by Sean Ungerer | Aug 15, 2022 | Forestry and Paper
Key w/w moves: Cotton +7%; Polyester 0%; HW DWP 0%; China-origin DWP 0%, medium-grade VSF -2%; and high-end VSF -1% and Lyocell -1%. Cotton is now trading at a 2% premium to VSF (2021 average premium: 30%) and a 93% premium to polyester (2021 average: 150%). The VSF...
by Sean Ungerer | Aug 3, 2022 | Forestry and Paper
Q3 22E results on Thursday 4 August, key numbers to look out for: We expect EBITDA to improve by 121% y/y to USD 320mn (-5% q/q) and EPS of USD 0.33/share. We expect Graphic Paper to surprise to the upside. DP is likely to disappoint on the back of continued logistic...
by Sean Ungerer | Aug 3, 2022 | Forestry and Paper
Mondi will report H1 22E results on 4 August: Including Russia, we expect EBITDA of EUR 1.122mn (Q1 22A: EUR 574mn & Q2 22E: EUR 548mn), driving underlying EPS of EUR 1.34/share (+89% y/y & +61% h/h) and DPS of EUr 23/share (+13% y/y). We expect the balance...
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...
