Suzano to hike pulp prices from October (updated)
UPDATE 1-Suzano to hike pulp prices from October Updates with Suzano's confirmation in the lead paragraph, and bullet 1, context in bullet 2 and shares move in bullet 3
SAO PAULO, Sept 22 (Reuters) - Brazilian pulp maker Suzano SUZB3.SA will increase pulp prices in October by $50 per metric ton in Europe and the Americas, and by $20 per ton in Asia, the company said on Tuesday, confirming a previous report by Reuters.
The increase in Europe will leave prices in the region at $1,360 per ton.
Suzano's price hike for Asia follows a previous increase this month, which was the first one implemented by the company for the region since April.
Shares in Suzano were up some 2.4% in the afternoon, one of the main gains among stocks from Brazil's benchmark equity index Bovespa .BVSP, which was up about 0.4%.
(Reporting by Alberto Alerigi Jr.; Writing by Andre Romani; Editing by Chris Reese and Iñigo Alexander)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
Recent news on Suzano SA
See all newsSuzano to hike pulp prices from October (updated)
Suzano to hike pulp prices from October, source says
Brief: Suzano agrees to buy 10% stake in greenfield port terminals project in Brazil
Suzano to hike pulp prices in Asia for first time since April, source says
Brazil's Suzano sees stronger pulp demand in H2, as Asia demand picks up