The Perfect Storm: FX, Shipping Rates, Oil Prices

The Perfect Storm: FX, Shipping Rates, Oil Prices and the Pulp and Paper Industry

October, 2016

Ming Tan, Product Manager and Analyst, Fisher International

There is a storm gathering on the horizon and it has the potential to hit U.S. shores with disruptive effect. The storm’s winds are caused by the dramatic change in the cost of trade that has occurred in the last fifteen months. It is, in fact, a “perfect storm” in its potential effect on U.S. paper manufacturers. A perfect storm requires three coinciding forces that reinforce each other. In this case, they are a glut of ships, low energy costs, and a strong U.S. dollar…

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