North America

UK’s Drax to acquire Canadian wood pellet producer Pinnacle

UK utility Drax has signed an agreement to acquire Canadian wood pellet producer Pinnacle Renewable Energy for C$385mn (£226mn [...]

China: Prices of imported lumber at main timber distribution markets in January 2021

This index contains the latest update (January 2021) for prices of lumber from three major timber distribution markets in China [...]

Interfor eyes growth by acquisition as lumber prices lift Q4/2020 profits

The CEO of Interfor Corp. says profits from strong lumber markets mean the company is well-positioned to add to [...]

World furniture consumption is estimated to decrease by -10% in 2020

Covid-19 has severely impacted global furniture trade growth – yet recovery is imminent, reports Milan’s Centre for Industrial Studies [...]

Forecast: US softwood lumber market evolution in 2021-2022

According to the Random Lengths Framing Lumber Composite Index, the price of softwood lumber in the United States has soared [...]

North American lumber prices rebound as confusion continues among players

Industry players in softwood lumber products across North America questioned themselves, and each other, for understanding on what was happening [...]

Hot 2021 start for the North American lumber market

We’re just a few weeks into a new year but in the North American softwood lumber market, 2021 is [...]

West Fraser completes acquisition of Norbord

West Fraser Timber Co. Ltd. shares closed 4% higher Monday (up $3.24 per share) on the news that it [...]

China: Container shortage impacting prices of timber imports

The availability of shipping containers and disruptions to shipping schedules is impacting the flow of Chinese wood product imports.   [...]

North American softwood lumber prices correct downward significantly

After popping up by a sizeable degree in the first full work week of 2021, last week benchmark softwood lumber [...]