• Pulp in the green across the board, with China SW benefiting most: China SW/HW spread is comfortably over USD 200/t. This is on the back of SW producers having increased prices from USD 100-120/t, following the run-on futures (March SW pulp contract settled at USD 840/t after VAT and logistics). Arauco confirmed price increases in China for BKP (to USD 810/t net CFR, up USD 120/t) and unbleached kraft pulp to USD 700/t (up USD 50/t). There is also traction in North America with high spot US prices and export demand from China. Domtar confirmed a USD 110-130/t increase for NBSK effective 1 February.   
  • Graphic paper prices in the red but further price increases announced: Burgo plans to increase UWF and CWF prices by EUR 50/t from 1 March across Europe. This is driven by higher production costs and logistics. Lecta is also targeting ambitious price increases of 8-10% for its two side CWF and UWF grades for Europe and exports (effective 1 March).  
  • Containerboard sees further gains: Kraftliner and testliner were up w/w (0.6% and 2.3%, respectively). OCC up 2% w/w to EUR 111/t, up 161% y/y. Schoellershammer has also confirmed a price increase of EUR 50/t in Europe (excludes Spain and Portugal) from 1 February for all of its recycled packaging grades citing “strong demand” and to help compensate for “soaring recovered paper prices”.

Download Report