Prices for hardwood chips traded internationally increased 1.3%
Prices for hardwood chips traded overseas increased 1.3% in January,2015, but were still 5.8% lower than in early 2014, according to theFOEX PIX-HCG Index Prices for hardwood chip shipped over the Pacific Rim and the Atlantic to markets in Asia and Europe have trended downward for more than three years. However, inDecember 2014 and January […]
Warning Bells – Logs export to China may slow down dramatically
Log exports to China are expected to slow down after surging in recent years. The red hot Chinese demand for U.S. timber is beginning to cool due to overbuilding, according to a forest economist.“While we don’t expect a collapse in log exports, we expect exports to slow in the next five years,” said Rocky Goodnow, […]
Lumber price to go high
Sawlog prices trended upward throughout the world in the 4Q 2013 and the Global Sawlog Price Index (GSPI) rose to US-$ 88.78/m³. This was the highest level in over two years and the third highest price on record since 1995, reports Wood Resource Quarterly (WRQ). Upward price movements the past year have been the highest […]
West Fraser and Canfor closed mills in BC- Pine Beatle effects supplies
Forestry giants Canfor and West Fraser announced Thursday they will close two Interior sawmills next year because the pine beetle epidemic has gutted their timber supply. The closures, which also involve a swap of timber harvesting rights between the two companies, will result in 434 job losses in the communities of Quesnel and Houston. “Closing […]
China is back in timber business
According to statistics from China customs, about 25 million cubic meters logs were imported to China during January-July, 2013 grew by 11.34% over the same period of last year and the total value reached over USD 5 billion and gained an 11.34% year-on-year growth. At the same time, China imported more than 13 million cubic […]
Spain and Portgal reduced imports from Uruguay
The pulp industry from Spain and Portugal decided in 2012 to rely more on the domestic sources of wood fiber rather than on imports. The main reasons are the relatively costly wood fiber from Latin America and the fact that pulp mills have paid less for pulp logs in 2012, which resulted in much lower […]