Clarification: Suzano in Brazil announces February eucalyptus pulp price increase for Asia, to US$605/tonne (list)

LOS ANGELES , January 19, 2012 () – Industry Intelligence Editor’s Note: This report has been clarified from its original posting to show that the February price ($605/tonne) is a list price and the January price ($580/tonne) is a net price.

Bleached eucalyptus kraft pulp (BEKP) producer Suzano Papel e Celulose SA in Brazil today announced that its February price in Asia will be US$605 per tonne (list), until further notice.

Suzano’s announced January price is $580/tonne (net).

This is the first known BEKP announcement for February.

Suzano’s January prices also include $790/tonne (list) for the U.S. and $730/tonne (list) for Europe.

The announced prices of Brazil’s Fibria Celulose SA also included $730/tonne for Europe and $580/tonne for China, effective Dec. 1, but the prices didn’t take effect in December. However, there has been some upward BEKP price movement in December/January, at least in Asia. Fibria didn’t announce for North America.

Most other BEKP producers have not formally announced price increases for December or January.

In 2010, Suzano sold 1.6 million tonnes of pulp, with 38.4% going to Europe, 33.5% to Asia, 0.3% to South/Central America, 18.5% to Brazil, and 9.3% to North America, according to the company website. It said Suzano is the second largest producer of eucalyptus pulp in the world and among the 12 largest producers of market pulp.

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