by Sean Ungerer | Jul 22, 2021 | Forestry and Paper
China pulp prices further in the red this week: China import pulp prices fell further this week (SW: -1% and HW: -8%). The September BSK future (SHFE) settled at USD 843/t last week. NOREXECO pulp futures remain unchanged and for the CY Q4 20E contract imply a 12-13%...
by Sean Ungerer | Jul 21, 2021 | Forestry and Paper
Q2 21A profitability continued to strengthen: Revenue increased by 2% y/y (-4% q/q) on the back of strong cartonboard, sack and kraft paper demand. This supported adjusted EBITDA margin expansion of 100bps y/y to 13.6% but down 181bps q/q due planned and unplanned...
by Sean Ungerer | Jul 19, 2021 | Forestry and Paper
Key YTD moves: Polyester +20%; HW DWP +38%; China-origin DWP +29%; medium-grade VSF +11% and high-end VSF +15%. In contrast, Lyocell is down 5%. VSF prices in the green again this week: Sateri and Tangshan Sanyou are seeing strong interest for medium-grade VSF around...
by Sean Ungerer | Jul 14, 2021 | Forestry and Paper
Europe pulp prices rise further, while China prices in the red again: Despite European pulp prices rising further, producers had to settle for less than planned despite strong demand. Momentum could now be hampered by prices moderating in China. Softwood producers...
by Sean Ungerer | Jul 12, 2021 | Forestry and Paper
Key YTD moves: Polyester +21%; HW DWP +38%; China-origin DWP +30%; medium-grade VSF +11% and high-end VSF +13%. In contrast, Lyocell is down 5%. VSF trading mood finally shows signs of improving after weeks of sustained pricing pressure: Sateri and Tanshan Sanyou were...
by Sean Ungerer | Jul 7, 2021 | Forestry and Paper
Europe pulp prices rise further, while China prices in the red: Chinese pulp prices slipped further this week, while domestic and futures prices improved slightly. NOREXECO pulp futures saw downward adjustments with the CY 22E contract implying a 13% decline in Europe...
