International Paper Q1 20A Insights
Key message: Strong demand for export containerboard and OCC cost pressure to continue. Unprecedented demand declines for UWF (30-50%).
Metsä Board Q1 20A Insights
Key message: White kraftliner demand healthy and FBB demand stable. Pricing and demand expected to remain stable.
Forestry & Paper Weekly Insights
Key message: Europe’s largest UWF producer takes downtime. Sappi to potentially idle Lanaken. Bleak Grasim VSF update. Third week of OCC increases.
SCA Q1 20A Insights
Key message: European kraftliner demand up 8.5% and inventories down 30% y/y. Further price increases seem likely.
UPM Q1 20A Insights
Key message: A quarter of two tales, record EBIT for Specialty Paper while Paper is under pressure. Strongest balance sheet amongst peers.
Stora Enso Q1 20A Insights
Key message: Volumes in the red across the board. Accelerated structural decline, with graphic paper demand expected to drop by 30%.
Forestry & Paper Weekly Insights
Key message: Second week in a row that OCC jumps more than 15%. This is supportive of containerboard price increases.
Lecta: European CWF and Specialties Insights
Key message: Shift to Specialties continues and the recapitalization of the business has prevented the CWF market from tightening.
DS Smith: European Packaging Insights
Key message from our 1/1 call: Structural changes already seen in terms of purchasing habits and e-commerce due to lock down. Continued focus on maintaining PfR collection in Europe.
Smurfit Kappa: European Packaging
Key message from our 1/1 call with Smurfit Kappa Group: Order books strong, limited disruption to operations and Chinese waste paper ban progresses.