- Stalemate between suppliers & buyers in China sees Arauco and Canadian producers cut softwood pulp prices by USD 50/t: In contrast, softwood pulp prices in Europe & North America were up 3% & 1%, respectively. NOREXECO pulp futures unchanged with the CY 22E contract implying a 11-13% decline in Europe vs. a 15-17% decline in China.
- European graphic paper margins weaken due to higher pulp prices and paper prices, which are under pressure again: After factoring in a 30% discount to list pulp prices, the CWF/HW spread is now in the red at
-EUR 4/t (UWF producers: down 3% to EUR 186/t). Mondi confirms an 8-15% price increase for UWF grades produced in Austria & Slovakia, effective 5 July. Sappi Europe plans to increase prices for all sublimation and inkjet grades by 8-15% from 1 July. - European containerboard prices up 1-2% w/w and producers’ eye further price increases: DS Smith has confirmed a EUR 50/t increase for testliner effective immediately. This is on the back of “input cost pressure and continued strong demand”. Leipa (700ktpa capacity of white testliner) confirms a EUR 30/t increase for white top testliner as of 1 July. In North America, most producers (WestRock, PCA, Cascades, Greif, Kruger and Norpac) are out with a USD 50-70/t price increase for linerboard and corrugating medium, effective mid-July. This marks the third increase since November last year. WestRock has also announced a USD 50-60/t increase for its sack kraft paper and is applicable to all global customers.
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