Suzano to Boost Price for Eucalyptus Pulp
Oct. 27, 2009 - Brazilian pulp and paper maker Suzano, in its 3rd quarter 2009 earnings statement, said that it will increase the price for eucalyptus pulp as of November 1 as follows:
- In Europe - from US $650/ton to $700/ton
- In North America - from US $700/ton to $730/ton
- In Asia - from US $640/ton to $660/ton.
- In China - from US $590/ton (net) to $660/ton
In Suzano's Executive Summary (Market Overview), the company said that global market pulp shipments from producers remained stable in the 3Q '09 and were 1.7% and 9.2% higher than 2Q '09 and 3Q '08, respectively.
"The current global demand is a result of the high demand for market pulp in China which, in 3Q '09, was 93.4% higher than in the same period of last year (beginning of the global financial crisis)," Suzano said in its earnings statement. "Additionally, there was a recovery in demand in North America and Western Europe in 3Q '09, in comparison with the two previous quarters."
SOURCE: Suzano Papel e Celulose S.A.