- February likely to see price increases across key HW and SW grades on the back of tightening global supply/demand dynamics: Pulp in China gets a further boost from pulp futures frenzy. The rise in pulp futures has seen higher levels for pulp imports and physical trades (BSK: USD 841/t and NBSK: USD 840/t). Unplanned downtime, which has removed c.0.5mpta of production between November last year and January in Americas, Europe and Indonesia, has tightened supply. Short video looking at the pulp futures market in China.
- European graphic paper prices in the red barring UWF, while US producers target price increases: Sappi, Verso, ND Paper, Lecta and Willamette Falls Paper have announced a price increase for US CFS rolls of USD 30/t (2-5%). To date, there has been limited pushback given “full order books”. This takes the price for CFS No.3, 50 lb to USD 1,055-1,100/t (1% higher y/y) and CFS No.3, 60lb to USD 995-1,025/t.
- Containerboard stable, for now: Kraftliner and testliner were stable w/w; however, OCC was up 4% w/w to EUR 116/t, up 172% y/y. SAICA is the latest to announce a price increases for testliner by EUR 50/t in Europe from 1 February, citing “tight supply and robust demand”.
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