by Sean Ungerer | May 26, 2021 | Forestry and Paper
Pulp prices largely stable across the board: Arauco announced flat June market pulp and DWP prices in China. The June softwood pulp future is currently USD 935/t vs. July at USD 914/t. Global pulp producer inventories declined by 2 days to 36 days-of-supply in March,...
by Sean Ungerer | May 25, 2021 | Forestry and Paper
Europe’s largest independent kraftliner producer saw Q1 21A EBITDA increase by 32% y/y, boosting ROCE to 16%: The Group EBITDA margin expanded to 32.6%, driven by high demand, improved pricing across the board and SCA exiting from the graphic paper markets, with the...
by Sean Ungerer | May 24, 2021 | Forestry and Paper
Key YTD moves: Polyester +14%; HW DWP +51%; China-origin DWP +43%; medium-grade VSF +20% and high-end VSF +25%. In contrast, Lyocell is only up 4%. VSF prices stable this week but imported forward cargoes traded around 12,000 yuan/t: The VSF operating rate climbed to...
by Sean Ungerer | May 19, 2021 | Forestry and Paper
North America pulp registers further increase this week but rally likely to moderate now: US spot markets have eased back to regular pulp allocations or 10% below that. In China, imported pulp appears to be at a standstill now, with suppliers keeping prices stable or...
by Sean Ungerer | May 17, 2021 | Forestry and Paper
Key YTD moves: Polyester +15%; HW DWP +51%; China-origin DWP +43%; medium-grade VSF +20% and high-end VSF +25%. In contrast, Lyocell is only up 4%. Slight pressure on medium-grade VSF, while high-end drops 5% w/w: This brings the high/medium spread in line with the...
by Sean Ungerer | May 14, 2021 | Forestry and Paper
Suzano announced a new 2.3mtpa BEK project in Brazil and is expected to start-up in Q1 24e: The “Cerrado Project” is expected to cost R$ 14.7bn or USD 2.8bn (implying CapEx/t of USD 1,218) between 2021 and 2024 in Ribas do Rio Pardo, the Mato Grosso do Sul state...
