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...
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...
