Suzano Shares Jump Most Since 2024 as Supply Seen Tightening

Shares of Brazil’s Suzano SA, one of the world’s top exporters of pulp, jumped after executives pointed to an expected tightening of global supplies that could support prices of the commodity in the coming months.

The market dynamic is “way better than we had expected for the beginning of the year,” Leonardo Grimaldi, commercial vice president for pulp, said during an earnings call Wednesday. “We don’t believe that this trend is short lived, and we expect that it should continue post February,” he added.