We think Brazilian producers are best positioned in a market that is generally under pressure, due to: i) scale; ii) better cost position; and iii) a generally superior operational stability. We expect Chilean producers to catch up as low cost investment matures, while Indonesians can also be well positioned if wood availability remains normalized. Producers in North America, particularly in Canada, and in the Nordics, are at a more challenging position, although Europeans have had some recent tailwinds. On ...

NEW YORK, Jan. 23, 2026 /PRNewswire/ -- American Industrial Partners ("AIP"), a focused industrials investor, today announced that an affiliate of AIP has completed its acquisition of the Global Cellulose Fibers (GCF) business of International Paper (NYSE: IP; LSE: IPC). GCF now operates as an independent company. Headquartered in Memphis, Tennessee, GCF is the leading global producer of high-quality absorbent fluff pulp for a wide range of personal care applications including feminine care, incontinence, i ...

Company Overview - Mercer International Inc. is a global forest products company with operations in Germany, the United States, and Canada [4] - The company has a consolidated annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels [4] Upcoming Financial Results - Mercer International will release its fourth quarter results for the period ending December 31, 2025, on February 12, 2026, after the market closes [1] - A conference call to discuss the results will be hosted by Juan Carlos Bueno, President and CEO, and Richard Short, CFO and Secretary, on February 13, 2026, at 10:00 am ET [1] Conference Call Details - The conference call will be available live over the Internet through a webcast [2] - Participants must register to join the live call and ask questions, with registration available via a specific URL [3] - A replay of the webcast will be archived and accessible through the company's website for those unable to participate live [2]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - Pulp is currently pulled by the trading logic of "strong supply" and "weak demand", lacking a clear short - term direction. The 05 contract is expected to fluctuate in the range of 5400 - 5700 yuan/ton [6] 3. Summary by Relevant Catalogs Pulp Price Data - **Futures Prices**: On January 6, 2026, SP2601 was 5528 yuan/ton with a daily increase of 1.02% and a weekly decrease of 0.65%; SP2609 was 5648 yuan/ton with a daily increase of 1.55% and a weekly decrease of 0.25%; SP2605 was 5612 yuan/ton with a daily increase of 1.48% and a weekly decrease of 0.32% [6] - **Spot Prices**: Coniferous pulp Silver Star was 5600 yuan/ton, Russian Needle was 5400 yuan/ton with no daily or weekly change; Broadleaf pulp Golden was 4720 yuan/ton with a daily increase of 0.43% and a weekly increase of 1.07% [6] - **Foreign Quotes and Import Costs**: For example, Chilean Silver Star's foreign quote increased by 2.94% month - on - month, and its import cost increased by 2.91% month - on - month; Brazilian Goldfish's import cost increased by 3.66% month - on - month [6] Pulp Fundamental Data - **Supply - Side**: In November 2025, the import volume of coniferous pulp was 72.5 tons with a month - on - month increase of 4.92%, and that of broadleaf pulp was 176.5 tons with a month - on - month increase of 33.92%. Suzano announced a full - scale price increase for global broadleaf pulp in January 2026 [6] - **Demand - Side**: Pulp demand has been stable recently. The price of tissue paper has risen slightly, and the prices of other paper products are stable. The production of major wood - pulp paper products is stable [6] - **Inventory - Side**: As of January 4, 2026, the inventory of mainstream pulp ports in China was 199.7 tons, a cumulative increase of 9.1 tons from the previous period, a month - on - month increase of 4.8%. The inventory has shifted to a cumulative trend, ending five consecutive weeks of destocking [6]

Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - Pulp has intense competition between the "strong supply" and "weak demand" narratives recently, and is highly volatile due to market macro funds. It is recommended to wait and see [6] Group 3: Summary by Related Catalogs Pulp Price Data - Futures prices of SP2601, SP2609, and SP2605 on December 31, 2025, were 5460 yuan/ton, 5570 yuan/ton, and 5532 yuan/ton respectively, with daily decreases of 0.66%, 0.61%, and 0.65%, and weekly decreases of 1.66%, 1.59%, and 1.57% [6] - Spot prices of coniferous pulp Silver Star, Russian Needle, and broadleaf pulp Golden were 5600 yuan/ton, 5400 yuan/ton, and 4700 yuan/ton respectively on December 31, 2025, with the Golden having a daily and weekly increase of 0.64% [6] - Foreign offers of Chilean Silver Star, Brazilian Goldfish, and Chilean Venus were 700 dollars/ton, 560 dollars/ton, and 620 dollars/ton respectively, with monthly increases of 2.94%, 3.70%, and 0.00% [6] - Import costs of Chilean Silver Star, Brazilian Goldfish, and Chilean Venus were 5721 yuan/ton, 4587 yuan/ton, and 5073 yuan/ton respectively, with monthly increases of 2.91%, 3.66%, and 0.00% [6] Pulp Fundamental Data - In November 2025, imports of coniferous pulp were 72.5 tons, a 4.92% increase from October; imports of broadleaf pulp were 176.5 tons, a 33.92% increase from October [6] - The pulp shipment volume to China in November 2025 was 178 thousand tons, a 3.00% increase [6] - National production of broadleaf pulp and chemimechanical pulp in different weeks from November 13 to December 25, 2025, showed certain fluctuations [6] - As of December 25, 2025, pulp port inventory was 190.6 tons, a decrease of 8.7 tons from the previous period, a 4.4% decrease; futures delivery warehouse inventory was 10.1 tons [6] - Production of finished paper such as offset paper, coated paper, tissue paper, and white cardboard in different weeks from November 13 to December 25, 2025, also showed certain fluctuations [6] Supply, Demand, and Inventory - Suzano announced a full - scale price increase for global broadleaf pulp in January 2026, with a 20 - dollar increase in Asia and a 120 - dollar increase in Europe and North America for Golden broadleaf pulp [6] - The demand side remains weak. Among mainstream wood - pulp papers, the price of cultural paper continues to decline, while tissue paper and white cardboard have a slight increase [6] - As of December 25, 2025, the sample inventory of China's main pulp ports was 190.6 tons, showing a de - stocking trend for five consecutive weeks [6]

