This series of policy changes will have a profound impact on theinternational pulp/paperboard market. As China is a major global importer ofrecycled pulp, the new regulations have caused significant fluctuations inexports to Southeast Asia and other supply countries. Many containers arestranded in ports, and prices and orders have been affected. For paper-makingmanufacturers that rely on imported raw materials, they will have torestructure their procurement chains or acceleratelocalization/self-sufficiency.