The New York Board of Trade® (NYBOT®) announced today that effective immediately, a new brand of pulp will be available for delivery beginning with the December 2006 contract, which expires on December 20, 2006. The new brand is StoraEnso’s Oulu Pine ECF Pulp and has been added to Appendix I of the Exchange’s Pulp Contract Rules which lists Exchange Approved Mills/Brands.
Any such deliveries will be subject to the existing Pulp Contract Rules as to the requirements for date of production of pulp, warrant issuance requirements and other documentation such as a Production Quality Certificate. Please refer to the NYBOT Pulp Contract Rules for complete details and requirements at www.nybot.com.
Pulp comes from natural plant materials and is used to make a wide range of products such as paper and paperboard, representing an $86 billion dollar industry. Canada, the U.S., and the Nordic countries are the largest producers of pulp. The NYBOT contract (symbol P) is for 20 air-dry metric tons of Northern Bleached Softwood Kraft (NBSK) pulp, which must be a commercially accepted “prime” grade of a specific moisture, dirt count and brightness. Pulp futures and options contracts, priced in U.S. dollars, are listed for February, April, June, August, October and December months, and trade at NYBOT from 7:55 am – 8:55 am (NY Time).
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.
