NYBOT to Allow Delivery New Brand of Pulp
Feb. 3, 2006 - The New York Board of Trade (NYBOT) today said that pending approval by its Board of Governors on February 8, 2006, a new brand of pulp will be available for delivery against its Pulp contract. The new brand, Mondi Packaging's Bohemia Kraft Pulp SW ECF, begins with the February 2006 contract, which expires February 19, 2006.
Deliveries of the new pulp brand 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 Certificates. Complete details and requirements can be found on www.nybot.com.
The NYBOT pulp contract (symbol P) is currently 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.
The NYBOT pulp market, which the futures contract began trading on March 4, 2005, and the options on March 7, 2005, opens at 7:55 AM and closes at 9:00 AM.