Forestry & Paper: Textiles Fibre Update
Key message: Cotton and polyester in the red, while VSF gains further traction. Hardwood DWP down 1% w/w to USD 940/t. The VSF/DWP spread is now up 26% YTD.
Forestry & Paper: Industry Price Update
Key message: CWF/pulp spread now in the green and European paper producers announce surcharge price increases to compensate for higher energy costs. Containerboard prices gain further traction.
Forestry & Paper: Huhtamäki Q3 21A Insights (Flexible Packaging)
Key message: Top line growth offset by a challenging cost environment. Demand for fibre-based packaging normalized, while Flexible Packaging earnings was hit hard.
Forestry & Paper: Stora Enso Q3 21A Insights
Key message: Strong results with EBITDA up 73% y/y and 9% q/q. Demand for FBB (Sappi read-though) and testliner was slightly weaker, while demand for kraftliner and corrugated (Mondi read-though) was stable. The Paper Segment EBITDA was in the red, impacted by restructuring and higher input costs. Paper demand was slightly stronger q/q (SAP and MNP read-though).
Forestry & Paper: Textiles Fibre Update
Key message: Hardwood DWP drops 5% w/w to USD 950/t, while VSF price is up 10% w/w. This means the VSF/DWP spread is now up 23% YTD.
Forestry & Paper: Industry Price Update
Key message: Pulp prices under further pressure in China. CWF price up 1.4% but CWF margins remain in the red as European pulp price rise further. Kraftliner and testliner up over 2.5% w/w.
Forestry & Paper: Textile Fibres Update
Key message: Spot hardwood DWP drops 4% to USD 960/t, while VSF price is up 15% since 30 September. This means the VSF/DWP spread is now up 14% YTD.
Forestry & Paper: Industry Price Update
Key message: Pulp prices under further pressure in China. UWF price up 1%, while CWF margins further in the red as European pulp price rises. Kraftliner leads containerboard gains for the week, up over 2%.
Forestry & Paper: Mondi Q3 21A Insights
Key message: Strong Q3 21A but Q4 to face headwinds from higher energy costs (EUR30-40mn) and planned shuts (EUR 40mn).
Forestry & Paper: Industry Price Update
Key message: Pulp prices steady but likely to come under pressure. UWF price up 1%, while CWF margins further in the red. Testliner gains further ground as does waste paper.