Q1 2021 Ence Energia y Celulosa SA Earnings Call Transcript
Good afternoon, ladies and gentlemen. Welcome to the ENCE First Quarter 2021 Results Presentation.
I now hand over to Mr. Ignacio de Colmenares, Executive Chairman; and Alfredo Avello, CFO.
Gentlemen, please go ahead.
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Good afternoon, ladies and gentlemen. Thank you for joining ENCE's First Quarter 2021 Results Conference Call. Our CFO, Alfredo Avello; and our Head of IR, Alberto Valdes, are also connected. After the presentation, we will be pleased to answer any questions you may have.
Let's start in Slide #3, with the main highlights of our presentation. Pulp prices are rapidly recovering after 1 year at minimum levels, driven by a tight supply-and-demand balance. European gross hardwood pulp prices currently stands at $936 per tonne. Additional gross price increases are expected in Europe to match current net prices in China. $1,090 per tonne has been already announced for May.
As expected, pulp business
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