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- Pulp-producer Suzano SA is considering pricing its China sales in yuan, its CEO told Bloomberg.
- China is the company's largest market, accounting for 43% of purchases.
- This may signal further de-dollarization as the dollar is the top currency in commodity markets.
Brazilian company Suzano SA is considering deals with China priced in the yuan, signaling that some commodity markets may be joining the shift away from the dollar.
The largest hardwood pulp producer in the world, Suzano sells 43% of its product to China. According to CEO Walter Schalka, smaller customers in the country are requiring that deals are transacted in yuan.