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US lumber prices rise at the end of March

Prices of framing lumber held to a firm to upward path, as more buyers shed expectations for further downside that recently followed the February spike. Many traders reported finishing one of their best first quarters in years, amid a high degree of anxiety that stemmed from the U.S.-Canada trade issue, timber supply constraints, and transportation issues, among others. A number of traders were out of their offices, and the level of activity surprised many traders.

This Week
Mar 31
Last Week
Mar 24
Year Ago
2016
Random Lengths Framing Lumber Composite Price* $402 $398 $345
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 361 360 309
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 445 442 388
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 372 372 337
Southern Pine (Westside) #2 2x4 R/L 470 467 393
KD Coast Hem-Fir #2&Btr 2x4 R/L 400 395 370
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 625 615 680
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel prices were firm to higher, with most of the upside evident in OSB prices in the West. Sales kicked into high gear in the West on Wednesday, and stayed active through Friday morning. Reported prices in Western Canada posted double-digit increases, and order files were out to the week of April 24 or later. Prices of plywood were mostly flat to slightly higher. In Southern Pine plywood, thicker sheathing panels increased $5, depending on the zone. Activity in western Fir plywood was best late in the week.

(f.o.b. mill prices)

(f.o.b. mill prices) This Week
Mar 31
Last Week
Mar 24
Year Ago
2016
Random Lengths Structural Panel Composite Price* $403 $399 $358
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 365-395 365-395 373-397
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 365-400 365-400 375-400
Western 1/2-inch 4-ply rated sheathing plywood 408 405 365
North Central 7/16-inch Oriented Strand Board 312 308 235
*Weighted average of 11 key items

 

Accsys to build Tricoya wood chip plant in Hull, UK

Accsys announced an agreement to build, operate and finance the world’s first Tricoya® wood chip manufacturing plant in Hull, the UK.

According to the announcement, the Tricoya® project agreements follow Accsys’ strategy which includes increasing its manufacturing capacity and commercialising its proprietary intellectual property in order to generate significantly higher revenue and maximise returns for shareholders.

With the capacity increase Accsys expects to meet demand from the substantial and growing markets for Accoya and Tricoya globally.

Paul Clegg, Chief Executive of Accsys, commented:

“We are delighted to update our shareholders on these two transformational projects to secure new manufacturing capacity for Tricoya® wood elements and additional capacity for Accoya® solid wood. These developments will allow us to take advantage of the growing market opportunity for both Tricoya and Accoya which we believe to be substantial with demand continuing to grow for both products.

Our ongoing relationship with industry leaders, BP, Medite and Solvay Acetow, and new financial backing from BGF, Volantis and RBS, are a strong endorsement of Accsys’ unique expertise and technologies. As a result, we are extremely well placed to capitalise on the significant growth potential for the benefit of our shareholders.

These strategic initiatives are underpinned by strong revenue and demand growth, announced in this morning’s trading update and we are excited about the transformational developments reflected in today’s announcements.”

Earlier International Timber informed that seven members of its sales team visited the Netherlands to participate in a two-day distributor training session on Accoya wood with Accsys Technologies.

About the Accsys Group:

The group comprises the holding company (Accsys Technologies PLC) and four wholly-owned subsidiaries (Titan Wood Limited, Titan Wood B.V., Titan Wood Technology B.V. and Titan Wood Inc.), which operate under the guidance of a group management team.

New record high for globally traded wood chips in 2016

Over the past 15 years, global trade of wood chips has gone up almost 75%, mainly because of major expansion of pulp capacity in China. By far the two largest importing countries are China and Japan, followed by Finland, Sweden and Turkey.

Global trade of wood chips has seen spectacular development the past 15 years with a steady increase of about four percent annually (volumes year-over-year were up 11 of the past 14 years). In 2016, an estimated 35.6 million tons were shipped, predominantly to pulp mills in China and Japan, which can be compared to only 21 million tons 15 years ago. While trade of hardwood chips reached a record high in 2016, shipments of softwood chips have levelled out the past few years with 2016 volumes being slightly lower than the ten-year average.

Japan and China are by far the two dominant consumers of globally traded wood chips. Their dominance is particularly accentuated for hardwood chips, where they imported 84 percent of the world’s total imports in 2016, up from 75 percent in 2007. China has surpassed Japan as the largest importer of chips in the world, and with expansion of pulp capacity on the horizon in China, it is likely that the country will be the number one destination for wood chips for many years to come.

