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...
by Sean Ungerer | Feb 23, 2021 | Forestry and Paper
Key moves since the Chinese New Year (CNY): Cotton stable, while Polyester and high-end VSF leads fibre gains (both up 13%). Hardwood DWP up 11% vs. China-origin up 10%. VSF prints further gains: Trading mood for VSF remains strong following the CNY. VSF operating...
by Sean Ungerer | Feb 19, 2021 | Forestry and Paper
Further pulp momentum this week, with the US playing some catch-up: Domtar (1.9mtpa of market pulp capacity in the US & Canada) has implemented its third price increase, cumulatively USD 280/t since December last year.Non-integrated Graphic Paper producers further...
by Sean Ungerer | Feb 15, 2021 | Forestry and Paper
Suzano delivered a robust performance: Suzano delivered ahead of promised synergies from the Fibria merger. This coupled with pulp volumes sold up 15% y/y to 10.8mt, helped Suzano print a 50% EBITDA margin.FY 20A cash costs drop 9% y/y, with an outlook for stable cash...
