by Sean Ungerer | Jun 2, 2021 | Forestry and Paper
Pulp prices stable but could soon change: The Chinese government announced they would curb commodity prices in China (hardwood DWP down 4% this week to USD 1,060/t). Bleached softwood kraft (BSK) pulp futures are now down USD 147/t in the past two weeks (currently RMB...
by Sean Ungerer | May 31, 2021 | Forestry and Paper
Key YTD moves: Polyester +13%; HW DWP +51%; China-origin DWP +43%; medium-grade VSF +15% and high-end VSF +14%. In contrast, Lyocell is only up 4%. VSF prices drop c.4-9% w/w: The VSF operating rate dropped 300bps to 77%, impacted by maintenance of some Jiangsu-based...
by Sean Ungerer | May 28, 2021 | Forestry and Paper
Poland experiencing wave of new corrugated packaging capacity: This is on the back of significant growth in corrugated demand in Poland, with growth rates of 5-6% p.a., implying at least one new corrugator is required to start-up each year. Corrugated demand has...
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...
