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Tag: prices

NZ sawmills closures amid log shortage and inflated log prices caused by overseas subsidies

04-02-2020
New Zealand, overseas subsidies, softwood, pine, sawmill closures, inflated prices

Sawmills in New Zealand find it hard to stay profitable when overseas competitors can benefit from subsidies, Wood Processors and Manufacturers Association (WPMA), New Zealand’s main timber industry organisation says. The problem is so bad that one day all timber used in New Zealand may have to be imported instead, despite having around two …

Nordic sawmill curtailments continue

11-11-2019
Nordic sawmills, curtailment, lower prices, oversupply, spruce beetle infestation, Berg Timber, Stora Enso, Moelven, Setra, SCA

Nordic sawmillers have reported weaker results and curtailment of production to manage lower prices, oversupply and weakening demand amid a background of uncertain global economic conditions, reported Timber Trades Journal Online. Spruce beetle infestation is also resulting in large amounts of material flooding the market. During the autumn and …

Global and European sawlog prices have fallen over the past two years

27-09-2019
sawlog, prices, global, Europe, America, Austra, Australia, New Zealand, Brazil, Chile

The Global Sawlog Price Index (GSPI) fell for the fifth consecutive quarter in the 2Q/19, reaching a two-year low. Log prices were down on all continents, with the biggest declines occurring in Europe, according to the Wood Resource Quarterly. Plentiful supply from storm-damaged and beetle-infested forests in Central Europe changed the log …

Multi-unit starts to continue dominating building trend in the U.S.

26-09-2019
U.S., housing, wood, timber, demand, supply, multi-unit, multi-family, single-family, housing market, North America, sawmills, wood products, Canadian, British Columbia, wood prices

Multi-unit starts continue to dominate, by a much higher ratio than previously expected, reported Madison’s Lumber Reporter. For several years since the U.S. housing recovery in 2006, economists believed that the ratio of single-family starts would eventually recover to previous levels but the belief has yet to materialise. Instead, there …

Softwood lumber trade was up 5% the first half of 2019 on a worldwide basis, with China reaching record-high imports in the 2Q

17-09-2019
Global lumber trade, softwood, lumber prices, lumber market, China, Russia, Nordic, MENA

GLOBAL SOFTWOOD LUMBER TRADE Demand for lumber in China, the United Kingdom, Egypt and the Netherlands increased this year despite a slowdown in the global economy. Global softwood lumber trade was up just over five per cent year-over-year during the first half of 2019, according to the Wood Resource Quarterly. Of the major importing countries …

Global lumber and timber markets

12-06-2019
Global timber market, global lumber market, prices

Global Lumber Markets • In 2018, global trade of softwood lumber reached the second highest level ever recorded. • The free fall of lumber prices in the US came to a halt in early 2019, and prices might have hit a low for this cycle in January. • Softwood lumber exports from Canada were down 6% year-over year in 2018, with the …

Interfor to reduce production due to falling lumber prices and rising log costs

23-10-2018
Interfor, reduce production, falling lumber prices, rising log costs

Interfor Corporation recently announced plans to temporarily reduce production across its operating platform in the BC Interior in 2018’s fourth quarter due to a combination of declining lumber prices and escalating log costs. The curtailment is expected to reduce production in the region by approximately 20 per cent during the quarter and …