Key message: Global pulp markets were stable in Europe but showed signs of recovery in China, with BHKP rebounding +4%. Graphic paper softened slightly as LWC declined, while containerboard drifted lower with renewed OCC weakness. Dissolving pulp steadied, though import prices slipped, narrowing the DP/pulp spread. VSF market sentiment remains cautiously bullish ahead of the Shanghai yarn expo, with higher operating rates and leaner inventories pointing to improving demand momentum. View Presentation
