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The Outlook for market pulp
——Oliver Lansdell, Director of Hawkins Wright Ltd

2020-11-04 14:43:54

Mr. Lansdell introduces the market pulp from following four aspects.
Paper and board market review: Mr. Lansdell states this from the global GDP growth and paper and board putput change.
Market pulp demand: Mr. Lansdell forecasts the bleached chemical pulp end-user demand in 2020, in which the tissue takes the largest proportion, and mechanical & news print takes the smallest.
Market pulp supply: Mr. Lansdell states by comparision of global bleached chemical pulp producer and consumer stocks. Besides, bleached paper grade market pulp production, BEKP price and marginal costs are also expressed.
Market outlook: prices have support from currency, season strength in Chinese paper and board market, operation national sword, maintenance shuts and price differentials to favour hardwood pulps over softwood pulps. But headwinds remain, especialy from the economic situation in Europe and North America. Strictural oversupply remains.

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