by Sean Ungerer | Jun 21, 2021 | Forestry and Paper
Key YTD moves: Polyester +15%; HW DWP +44%; China-origin DWP +36%; medium-grade VSF +11% and high-end VSF +14%. In contrast, Lyocell is only up 1%. VSF prices continue to stabilize, with new offers partially higher: The VSF operating rate dropped to 68%. VSF inventory...
by Sean Ungerer | Jun 18, 2021 | Forestry and Paper
H&M Q2 21A sales update points to a strong recovery and positive outlook for textile demand: Q1 21A (1 March to 31 May 2021) net sales increased by 75% in local FX. At the start of Q2, c.1,300 stores were temporality closed vs. 140 at the end of Q2. Sales during...
by Sean Ungerer | Jun 17, 2021 | Forestry and Paper
Stalemate between suppliers & buyers in China sees Arauco and Canadian producers cut softwood pulp prices by USD 50/t: In contrast, softwood pulp prices in Europe & North America were up 3% & 1%, respectively. NOREXECO pulp futures unchanged with the CY...
by Sean Ungerer | Jun 14, 2021 | Forestry and Paper
Key YTD moves: Polyester +15%; HW DWP +44%; China-origin DWP +42%; medium-grade VSF +11% and high-end VSF +13%. In contrast, Lyocell is only up 2%. VSF prices stable this week: The VSF operating rate was stable at 70%. VSF inventory days improved slightly to 23 days....
by Sean Ungerer | Jun 11, 2021 | Forestry and Paper
Mondi aligns their financing with their sustainability framework: Mondi signs new EUR 750mn five-year multicurrency RCF linked to its MAP2030 sustainable development goals. This replaces the existing EUR 750mn facility that was due to mature in July 2022.Mondi and...
by Sean Ungerer | Jun 9, 2021 | Forestry and Paper
Pulp prices jump 4-7% in Europe, while stable in China: Import prices into China remain stable, while domestic resale prices and futures come under pressure. Two new cash settled pulp futures contracts launched on NOREXECO last week. The CY 22E contract implies a 11%...
