Q2 2023 Energy and NaOH Market Prices Analysis

In 2023, fiber and pulp prices oscillated in a rather narrow range, but with a downward trend Fiber prices in China USD/kg, excl. VAT Viscose Cotton Dissolving hardwood pulp 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 1/17 1/18 SOURCE: CCFG; Cotlook; ICAC www.lenzing.com 1/19 1/20 1/21 1/22 1/23 -28% vs. 07/22 -3% vs. 03/23 -21% vs. 07/22 -7% vs. 03/23 Viscose • Chinese VSF prices followed the declining DWP price from early May Cotton ⚫ The price volatility as well as the stocks built up last year at high prices remain challenging for cotton buyers Dissolving hardwood pulp DWP started to decline early May amid dwindling paper pulp prices -31% vs. 07/22 -9% vs. 03/23 1 August 2023 - 8 Lenzing Innovative by nature

View entire presentation