by Sean Ungerer | Oct 6, 2020 | Forestry and Paper
Global Printing & Board (P&B) production is expected to decline by 7% in CY 20e: This equates to a decline of 27mt, in line with the global financial crisis. Graphic Paper to be hit the hardest (-13%), followed by Packaging (-7%), while Tissue demand (+4%) is...
by Sean Ungerer | Oct 2, 2020 | Forestry and Paper
Chinese RCP buying now mostly done: Most of the 2020 import quotas have been filled as RCP from the US and Europe takes up to 45-60 days to reach China.Jan-August 2020 China RCP imports down 47% to 3.8mt: August imports have mimicked the trend seen in 2020 in...
by Sean Ungerer | Sep 23, 2020 | Forestry and Paper
China recovered paper (RCP) ban in a nutshell: In Q3 17A, China notified the WTO of its ban on mixed paper imports effective 1 Jan 2018. In March 2019, China set a strict 0.5% contaminant rule on all other recovered paper imports. In June 2020, the Chinese Ministry of...
by Sean Ungerer | Sep 14, 2020 | Forestry and Paper
Week ahead: 1/1 calls with Valmet, Stora Enso, International Paper and Mondi. European corrugated shipments mixed for first seven months due to tourism or lack thereof: Germany (+0.3%) and Austria (+0.1%), while Poland, Czech Republic, Russia and Turkey have...
by Sean Ungerer | Sep 11, 2020 | Forestry and Paper
Transformation journey since 2009: In 2009, sales comprised 60% Communication Papers (EBIT margin: 5%) and in 2019, Growing businesses are now 60% (EBIT margin: 16%). This has been driven by fixing the balance sheet, driving performance and preparing for growth. Focus...
by Sean Ungerer | Sep 8, 2020 | Forestry and Paper
DS Smith trading update this morning (from 1 May 2020): Positive corrugated volume growth in August, and dividends to resume. August sees positive volume growth of 1-2% (like for like y/y): Good news for DS Smith as they lagged both Mondi (box volumes: +4.8%) and...
