GREY:FTPLF - Post by User
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sculpin2on Nov 27, 2019 5:16pm
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Pricing below cash cost of most global supply
Pricing below cash cost of most global supplyhttps://www.businesslive.co.za/bd/companies/industrials/2019-11-14-sappi-freezes-dividends-as-its-market-shrinks/ Sappi said dissolving wood pulp prices had fallen 32% to a record low of $638 per ton, which is $306 per ton below that of a year ago. “We believe the current pricing is below the cash cost of production for a significant proportion of global supply and is therefore unsustainable over any prolonged period,” Sappi said.