The major sources of hardwood chips for the two dominant importers include (in ranking order in the 4Q/16); Vietnam, Australia, Chile and South Africa. The biggest change on the supply side the past three years has been the sharp increases in hardwood chip shipments from Australia, South Africa, Brazil and Chile, while exports have fallen from Indonesia, Uruguay and Thailand.

About 30% of global chip trade occurs outside of the Pacific Rim with Finland, Sweden and Turkey being the major destinations. The Finnish forest industry has long been reliant on both logs and wood chips from neighboring Russia and the Baltic States. In 2016, Finland imported almost 1.7 million tons of chips to its country’s pulp industry, of which a majority was softwood chips from Russia. Current import volumes are down about 25% from five years ago, partly because of increased availability of domestic chips and higher usage of pulplogs, reports the Wood Resource Quarterly.

The fifth country on the ranking list for chip importers in 2016 is Turkey, which has become a major chip destination in just the past five years. This is the only major country that is not importing wood fiber for the manufacturing of wood pulp. Instead, the imported wood chips are consumed by a large and expanding MDF industry.

FSC has started a new policy for association investigation of the Schweighofer Group

The Forest Stewardship Council (FSC) has started a new policy for association investigation of the Schweighofer Group to determine whether or not the company was involved in violation of Romanian timber measurement standards.

Continue reading "FSC has started a new policy for association investigation of the Schweighofer Group"

Latvia: Exports of wood industry exceeded EUR 2 billion in 2016

The total forest and woodworking industry products export value in Latvia reached the record high of EUR 2.102 billion. This represents a 4.6% increase over 2015. 

The total export value of the Latvian wood and wooden items (excluding matches) came up to EUR 1.794 billion, which is 5% more than in the previous year, when these figures reached EUR 1.709 billion.

The bulk of the Latvian forest and woodworking industry products exports was shipped to the UK, Estonia, and Germany.

Export share to the UK came up to 19.7% of the total export value or EUR 414.977 million (2015: 19.3% — EUR 388.049 million). Share of exports to Estonia were 9.9% more, or EUR 207.981 million(2015: 9.5% — EUR 190.380 million), and the export share to Germany — 9.8% or EUR 205.015 million (2015: 10.1% — EUR 202.284 million).

The value of the Latvian imports of forest and wood industry goods grew by 9.2% up to EUR 741.463 million. The key supplier of the above mentioned goods to Latvia was Estonia. Its share in the Latvian total forest and woodworking industry goods imports came up to 17.6% or EUR 130.653 million.

Finnish softwood lumber exports to China reach 1 million m3; up 67% yoy

The softwood lumber exports from Finland to the world increased by 9% for the whole year 2016, as compared to 2015. The softwood lumber volumes reached 8 million m3 in the mentioned period. Continue reading "Finnish softwood lumber exports to China reach 1 million m3; up 67% yoy"

BC’s trade envoy claims there is slight chance for new softwood lumber deal

The softwood trade envoy of British Columbia claims that there might be a small chance to quickly negotiate a new lumber agreement between Canada and the United States.

Yet, if a deal can't be reached by the summer or fall it could mean a lengthy fight, The Canadian Free Press reported.

David Emerson said that he sensed a chance at a deal but also saw continued turbulence in the administration of President Donald Trump and strong protectionist sentiments in the U.S. Congress after visiting Washington, D.C., last week.

"My own guess is there is a window of opportunity, late summer or early fall, and if that doesn't initiate something meaningful in terms of negotiations then I think we're probably into next year," he said.

Emerson said there has not been a formal start to talks, but Canadian officials in Washington and Ottawa are preparing for negotiations. He said he met with David MacNaughton, Canada's ambassador to the U.S., last week as well as officials at Canada's embassy and Global Affairs Canada.

He said he would rather see the softwood deal, which expired in October 2015, negotiated separately than folded in with talks to renegotiate the North American Free Trade Agreement.

"We would be much better off to have a negotiation early rather than later and in that sense, having softwood lumber wrapped up in a big NAFTA negotiation, I think, would cause it to be dragged out for multiple years," said Emerson.

B.C. Forests Minister Steve Thomson said he was in Toronto recently for strategy meetings with federal Natural Resources Minister Jim Carr.

