1.   Separately, shares in forestry companies Declined amid forecasts of a steep fall in cellulose prices, analysts said.

2.   Cellulose prices may stabilize if the recent fall in world demand for paper and cardboard is reversed in coming months, traders said.

3.   Research by the brokerage unit of Cruz Blanca SA refuted a report by Munita y Cruzat that cellulose prices are set to decline, according to local press reports.