LatAm Pulp & Paper Pulp Friction: How El Niño Could Squeeze the Supply Chain

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LatAm Pulp & Paper Pulp Friction: How El Niño Could Squeeze the Supply Chain

g heavy rain, flooding and landslide risk across the plantation belt

Softwood

Puerto Esperanza Arauco Misiones (Argentina) Softwood Humid subtropical; above-normal rainfall and flood risk on the Paraná/Uruguay system

Hardwood + Core plantation and mill belt; wetter, stormier winters bring rain, flood, and landslide risks - most exposed

Arauco (Horcones) Arauco Biobío (Chile)

Softwood because most capacity sits here

Core plantation and mill belt; wetter, stormier winters bring rain, flood, and landslide risks - most exposed

Laja CMPC Biobío (Chile) Softwood

because most capacity sits here

Santa Fé CMPC Biobío (Chile) Hardwood

Imperatriz Suzano Northeast (Brazil) Hardwood Drier and hotter; drought stress and wildfire risk to the fiber base; dry conditions ease harvest/haulage

Mucuri Suzano Northeast (Brazil) Hardwood Drier and hotter; drought stress and wildfire risk to the fiber base; dry conditions ease harvest/haulage

Veracel Suzano Northeast (Brazil) Hardwood Drier and hotter; drought stress and wildfire risk to the fiber base; dry conditions ease harvest/haulage

Jambi (Lontar Fire-prone peatlands between the Riau and South Sumatra hotspots; drought elevates peat fire and haze risk to

APP Jambi (Sumatra) Hardwood

Papyrus) the fiber base; low-river-level logistics risk

Strongest dry signal in Sumatra over extensive peat; very high peat fire and haze risk (2015 epicenter); drought

Palembang (OKI) APP South Sumatra Hardwood

stresses the fiber base and process-water supply

Musi (Tanjung Enim Strongest dry signal in Sumatra over extensive peat; very high peat fire and haze risk (2015 epicenter); drought

PT TEL South Sumatra Hardwood

Lestari) stresses the fiber base and process-water supply