The shares of Klabin (KLBN11) and Suzano (SUZB3) registered lows of R$22.92 and R$58.92, respectively, this Monday (29). The movement occurs in light of the devaluation of the dollar in cash this afternoon, in light of the light appetite for risky assets abroad.
At 1:53 pm, the currency fell 0.14%, quoted at R$5.109. Klabin shares are trading down 0.69%, quoted at R$22.93. Those from Suzano are falling 1.06%, quoted at R$58.95.
Given this scenario, the market is not pricing in the prospects of an eventual increase in the price of cellulose. According to Ajax Asset partner and analyst Rafael Passos, producers continue to announce new increases for May orders, given the tightness in the global cellulose market.
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“In addition, the industrial strike in Finland continues, which favors these price adjustments”, says Passos.
At this moment, the Ibovespa advances 0.39%, to 127,023.22 points.
*With information from Broadcast
Tags: Dollar puts pressure Klabin KLBN11 Suzano SUZB3 shares touch lows
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