by Sean Ungerer | Mar 9, 2021 | Forestry and Paper
Big moves for pulp this week in China and Europe: China pulp prices gained further ground on the back of good demand and continued arbitrage opportunities against the futures market. The May softwood contract on the Shanghai Futures Exchange settled at USD 973/t...
by Sean Ungerer | Mar 8, 2021 | Forestry and Paper
Key YTD moves: Polyester +28%; HW DWP +44%; China-origin DWP +42%; medium-grade VSF +36% and high-end VSF +39%. VSF prices see moderate gains: Sateri started to sign LT contracts in March. Spinners have shown less enthusiasm to chase up VSF supply on the back of lower...
by Sean Ungerer | Mar 3, 2021 | Forestry and Paper
Pulp in the green across all regions: Klabin sets new prices in Europe (USD 910/t) and North America (USD 1,140/t) for BEK pulp and to follow suit in Asia. US prices set for further gains as softwood supply shock in the South from the Arctic Blast that saw three...
by Sean Ungerer | Mar 2, 2021 | Forestry and Paper
Key YTD moves: Polyester +37%; HW DWP +44%; China-origin HW DWP +42%; medium-grade VSF +36% and high-end VSF +38%. VSF prices see moderate gains: Sateri resumed VSF sales this past week, fulfilling February contracts. VSF operating rate increases to 83%: Operating...
by Sean Ungerer | Feb 25, 2021 | Forestry and Paper
FY 20A underlying EBITDA down 18% y/y to EUR 1,353mn: Corrugated and Flexible Packaging performed well despite a low pricing environment. UFP had a tough year as expected, while Engineered Materials remains a drag on Group ROCE. Impact on EBITDA from planned shuts was...
by Sean Ungerer | Feb 24, 2021 | Forestry and Paper
Slow start for pulp as China returns from CNY: With the futures prices and trading volumes remaining high after the CNY, the Illim Group has announced a USD 90/t increase for softwood (to USD 880/t) and USD 120/t for hardwood (to USD 700/t). Further hikes on the cards...
