by Sean Ungerer | Feb 10, 2021 | Forestry and Paper
Pulp prices in China continue to benefit from the futures market: January tonnage was c.126mt (c.2x the highest monthly volume recorded previously). Fundamentally, demand has been strong in China on the back of robust tissue and ivory board consumption. Additionally,...
by Sean Ungerer | Feb 9, 2021 | Forestry and Paper
Key w/w moves: VSF +2%; polyester +4%; and high-quality cotton liner +5%. VSF prints further gains, despite the onset of the CNY: Despite increases going ahead, most spinners have built up sufficient inventory for now and post the holidays. VSF operating rate drops to...
by Sean Ungerer | Feb 2, 2021 | Forestry and Paper
Sappi share price outperformance driven by a recovery in the global textile fibre supply chain: YTD, Sappi (+29%) has outperformed key graphic paper peers (Stora Enso: -3%; UPM: -2% and Verso: -2%). Further re-rating under way: We have maintained that in order for a...
by Sean Ungerer | Jan 26, 2021 | Forestry and Paper
February likely to see price increases across key HW and SW grades on the back of tightening global supply/demand dynamics: Pulp in China gets a further boost from pulp futures frenzy. The rise in pulp futures has seen higher levels for pulp imports and physical...
by Sean Ungerer | Jan 26, 2021 | Forestry and Paper
Conference call on Thursday: Ahead of the FY 20A conference call on 28 January at 7pm, we note key uncoated woodfree (UWF) insights relevant for Mondi’s paper business.Navigator operated at full capacity from July onwards: This compares to its competitors, which were...
by Sean Ungerer | Jan 25, 2021 | Forestry and Paper
Logistics still being impacted: Second wave of COVID-19 and the approach of the Chinese Lunar New Year impacting logistics, coupled with fewer vehicles available in Zinjiang. VSF operating rate improves slightly to 83%: Plants that cut run rates generally resumed...
