Reported about 1 month ago
Suzano SA, the largest pulp supplier globally, is observing potential stabilization in its business with China, the world's top importer, after a challenging third quarter characterized by a pulp glut that pressured prices. CEO Joao Alberto Abreu noted stable prices and resilient demand recently, which could signal an inflection point. Despite trimming production in response to low prices, the company reported earnings exceeding analyst expectations, benefiting from increased volumes and a favorable exchange rate, leading to a boost in its stock value.
Source: YAHOO