Thomson said those talks included plans to help B.C. communities that would face severe economic consequences if the U.S. imposes lumber tariffs on Canadian products.

B.C. Premier Christy Clark appointed Emerson earlier this year to represent the province's interests in the trade issue. Emerson, a former federal cabinet minister and forest company executive, was a major player in the 10-year softwood deal between Canada and the U.S. signed in 2006.

Clark has said about 40 per cent of B.C.'s rural communities are dependent on forestry and the industry provides more than 60,000 direct jobs in the province.

The value of lumber exports from B.C. to the U.S. last year was $4.6 billion. B.C. is Canada's largest producer of softwood lumber, accounting for about half of the country's production.

The U.S. Lumber Coalition, which represents lumber producers, filed a petition last November asking the U.S. Department of Commerce and the U.S. International Trade Commission to limit Canadian lumber shipments. The group claimed Canada unfairly subsidizes its lumber industry, harming American workers who are experiencing mounting unemployment.

LIGNA 2017: Perfect solutions for every type of material

The exhibitors at this year's LIGNA will show that the processing capabilities of today's woodworking machines extend far beyond "just" wood, encompassing plastics and composite panels, insulation materials, building materials and more.

The range of specialized, high-quality woodworking solutions continues to grow every year. Only at LIGNA will industry professionals get a comprehensive overview of all the latest technologies and solutions on the market. According to estimates by the German Engineering Federation (VDMA), the woodworking machinery manufacturing sector already generates an estimated 10 percent of its sales outside of its core wood industry business. It's hardly surprising, then, that "Processing of Plastics and Composites" will feature as one of the keynote themes at the next LIGNA trade show in Hannover, Germany, which runs from 22 to 26 May 2017.

Industry professionals requiring solutions for processing plastic and composite materials can expect to find a wide range of options on offer, no matter what size company they happen to work for. The Homag Group, for instance, has developed a whole line of machines for processing plastics, from automatic storage systems, P series panel saws and CNC machining centers right through to a variety of packaging systems.

Homag's processing machines come with supporting software that includes a database where users can store parameters for each material type, thereby ensuring optimal processing. Maka Systems and Reichenbacher, which have traditionally specialized in wood and lightweight-part processing systems, will be showcasing 5-axis machining solutions that offer a wide range of processing options, from simultaneous machining of small, intricate parts to the production of large-dimension parts. The Weinig Group's Powermat series of molders are highly flexible machines that are particularly suited to processing plastic parts and foams. One of the SCM Group's specialties is CNC-controlled sizing and the deburring and sanding of advanced materials. Its SZ Plast automatic single-blade beam saw is specifically designed to process plastic materials.

IMA's Combima Systems solution, on the other hand, is ideally suited for throughfeed edge banding and processing of aluminum composites.

Tooling is the critical interface between machine and material. Leuco's proprietary p-System comprises a range of saw blades and cutters specifically developed for processing non-wood materials. New in Leitz’s product range is the BrillanceCut circular saw blade which delivers excellent results when processing plastics and composite materials. Mechanical and vacuum systems are critical to the efficient handling of different materials. Two key suppliers of such systems who will be exhibiting at LIGNA are Schmalz and Eurotech. Guided Tours to exhibitors' stands and technical lectures in the Robotation Academy will round out the product offering at the world’s most important woodworking and timber processing show. LIGNA's comprehensive coverage of the latest plastics and composite material processing solutions makes it an absolute must-see for anyone already working in or intending to enter this fast-growing market.

China: Economy and housing market a driver for wood and wood products imports

Achieving growth was tough for Chinese policy makers throughout 2016. Even with loosened liquidity and government intervention, annual growth fell to a consistent 6.7% in the first three quarters of 2016, the slowest rate seen in 25 years.

However, these numbers disguise some weaknesses in the economy. The main concern is that fixed asset investment is no longer coming from the private sector.

Manufacturing overcapacity in many sectors is a burden and while the services sector did exceptionally well in 2016 the pace of expansion is unlikely to be sufficient to compensate for downturns elsewhere.

With the accelerating incomes and rapid urbanisation, enthusiasm for owning a home continues to drive the housing market. China’s National Bureau of Statistics has released 2016 data on real estate investment during the year showing total investment in the sector was up 6.9% year on year of which investment in residential buildings was up by 6.4% and accounted for 67% of all real estate investment. However, in 2016 the area purchased by the real estate developers fell 3.4% as they anticipated tougher times ahead.

