHKP:$US 414.76 up $13.67 from the September level

Please attached for a chart of FOEX prices