Brief: Metsä Board Sees Weak Near-Term Paperboard Sales

Metsa Board Oyj

26/10/2023 10:19

Oct 26 (Reuters) - Metsa Board Oyj  METSB.HE :
    * METSÄ BOARD'S COMPARABLE OPERATING RESULT IN
JANUARY-SEPTEMBER
2023 WAS EUR 121 MILLION
    * DEMAND FOR FRESH FIBRE PAPERBOARDS CONTINUES TO BE
AFFECTED BY A
DECLINE IN DEMAND FOR CONSUMER PRODUCTS
    * AVERAGE SALES PRICE OF PAPERBOARDS DECREASED SLIGHTLY
COMPARED
TO PREVIOUS QUARTER
    * GLOBAL MARKET ENVIRONMENT WILL REMAIN UNCERTAIN, AND
OUTLOOK FOR
NEAR-TERM DEVELOPMENT OF PAPERBOARD SALES CONTINUES TO BE WEAK
    * PRODUCTION VOLUMES REMAINED WELL BELOW CAPACITY LEVELS
    * SINCE SUMMER, DEMAND FOR MARKET PULP IN CHINA HAS BEEN AT
A GOOD
LEVEL, AND PRICES HAVE INCREASED
    * IN CHINA, DEMAND FOR MARKET PULP HAS BEEN BETTER THAN IN
EUROPE,
AND IT IS EXPECTED TO REMAIN STABLE IN LAST QUARTER
    * IN EUROPE, DEMAND CONTINUES TO BE CONSTRAINED DUE TO MAJOR
PRODUCTION SHUTDOWNS BY PAPER AND PAPERBOARD PRODUCERS
    * IN EUROPE, DEMAND IS EXPECTED TO REMAIN BELOW NORMAL
    * MARKET PRICES FOR PULP (PIX) ARE EXPECTED TO INCREASE IN
LAST
QUARTER

Source text for Eikon:  ID:nWkr4r2T76 
Further company coverage:  METSB.HE 

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