Stock Exchange: Forest companies opened up a brisk rise – Suzano raised prices

The Helsinki Stock Exchange opened up on a quiet news day. The general index was quoted 0.5 % with a plus 9946 points.

In the most traded shares, forest companies were brisk. UPM had risen by 3.0 percent and Stora Enso had risen by 3.7 percent. Nokia in turn was 1.6 percent by plus

OP’s morning review estimated that the background is a significant increase in pulp prices by the world’s largest pulp producer, Suzano, a Brazilian.

“Suzano raises the price of pulp (bek, eucalyptus pulp) in all markets in February. In the Chinese market, the price is raised by $ 20 per tonne (~ four percent) and in Europe and North America for $ 60. In Europe, $ 60 corresponds to an increase of six percent compared to the current listing price and in North America, respectively, an increase of about ten percent to the spot price of the market market, ”the morning review reported.

According to OP, the recent news flow and demand-supply of the pulp market, according to a known balance, the market situation will not allow significant price increases in the coming months.

Inderes has raised Sitowisen The target price of € 2.70 from the previous EUR 2.50, but the reduction recommendation remains unchanged.

OP has raised Nokian Tires Recommendation for buying level from the previous more level, and the target price will remain at EUR 9.50.

OP has fallen Mandatum Recommendation for the Add-level from the previous buy-in, but the target price has risen to EUR 4.90 from the previous EUR 4.80.

OP has fallen Fortum The target price to EUR 15.00 from the previous EUR 16.00, but the more recommendation remains unchanged.