Apr 2020

Pulp Capacity & Price Changes

• Latin American producers, including Suzano and Eldorado, announced price hike of +US$30/tonne for hardwood pulp in Europe, North America and Asia regions. [RISI, Apr 2020]
• Hardwood pulp price hike is supported by ongoing tissue-driven demand and also, tissue producer(s) are using more kraft pulp than recycled fiber/paper. (Internal, April 2020)
• Pulp inventory beginning to normalise at major ports, where both Europe and China port inventory are reduced to 1.3 million ton level. [Europulp and Internal, Apr 2020]

Paper Capacity & Price Changes

• On 20 April, Indian government loosened restrictions that allow most local paper and board mills to resume production. However, due to the limitation in the movement of people and goods (logistic) – some local mill did not restart or cease production right after the restart. (RISI, April 2020)
• By end April, more than 800kt of global UWF supply has being lost due to COVID-19 related downtime, curtailment and lockdown. More downtime is expected in North America and Europe in Q2 2020. (Internal, April 2020)