Key message: Pulp prices stable with global pulp producer inventories pointing to healthy supply/demand fundamentals. Graphic Paper in the green with UWF leading gains. Containerboard in the green, while OCC prices remain stable.
Key message: Kraftliner stocks on a “very, very low level”, with further price increases to be realised in Q2/Q3. Spread between Europe & China pulp prices likely to drive European prices higher.
Key message: Cotton jumps 6%, polyester down 1%, while VSF & DWP remains stable. Viscose industry forum next week likely to determine direction of DWP prices.
Key message: Pulp prices stable in China. CWF in the green and further SBS price increases in North America.
Key message: VSF, cotton & polyester all in the red, while DWP remains stable. VSF inventory days mark first decline in over 9 weeks, now at 22.5 days.
Key message: Suzano announces 2.3mt BEK pulp project; Paper Excellence set to acquire Domtar and Klabin confirms phase 2 of PUMA II, favouring boxboard over kraftliner.
Key message: Green shoots for European graphic prices but further pressure from rising pulp prices (+7-8% w/w). US pulp prices now at a 19-year high. Containerboard prices stable, while OCC drops 1% w/w.
Key message: Cotton and polyester in the green, while VSF and DWP stable. VSF inventory days tick up to 24.5.
Key message: EBITDA improving but still down y/y. Strong demand for fibre-based packaging to support pricing momentum, which should help offset cost inflation. Further UWF rationalisation required.
Key message: Results broadly in line with our expectations and thesis intact. Packaging and Specialties performed well, supported by the DWP segment. The European Graphic Paper business continues to weigh on earnings.