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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (46014)	1/30/2009 10:23:16 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217801

recommendation: gobsofgold, pilesofplatinum, stacksofsilver just in in-tray 01/29/2009 05:22 PM RICHES AT THE NORTH POLE Russia Unveils Aggressive Arctic Plans spiegel.de;

To: Chas. who wrote (46014)	8/6/2009 2:26:05 PM
From: elmatador	Respond to of 217801

VCP Falls on Concern China to Slow Pulp Purchases (Update1) Share \| Email \| Print \| A A A By Paulo Winterstein Aug. 5 (Bloomberg) -- Votorantim Celulose & Papel SA and Aracruz Celulose SA, the companies joining to form the world’s biggest supplier to paper companies, fell to the lowest in more than a week on concern China may slow its purchases of pulp after taking advantage of low prices to restock. VCP, as the Sao Paulo-based company is known, lost 1.5 percent to 26.45 reais in Sao Paulo trading. Aracruz, which is being taken over by VCP, slid 1.7 percent to 3.57 reais. “The Chinese may have been making strategic buys on low prices to recover stockpiles,” said Francisco Schumacher, who covers Aracruz as an analyst at Raymond James & Associates Inc. in Buenos Aires. “There’s a risk that China will slow purchases as prices go higher, and that capacity utilization will increase” as idled factories resume production, he said. Short-fiber pulp prices have climbed 10 percent after reaching a low in April, while long-fiber pulp has gained 14 percent, according to Foex Indexes Ltd., a Helsinki-based company that tracks pulp and paper prices. Klabin SA, Latin America’s biggest paper maker, rose for a fifth day, surging 6.6 percent to 3.89 reais. The maker of cardboard, kraft paper and bags for industries such as cement has lagged pulpmakers and the Bovespa index of most-traded stocks. The Sao Paulo-based company has gained 18 percent this year, compared with a 50 percent jump in the index. VCP and Aracruz are both up more than 43 percent. “At some point investors saw that the stock was lagging,” said Luiz Otavio Broad, an analyst at Agora Corretora in Rio de Janeiro. “They sell paper for packaging, so investors are betting on a recovery of gross domestic product in Brazil and globally” in the second half of this year, he said in a phone interview. To contact the reporter on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net. Last Updated: August 5, 2009 16:36 EDT