Brazil's Suzano to raise pulp prices by USD 50/tonne in Americas and Europe, according to sources
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Brazil's Suzano to raise pulp prices by USD 50/tonne in Americas and Europe, according to sources
European Closes: Euro Stoxx 50 -2.14% at 5,493, Dax 40 -2.23% at 22,343, FTSE 100 -1.57% at 9,906, CAC 40 -1.82% at 7,666, FTSE MIB -1.94% at 42,854, IBEX 35 -1.28% at 16,689, PSI -2.13% at 8,756, SMI -1.22% at 12,326, AEX -1.64% at 962.
Petrobras (PBR) CEO says they have been able to avoid passing international volatility onto local prices
On the Newsquawk feed at , 20 minutes before this page.
Context
Suzano's decision to increase pulp prices by USD 50/tonne in the Americas and Europe indicates a tightening supply in the pulp market. This move could lead to higher production costs for downstream users, potentially inflating product prices within related sectors and affecting inflation dynamics in those regions. Additionally, watch for impacts on currency flows related to commodity pricing and how this might influence broader market sentiment towards emerging markets, particularly in the USD and EUR.
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