The real estate market, which was especially active in early 2016, delivered an enormous market for wood and wood product imports before the brakes were applied to the overheated market. For example, in the first 7 month of 2016, imports of sawn timber grew 17% year on year, log imports rose 3%; plywood imports jumped almost 20% and MDF imports rose 16%.

But the reason for rising imports of wood products is not only demand in the housing market. In recent years many Chinese enterprises have been importing high quality wood-based boards in order to meet mandatory standards for formaldehyde emission for panel style furniture or wood flooring manufactured for international markets. For example, according to China Customs, in the first nine months of 2016 particleboard imports rose a staggering 32% to 560,200 cubic metres mainly from Malaysia, Thailand, Romania, Germany and Brazil.

Use of wood in construction plays an important role in tackling climate change. says Sampsa Auvinen

“My message is very simple. As simple as it can be the reduction of CO2 emissions, particularly in the construction sector. Increasing the use of wood in construction and in everyday products plays an important role in tackling climate change, developing green jobs - particularly in rural areas - and boosting the bio-economy.” With these words the EOS’s President, Mr Sampsa Auvinen, started his speech at the International Forum “The Value of Wood,” held in Brussels, in conjunction with the International Day of Forests on 21 March 2017. 

This important event was hosted by the Honourable Member of the EU Parliament (MEP) Mr Paul Brannen, who also moderated the first panel, while MEP Mrs Henna Virkkunen moderated the second panel.  Both Members of the European Parliament highlighted the need for an increase of wood products as building materials. “Wood is the building material of the future—versatile, beautiful, and carbon neutral”. Without any doubts, wood products play a key role in tackling climate change and developing a sustainable bio-economy.

In the picture from left to right: Mr Auvinen, President of EOS and CEO of Norvik Timber Industries, Mr Doehring, EOS Board Member and CEO of ILIM Timber, Mr Joebstl, CEO od Stara Enso Austria, Mr Merivuori, EOS Board Member and Director of Sahateollisuus, and Mr Stuart Goodall, Director of Confor.

Mr Auvinen recalled that “The European sawmill industry, as part of the Forest based industry, provides a large number of employment opportunities and career development in a wide range of disciplines. Jobs are being created across the skills spectrum and in a variety of business types and sizes – predominantly the SME sector.  Without doubt, wood is one of the most environmentally and sustainable friendly material. To address global challenges such as climate change, a growing population and resource scarcity, Europe must find pathways to produce goods, food and energy by using renewable organic materials more widely.  In this sense, the promotion of timber construction is anchored in the bio-economy concept. The European sawmill industry makes market products with a small carbon footprint, from raw material procured from sustainably managed forests. Companies process hardwood and softwood for a wide ranges of construction and furniture products. The sawmill industry is the backbone of the bio-economy. Residues from sawmill processes can be converted into a broad range of wood-based products including bio-composite materials, bio-plastics, textiles and carbon-neutral biofuels. Simultaneously, the production of saw-logs, and the correlated use of by products and residues, complies with the resource efficiency principle, guarantees the highest profitability for forest owners and provides the raw materials needed for developing the bio-economy.”

The Director for the environmental department of the French research centre FCBA, Mr Gerard Deroubaix offered a technical explanation of the wood products as carbon store. He recalled that the carbon footprint of construction products made of wood is, in a very large majority of cases, significantly lower than the carbon footprint of the products made of competing materials. He recalled that a recent study commissioned by the EU Commission and entitled “Climwood2030” presented calculations at European level showing that “the material use of wood products instead of functionally equivalent alternative products leads to a decrease of fossil based GHG emissions over the whole life cycle of about 1.5 à 3.5 t CO2 per ton of wood product”.

The role of timber in Architecture was presented by Mr Andrew Waugh who was invited to the “Value of Wood conference” to explain the latest achievements of building with wood. He presented the Dalston Lane Project that is the world’s largest CLT building: the ten-storey, 121-unit development is made entirely of CLT, from the external, party and core walls, through to the floors and stairs, weighing a fifth of a concrete building of this size, and reducing the number of deliveries during construction by 80 per cent. The ten-storey, 121-unit development, is made entirely of CLT, from the external, party and core walls, through to the floors and stairs, weighing a fifth of a concrete building of this size, and reducing the number of deliveries during construction by 80 per cent. Another example of the wood application is the Murray Grove. As explained by Mr Waugh, the Murray Grove is the first urban housing project to be constructed entirely from pre-fabricated solid timber, from the load bearing walls and floor slabs to the stair and lift cores.

