by Sean Ungerer | Feb 23, 2022 | Forestry and Paper
Mondi is set to sell its Personal Care Components (PCC) business to Nitto Denki Corporation (6988 JP Equity): The disposal includes four companies, Mondi Gronau, Mondi Ascania GmbH, Mondi China Film Technology Co. Ltd and a newly established company for the PCC...
by Sean Ungerer | Feb 22, 2022 | Forestry and Paper
Key w/w moves: Cotton -1%; Polyester -3%; HW DWP +1%, China-origin DWP flat, medium-grade VSF, high-end VSF and Lyocell all roughly flat w/w. Cotton’s premium to VSF has narrowed to 64% (2021 average: 30%) and a 185% premium to polyester (2021 average: 150%). The VSF...
by Sean Ungerer | Feb 16, 2022 | Forestry and Paper
Fastmarkets RISI Global Paper Packaging Outlook Pulp prices in the green, with China hardwood pulp leading gains: Suzano expects global pulp supply to remain constrained in Q1 22E, with low inventories across the board and scheduled and unexpected stoppages at mills...
by Sean Ungerer | Feb 15, 2022 | Forestry and Paper
Fastmarkets RISI Global Paper Packaging Outlook Key w/w moves: Cotton +2%; Polyester +3%; HW DWP +1%, China-origin DWP +2%, medium-grade VSF, high-end VSF and Lyocell all roughly flat w/w. Cotton’s premium to VSF has narrowed to 67% (2021 average: 30%) and a 190%...
by Sean Ungerer | Feb 11, 2022 | Forestry and Paper
Q1 was much better than expected: Q1 22A marked the 6th consecutive quarter of improving EBITDA to USD 240mn, 25% ahead of our USD192mn (consensus: USD 195mn) and EPS of USD 0.20/share, 43% ahead of our USD 0.14/share (consensus: USD 0.12/share). Net debt was also...
by Sean Ungerer | Feb 4, 2022 | Forestry and Paper
Pulp prices broadly stable: NOREXECO pulp futures for 23E imply a 12-18% decline in Europe, while prices in China are expected to decline by 2-6%. In North America, Verso and Eldorado are out with a USD 40/t price increase for BHK in February and softwood producers...
