Mercer International: Rising Pulp Prices Could Help Price The Stock Higher (Technical Analysis)

Mercer's pulp segment was the main sequential driver of EBITDA improvement in Q1, contributing $36 million to the total $42 million improvement in the quarter. As we see below, there has been a marked improvement in pulp prices over the past two quarters in both the European & North American markets. The Chinese market continues to buck the trend here which may mean that its elevated ongoing level of exports may be distorting the pricing of pulp here to some degree. fabphoto/E+ via Getty Images Intro We wro ...