ab 25 December 2025 Global Research Global Pulp & Paper P&P Digester: Another US$20/t BEKP price hike in Asia Suzano raised BEKP prices another US$20/t for January in Asia, and US$120/t in Europe and North America. The increase comes on top of the US$20/t announcement on December 15, which our channel checks indicate has been fully implemented, with imported prices rising to the US$550-570/t range. In our view, a few factors are driving this uptrend in prices (i) woodchips prices rising US$30-40/t from July ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The implementation of the new round of price increase letters is good, domestic inventory has been reduced, and the market should be viewed with a bullish bias in a volatile manner [5][6] 3. Summary by Relevant Catalog Paper Pulp Price Data - **Futures Prices**: On December 26, 2025, SP2601 was at 5564 yuan/ton with a 0.58% daily and 2.47% weekly increase; SP2609 was at 5662 yuan/ton with a 0.21% daily and 2.54% weekly increase; SP2605 was at 5630 yuan/ton with a 0.46% daily and 2.25% weekly increase [6] - **Spot Prices**: Coniferous pulp silver star was at 5600 yuan/ton, coniferous pulp Russian needle was at 5400 yuan/ton, and broadleaf pulp Golden was at 4670 yuan/ton, with no daily change for silver star and Russian needle, and a 0.43% weekly increase for Golden [6] - **Foreign Quotes**: Chilean silver star was at 700 dollars/ton with a 2.94% monthly increase, Japanese Meigeng was at 580 dollars/ton with a 3.57% monthly increase, and Chilean Venus was at 620 dollars/ton with no change [6] - **Import Costs**: Chilean silver star was at 5721 yuan/ton with a 2.91% monthly increase, Brazilian Goldfish was at 4749 yuan/ton with a 3.53% monthly increase, and Chilean Venus was at 5073 yuan/ton with no change [6] Paper Pulp Fundamental Data - **Supply**: In November 2025, the import volume of coniferous pulp was 72.5 tons and broadleaf pulp was 176.5 tons, with monthly increases of 4.92% and 33.92% respectively. Suzano announced a global price increase for broadleaf pulp in January 2026, with a 20 - dollar increase in Asia and a 120 - dollar increase in Europe and North America for Goldfish broadleaf pulp [6] - **Inventory**: As of December 25, 2025, the sample inventory of China's major pulp ports was 190.6 tons, a decrease of 8.7 tons from the previous period, a 4.4% decrease. The inventory has been decreasing for five consecutive weeks [6] - **Demand**: The demand side remains weak. Among mainstream wood - pulp papers, the price of cultural paper continues to decline, while the prices of tissue paper and white cardboard have slightly increased [6]

Core Insights - Mercer International Inc. has commenced operation of a carbon dioxide (CO₂) capture demonstration unit at its Mercer Peace River pulp mill in Alberta, in collaboration with Svante Technologies Inc. [1][2] - The pilot project aims to evaluate Svante's solid sorbent carbon capture technology on biogenic CO₂ emissions from the mill's recovery boiler flue gas [1][3] - The demonstration is expected to last six months and will generate data to support future engineering phases and long-term planning for carbon capture technology [2][3] Company Overview - Mercer International Inc. is a global forest products company with operations in Germany, the U.S., and Canada [4] - The company has a consolidated annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, 210 thousand cubic meters of CLT, 45 thousand cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels [4]

Core Points - B&W Canada has secured a contract exceeding $10 million from Irving Pulp & Paper Limited for the installation of boiler equipment [1] Company Summary - B&W Canada is involved in the installation of boiler equipment, indicating a focus on the energy and manufacturing sectors [1] - The contract with Irving Pulp & Paper Limited highlights B&W Canada's capabilities and market presence in the pulp and paper industry [1] Industry Summary - The pulp and paper industry is actively investing in equipment upgrades, as evidenced by the significant contract awarded to B&W Canada [1] - The installation of boiler equipment is crucial for operational efficiency and sustainability in the pulp and paper sector [1]

Core Viewpoint - Suzano, the world's largest pulp producer, has launched a new fluff pulp production line in Brazil, significantly increasing its production capacity [1] Group 1: Investment and Capacity Expansion - The new fluff pulp production line at the Limeira unit represents an investment of R$490 million [1] - This investment increases Suzano's total fluff pulp production capacity by over 400%, from 100,000 tonnes to 440,000 tonnes per year [1] Group 2: Production Flexibility - The project involved converting the existing pulp line at the Limeira unit into a flexible machine [1] - The new machine is capable of producing both Eucafluff® and market pulp [1]