Market News of Note

Sharply rising input costs, particularly relevant to pulp and energy in combination with very high freight rates due to global logistic constraints make price increases unavoidable.

SCA increases the prices on white and brown kraftliner in Europe by €50 per tonne. The new price is valid from April 1, 2021.

Sun Chemical will increase prices across a broad portfolio of its packaging and commercial sheetfed inks, coatings, and adhesives in North America (also EMEA and Latin America), effective March 15, 2021.

Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after March 1, 2021.

Metsä Board, part of Metsä Group, announced on 22 January 2021 its plan to strengthen its position as Europe's leading producer of folding boxboard by increasing production capacity.

S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index.

The increases will be applied individually, and depending on product category, effective for shipments beginning on February 22, 2021.

Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning March 1, 2021.

Two years after it was closed because of poor market conditions, the sawmill in Ignace, Ont., should be up and running in February.

The price increase is necessary to offset the continuous and relevant increase in manufacturing and transport costs and to restore our profitability. The price increase is effective immediately.

The Sussex-based company cited "volume declines" for closing the plants in Oklahoma City; Nashville, Tennessee; and Fernley, Nevada.

Due to significantly greater than expected demand in tissue, strong operating performance, and favorable cost trends, the company now expects Adjusted EBITDA for the fourth quarter of 2020 to be in the range of $71 to $76 million.

SCA increases the price on bleached softwood kraft pulp, NBSK, to $ 960 per tonne.

Sonoco-Alcore S.a.r.l. announced it will raise prices for paper-based tubes and cores by 7%. The increases will be applied individually and depending on product category, effective from shipments beginning on 18 January 2021.

Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe to $960, effective 1 January 2021.

Sonoco has announced it is increasing prices for all rigid paper containers and closures sold in North America by 5 percent, effective with shipments on, and after, January 15, 2021.

The U.S. Commerce Department has decided to lower the 20.2 percent duties it has been applying to most Canadian softwood exports to 8.9 percent as part of its annual review of the rates.

The price will increase US$20/metric tonne effective with shipments on or after January 1, 2021 and a second US$20/metric tonne increase will be implemented with shipments on or after February 1, 2021.

Wooden buildings are on the rise in the US and Stora Enso is entering the market with its cross laminated timber (CLT) product complying with the International Building Code® (IBS) that is necessary for the US American market as of 2021.

Lecta will increase its prices between 3-5%, for new orders with a delivery date on and after January 4th, 2021.

Sappi North America announces a transactional price increase of 3.5% to 5% on new and unconfirmed orders that book with a confirmed delivery date on or after Monday, January 4, 2021 on the following products: • McCoy Web • Opus Web • Somerset Web • Flo Web.

Kotkamills, a manufacturer of fully recyclable food service board, is currently exploring the possibility of establishing its own sales office in the North America. The launch of production in the still growing North American food packaging market is also being explored.

Stora Enso has decided to start using a valuation method for its forest assets in the Nordics based on market transaction data and change the accounting policy from the fourth quarter of 2020 onwards. Preliminary estimations, based on transactions in those areas in which Stora Enso has forest land, indicate that the value of the Group's forest assets, including leased land, will be between EUR 6.5 billion and EUR 7.0 billion, compared with the end of Q3/2020 book value of EUR 5.4 billion.

The fourth sheeting line at the UPM Kymi paper mill started full production at the end of October, strengthening UPM's position on the market for graphic fine paper sheets.

Effective with all orders shipping on or after November 1, 2020, Verso Corporation is increasing the transaction price of all pulp products by $30.00 per metric tonne.