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...
by Sean Ungerer | Jul 5, 2021 | Forestry and Paper
Key YTD moves: Polyester +19%; HW DWP +44%; China-origin DWP +33%; medium-grade VSF +10% and high-end VSF +13%. In contrast, Lyocell is down 2%. Further pressure on VSF pricing as trades remain thin: The VSF operating rate dropped to 67% as Chengdu Grace Fiber was...
by Sean Ungerer | Jul 2, 2021 | Forestry and Paper
Pulp prices stable but with mounting pressure in China: Most softwood producers are cutting prices by at least USD 50/t in China due to the ongoing purchasing standstill. Chinese pulp imports for May saw volumes flat m/m by up 19% y/y to 2mt. May PPPC stats indicated...
by Sean Ungerer | Jul 2, 2021 | Forestry and Paper
Fedrigoni Q1 21A results (Europe’s leading player in specialty papers and wine labels and 3rd largest self-adhesive materials producer globally): Adjusted EBITDA increased by 11.3% y/y to EUR 48.3mn (FY 20A: Revenue EUR 1,315mn; EBITDA EUR 197mn and EBITDA margin...
