by Sean Ungerer | Jan 26, 2024 | Forestry and Paper
Sappi’s AGM will be held on Wednesday, 07 February 2024 at 14:00: The last day to trade in order to be eligible to attend and vote at the AGM is Tuesday, 30 January 2024. Refer to page 3 for the proposed resolutions. Sappi continued to make progress in terms of...
by Sean Ungerer | Jan 19, 2024 | Forestry and Paper
Paper pulp prices in Europe advance 3-4%: NOREXECO pulp futures for 24E infer that hardwood prices in China should fall around 4% in 2024, with some upside for prices in Europe (hardwood +2% & softwood: +1%). UTIPULP statistics for December revealed that...
by Sean Ungerer | Jan 12, 2024 | Forestry and Paper
Mixed moves for pulp prices: NOREXECO pulp futures for 24E infer the pulp rally is complete in China, with some upside for prices in Europe (hardwood +7% & softwood: +4%). Suzano and Eldorado have announced further BEK price increases ($10/t in China and $80/t in...
by Sean Ungerer | Dec 22, 2023 | Forestry and Paper
Mondi set to return c.€775mn (R15.8bn/£670mn) to shareholders following the sale of its Russian assets, in the form of a special dividend of €1.60/share (R32.6/£1.38): According to Mondi, the accompanying share consolidation is intended, as far as possible, to...
by Sean Ungerer | Dec 14, 2023 | Forestry and Paper
Paper pulp prices increase further: Pulp prices improved by 4-5% in Europe, +2% in the US and hardwood pulp edged up a further 1% in China. NOREXECO pulp futures for 24E infer the pulp rally is largely complete in China with some further improvement for hardwood (+4%)...
by Sean Ungerer | Dec 8, 2023 | Forestry and Paper
DS Smith H1 24A results revealed a decrease in profitability in line with guidance: Revenue fell by -18% y-o-y (-10% h-o-h), largely impacted by a weaker pricing environment (-£273mn: from lower packaging prices). Meanwhile corrugated volumes were down 4.7% y-o-y...
