FORESTRY & PAPER: Industry Insights
Key message: Pulp, Paper & Packaging end 2021 in the green. Good start to the year for Graphic Paper & containerboard sets new highs.
FORESTRY & PAPER: Textile Fibre Insights
Key message: Cotton, polyester & VSF start the year well. VSF inventory days down to 22 & average op. rate improves to 79%. VSF theoretical profit remains in the red at -USD 118/t (VSF/DWP spread +5% YTD). Spot DWP still USD 905/t.
F&P: Industry Insights
Key message: Pulp prices start to rise in China, while European prices finally to ease. Graphic Paper prices continue to improve and the kraftliner prices reaches a new record high.
F&P: Textiles Fibre Insights
Key message: Cotton and polyester improve, while VSF and DWP under further pressure. VSF inventory days up to 27.5, while the average op. rate declines to 76%. VSF theoretical profit improves but still firmly in the red at -USD 68/t (VSF/DWP spread +7% YTD). Spot DWP is now USD 905/t.
F&P: Industry Insights
Key message: Klabin expects kraftliner prices to hold in 2022 and sees improvement in pulp demand in China.
F&P: Textile Fibre Insights
Key message: Textiles under further pressure. VSF inventory days up to 26.5, while the average op. rate improves to 77%. VSF theoretical profit firmly in the red at -USD 85/t (VSF/DWP spread +7% YTD). Spot DWP is now USD 910/t.
F&P: Recovered Paper Insights from the 2021 ICC
Key message: Global OCC markets have been strong during 2020/21. With the recycled containerboard share of global supply set to increase, coupled with insufficient fresh fibre entering the system, we expect OCC prices to remain elevated and accordingly support containerboard prices.
FORESTRY & PAPER: Industry Insights
Key message: Pulp prices stable but EUR/USD drives Europe pulp up 1% w/w. Graphic Paper grades up 1-2% and containerboard prices takes a breather.
FORESTRY & PAPER: Textiles Fibre Update
Key message: Cotton, VSF and DWP under further pressure. VSF inventory days up to 25.0, while the average operating improves to 72%. VSF/DWP spread is up 21% YTD and VSF theoretical profit is down to USD 28/t.
FORESTRY & PAPER: Industry Update
Key message: Pulp prices stable but EUR/USD drives Europe pulp up 2% w/w. All Graphic Paper grades up 1-2% w/w and European CWF and UWF shipments up 20% and 9%, respectively in September. Containerboard reaches a new high, while OCC takes a breather.