by Sean Ungerer | Mar 29, 2021 | Forestry and Paper
US/China relations and the Xinjiang cotton sanction continue to weigh down on cotton prices: The ZCE cotton contract was down 4%, while cotton linter declined 6% w/w.Low trading volumes saw medium-grade VSF prices drop 4%: This is roughly in line with polyester (-5%)...
by Sean Ungerer | Mar 26, 2021 | Forestry and Paper
Further pulp price increases on the cards for April: Suzano has announced an 8% (USD 60/t) BEK price increase to China, 9% in the US and 10% in Europe, all effective 1 April. Russia’s largest pulp producer (1.8mtpa of market pulp capacity), the Ilim Group has...
by Sean Ungerer | Mar 24, 2021 | Forestry and Paper
Key YTD moves: Polyester +21%; HW DWP +44%; China-origin DWP +43%; medium-grade VSF +36% and high-end VSF +39%.Cotton market weakened w/w: Cotton linter declined 3% w/w, while refined cotton was broadly stable but under some pressure.VSF market...
by Sean Ungerer | Mar 17, 2021 | Forestry and Paper
Chinese BSK futures pumps the brakes this week: The May softwood contract on the Shanghai Futures Exchange settled at RMB 7,218/t last week Thursday, a drop of RMB 152/t from two weeks ago. We note that LatAM pulp producers are now raising concern over break bulk...
by Sean Ungerer | Mar 15, 2021 | Forestry and Paper
H&M Q1 sales (to 28 Feb) development released this morning: Q1 sales were down 21% y/y (1,300 stores temporarily closed), while sales for 1-13 March (900 stores closed) are up 10% y/y as Germany (H&M’s largest market) and other markets have allowed certain...
by Sean Ungerer | Mar 11, 2021 | Forestry and Paper
Lenzing’s 500ktpa (single line, largest globally) DWP plant in Brazil is still expected to start-up in Q2 22e: The project is still on budget, with planned CapEx of USD 1.38bn and is 48% complete. The project is expected to have a cash cost of USD 300/t, with Lenzing...
