Tuesday, November 22, 2016

EMERGING MARKETS-Brazil shares up as pulp producers, steelmakers rally

By Bruno Federowski

SAO PAULO, Nov 22 (Reuters) - Brazilian stocks rose on

Tuesday as hopes of higher prices of basic products lifted

shares of miners, steelmakers and pulp producers.

Brazil's benchmark Bovespa stock index was 2.2

percent higher, rising for the third straight day.

Preferred shares of Suzano Papel e Celulose SA

led the gains after the company agreed to increase prices of its

pulp exports to China by 3.8 percent beginning in December.



Rival Fibria Celulose SA la

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