Forestry & Paper: Recovered Paper Outlook
Key message: Quantum of the fibre gap depends on how comfortable China is with rising containerboard imports.
Forestry & Paper Weekly Industry Insights
Key message: Bracell pulp/DWP expansion bigger than expected. China containerboard producers respond to waste paper ban by increasing wood pulp and recycled pulp capacity.
Mondi:Q3 20A Trading Update
Key message: Containerboard dynamics favourable in the ST. UFP demand rebounding, but still down. Engineered Materials remains a drag on the Group driving a restructuring.
Global Dissolving Wood Pulp (DWP)
We hosted Hawkins Wright last week for insights into their outlook for global DWP. Recording and slides available upon request.
Global Paper Pulp
We hosted Hawkins Wright last week for insights into the outlook for global paper pulp. Recording and slides available upon request.
China presses stop button on RCP imports
Key message: YTD recovered paper (RCP) imports down 47%, while recycled pulp imports are now up 164%. China stops buying from the US and Europe, while Other Asia waiting for prices to drop.
China recovered paper (RCP) ban update
Key message: RCP trade flows already shifted and capital allocation strategies mixed amongst top Chinese containerboard producers. Latest import permit for 711kt and only a further 100kt expected. We are attending a RISI Asian Conference this week for further insights.
Forestry & Paper Weekly Industry Insights
Key message: YTD European corrugated performance mixed due to tourism, or rather the lack thereof.
UPM: 2020 Capital Markets Day
Key message: Spearheads of growth led by sustainability with clear capital allocation framework and industry leading balance sheet.
DS Smith: European Packaging Insights
Key message: Limited downside for testliner prices from current levels, but further pressure expected on OCC prices. Underlying demand robust with export markets strong.