While Chinese paper companies are actively expanding into overseas markets, the continued rise in raw material import costs is posing new challenges to their export business.

Customs data shows that in February 2026, Brazil exported 0.90 million tons of softwood pulp to China, a month-on-month increase of 76.73% and a year-on-year increase of 24.82%; and 760,300 tons of hardwood pulp, a month-on-month increase of 6.75% and a year-on-year increase of 38.50%. However, along with the increase in supply, price pressure is also becoming increasingly apparent. Overseas pulp mills have a strong desire to raise prices; Suzano has already raised its March hardwood pulp price by $20/ton to approximately $605/ton, an increase of over $100 from the low point in July last year.