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Ence (+ 7%) extends its rally after ensuring the sale of its production throughout the year

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On (+ 7.46%) still sweet. The title chains with this Friday two sessions of strong increases in which accumulates a rally of 13%. A percentage that falls to 8% if we consider the beginning of the year. The action is also presenting a strong volume of negotiation and everything, after announcing that it has already secured the sale of all its production in 2020 … and we are still in January.

Most of the sales agreements reached are destined for Europe, a market that offers the highest sales margins and in which Ence has strong competitive logistic and service advantages.

As highlighted by the company chaired by Ignacio Colmenares, the success of the closing of the sales of the firm is based on the high quality of its cellulose, as well as on the flexibility of production, which makes possible a greater adaptation to the needs of the paper companies.

In addition, the logistical capacity of the company and its proximity to European customers allows Ence to benefit from a 'just in time' service strategy that favors its solid penetration in the continent.

From a technical aspect, the analyst of Bolsamanía J.M. Rodriguez wonders if this will be "the good" of Ence. In turn, remember that "the most important resistance at this time is in the 4.07 euros." Finally, he concludes by emphasizing that "since October 2018, their titles continue to move within an impeccable bearish channel of books, manuals".

. (tagsToTranslate) Ence (t) (+ 7%) (t) extend (t) rally (t) after (t) ensure (t) sale (t) production (t) all (t) year (t) Category: All (t) Category: Market Report (t) Category: Company News (t) Category: Others (t) Category: Pulses (t) Category: Market Pulse (t) Category: Customers light (t) Category: Sectorial: Non- Energy Minerals



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