by Sean Ungerer | Apr 6, 2021 | Forestry and Paper
Key YTD moves: Polyester +16%; HW DWP +51%; China-origin DWP +46%; medium-grade VSF +22% and high-end VSF +39%. Slight drop in VSF prices on the back of small and mid-sized plants cutting prices: The VSF operating rate declined to 81% this week as a Shandong-based VSF...
by Sean Ungerer | Mar 30, 2021 | Forestry and Paper
Is VSF next? To date, global textile companies have been scrambling to cut Xinjian cotton from their supply chains. As with cotton, the opacity of the Xinjiang supply chain makes it impossible to prove whether viscose produced there is ethically made.VSF from Xinjian...
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...
