The world’s largest producer of eucalyptus pulp, Suzano is applying a price increase of US$ 20 per ton in China. The readjustment, effective immediately, is the first for the country in more than six months, according to market sources. The company confirmed the information.
According to a source, the measure was possible due to the resumption of demand in China with the start of normalization of operations in the paper mills, while fiber shipments, especially from Brazil and Indonesia, continue to suffer delays due to logistical bottlenecks.
Last week, the net price of short fiber traded on the Chinese market was US$ 551 per ton, against almost US$ 780 between April and May. In a few weeks in the middle of the year, the drop reached US$ 150. The last increase in the Chinese market, of US$ 60, was applied from April, to US$ 780 per ton.
The readjustment is the first upward movement this semester, after a strong price correction in China between mid-June and August – in Europe and North America, prices remained at healthy levels.