Coronavirus pandemic to limit price recovery in the global forest products industry, says Moody’s

Coronavirus pandemic to limit price recovery in the global forest products industry, says Moody’s
The coronavirus pandemic is pressuring global demand and the oversupply across many regions will either limit price recovery or drive prices for most grades lower.    Moody’s Investors Service’s outlook for the global paper, packaging and forest products industry remains negative in a newly updated report of its expectations for the next 12 months.    The credit rating agency says it expects the industry’s global operating income will decline four to seven per cent over the next 12 months.    A negative industry outlook indicates that the firm ...

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