by Sean Ungerer | Jul 22, 2022 | Forestry and Paper
Pulp prices gain further traction, with European pulp prices up 7% w/w in EUR: NOREXECO pulp futures for CY 23E imply a 11-16% decline in Europe, and a decline of 12-20% in China. UTIPULP released May data: European pulp consumption was up 2% y/y (+6% m/m);...
by Sean Ungerer | Jul 15, 2022 | Forestry and Paper
Pulp prices gain further traction, with European pulp prices up 4-5% w/w: NOREXECO pulp futures for CY 23E imply a 10-16% decline in Europe, and a decline of 12-20% in China. APP confirmed a vessel crashed and destroyed a pier bridge at the OKI mill in Indonesia. APP...
by Sean Ungerer | Jul 11, 2022 | Forestry and Paper
Key w/w moves: Cotton -5%; Polyester -2%; HW DWP +1%; China-origin DWP +1%, medium-grade VSF 0%; and high-end VSF 0% and Lyocell 0%. Cotton’s premium to VSF is 7% (2021 average: 30%) and a 98% premium to polyester (2021 average: 150%). The VSF premium to polyester is...
by Sean Ungerer | Jun 28, 2022 | Forestry and Paper
Pulp prices steady, April European pulp consumption down 1% y/y, while European pulp stocks were down 10% y/y and global pulp shipments in May were up 5% y/y: NOREXECO pulp futures for CY 23E imply a 13-17% decline in Europe, and a decline of 12-20% in China. Last...
by Sean Ungerer | Jun 22, 2022 | Forestry and Paper
DS Smith delivered on its expectations of a significant increase in profitability in H2 22A (y/y & h/h): Revenue growth of +26% (+15%) was mainly driven by improved pricing (86% of total) and to a lesser extent volume growth (14% of total). Adjusted EBIT +25%...
by Sean Ungerer | Jun 22, 2022 | Forestry and Paper
Pulp prices rise further: NOREXECO pulp futures for CY 23E imply a 15-20% decline in Europe, and a decline of 12-20% in China. US pulp prices post 6th straight monthly gain, rising by USD 40-100/t as BHK surge outpaces BSK. Graphic Paper prices stable but margins...
