Near-term outlook


Estimated in January–December  2020 Results release

The duration of the coronavirus pandemic and the scope of its negative impact on the world economy and on Metsä Board’s business operations continue to be difficult to estimate. 

Metsä Board’s paperboard deliveries in January–March 2021 are expected to grow from the delivery volumes of October–December 2020 (441,000 tonnes).

The prices of white kraftliner in local currencies are expected to increase slightly, while the prices of folding boxboard are expected to remain stable.

No significant annual maintenance shutdowns at mills are set to take place in January–March 2021. 
Demand for long-fibre pulp will be supported by in-creased economic activity, particularly in Asia. Supply has recently reduced due to producers’ annual mainte-nance shutdowns, the production curtailments an-nounced by some parties and a shortage of containers in the traffic between Europe and Asia. The improved market situation in Asia has reflected to Europe and market pulp prices are increasing. 

Exchange rates, accounting for the effect of hedging, in January–March 2021 will have a negative impact on results compared to October–December 2020 and a negative impact on results compared to January–March  2020. 

Energy costs are expected to increase in January–March. The other production costs of paperboard and pulp are expected to remain fairly stable.