China's new capacity of 8 mills, averages out to over 2 MM green tons per mill.

Implications: By any measurement, these are huge additions to capacity, and the article also points out new pulp operations coming on line in South America totalling over 8 MM tons of pulp capacity. The article also points out that many small operations in China will be closed - and fiber diverted - If this comes to fruition - it is still analogous to sticking your finger into the hole in the dike I am constantly amazed by the "shrinking" of the required market reach, of fiber.  If one examines US South pulpwood pricing - from the 1980's to present - pine has significantly higher in price than mixed Hardwood - when there were any markets at all.  Over time, pine and hardwood arbitrage to the point of indifference, about equal costs.  I wonder if these recent events will replay the past - will the Forest Products Industry become "fiber indifferent"?

Analysis: Obviously, these are huge changes by any measure.  If China can establish a beach head in fiber procurement, coupled with these newer pulpmills - the "global" fiber dynamic will change drastically.  Please recall other discussions on the divestiture of "C Corp" timberlands that is nearly complete in the US (WY is the remaining large outlier).

The opportunity to exert a large degree of fiber ( price and Quantity) control on a particular mill's marginal cost curve - are all but over.