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...
by Sean Ungerer | Jun 28, 2021 | Forestry and Paper
Key YTD moves: Polyester +20%; HW DWP +44%; China-origin DWP +33%; medium-grade VSF +11% and high-end VSF +13%. In contrast, Lyocell is down 1%. VSF market flat to down, lacking lustre: Demand is currently being filled for minimal requirements. The VSF operating rate...
