- Logistics now being impacted: Second wave of COVID-19 and the approach of the Chinese Lunar New Year impacting logistics, coupled with fewer vehicles available in Zinjiang.
- VSF prices jump >10% w/w, paving the way for further DWP price increases: Most customers were unable to source enough fibre.
- VSF operating rate dips slightly to 82%: Some units in North China temporarily cut run rates. Demand this week was healthy and most VSF plants had tight supply. VSF inventory days dropped to 9.5.
- Chinese DWP output remains at zero: Hunan Juntai resumed operations, but producing paper pulp, while Sun Paper is only expected to resume production from maintenance next week at the soonest. Imported HW DWP price was up 0.6% w/w to USD 795/t.
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