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拉美纸浆与造纸纸浆月度更新——2026年5月
摩根士丹利· 2026-06-27 19:15
June 26, 2026 02:18 AM GMT LatAm Pulp & Paper | Latin America Hardwood inventories rose to 43 days (+3 days M/M) but remain 5 days below last year's level, while softwood inventories increased to 47 days (+1 day M/M; +3 days Y/Y), remaining at the upper end of the historical range. The sequential inventory build suggests production outpaced shipments during the month, although inventory levels remain well below the 50–55 day levels historically associated with severe oversupply. Global pulp shipments improv ...