Mr Per-Olof Weding, President of European State Forest Association (EUSTAFOR) emphasised that European Forests are constantly growing both in size and in volume of wood. This extremely positive fact is due to an active and sustainable forest management system that ensures the production capacity and resilience of forest ecosystems as a whole. He stressed that a vibrant European forestry sector can make the bio-economy the next major economic development and can bring real benefits to mitigate climate change.

The Conference attracted roughly 100 participants and it was concluded with a cocktail reception.

Central/West Africa: Demand in China remains firm; logs & sawnwood prices stable

The reported slowdown in China’s economic growth in February came as no surprise as businesses there closed for the New Year celebrations. This slowdown did not affect timber exports from Central and West Africa and demand in China continues to be firm especially for the denser species such as tali, bilinga, padouk and okan.
Demand for bubinga is particularly firm but this trade is now subject to CITES regulation which has slowed the volume of exports.
The issue of what to do about the stocks of bubinga accumulated prior to the CITES decision is yet to be resolved. Producers hope that they will be able to export the old stock to clear the way to comply with the CITES regulations for new production.
Prices remain stable
Over the past two weeks there were no reports of price changes and there is no news from the region of any significant movement in markets that would alter the present dull conditions that have prevailed over the past months.
No chain reaction to Cameroon’s decision to raise log export duties
So far there has been little reaction to the higher log export duty applied in Cameroon and as of mid-March none of Cameroon’s neighbours has hinted that they may follow suit.
However, the government in Gabon is said to be looking increase revenues as the economy is facing difficult times. After the sharp decline in oil prices Gabon suffered a fall in revenue. Because of this economic prospects remain challenging which has forced the government cut spending.
An IMF team recently visited Libreville for discussions on financial support under the IMF Extended Fund Facility. Low stocks at Douala Port
Reports are of only moderate arrivals of logs and sawn sapele and sipo from Central African Republic and Congo Brazzaville reaching the Port of Doulala. Analysts say log stocks at the port are low as rains have been affecting harvesting and transportation especially from producers in northern areas of Congo Brazzaville.
Log Export Prices

West Africa logs, FOB € per m³
Asian market
LM
B
BC/C
Acajou/ Khaya/N’Gollon
240
240
160
Ayous/Obéché/Wawa
240
240
190
Azobe & Ekki
230
230
160
Belli
240
235
Bibolo/Dibétou
180
170
Bilinga
220
220
-
Iroko 325
300
265
Okoume (60% CI, 40% CE, 20% CS) (China only) 210 190 160
Moabi 330 300 235
Movingui 210
210
160
Niove
175
160
Okan
210
190
Padouk
300
280
230
Sapele 290 280 220
Sipo/Utile
310
290
255
Tali 330 320

 
Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 420
Bilinga FAS GMS 515
Okoumé FAS GMS
340
Merchantable 290
Std/Btr GMS 300
Sipo FAS GMS
540
FAS fixed sizes 560
FAS scantlings 560
Padouk FAS GMS 810
FAS scantlings 920
Strips 645
Sapele FAS Spanish sizes 505
FAS scantlings 510
Iroko FAS GMS 620
Scantlings 710
Strips
420
Khaya FAS GMS
450
FAS fixed
470
Maobi FAS GMS
620
Scantlings
630
Movingui FAS GMS
430

Source: ITTO

Central/West Africa: Demand in China remains firm; logs & sawnwood prices stable

The reported slowdown in China’s economic growth in February came as no surprise as businesses there closed for the New Year celebrations. This slowdown did not affect timber exports from Central and West Africa and demand in China continues to be firm especially for the denser species such as tali, bilinga, padouk and okan.

Demand for bubinga is particularly firm but this trade is now subject to CITES regulation which has slowed the volume of exports.

The issue of what to do about the stocks of bubinga accumulated prior to the CITES decision is yet to be resolved. Producers hope that they will be able to export the old stock to clear the way to comply with the CITES regulations for new production.

Prices remain stable

Over the past two weeks there were no reports of price changes and there is no news from the region of any significant movement in markets that would alter the present dull conditions that have prevailed over the past months.

No chain reaction to Cameroon’s decision to raise log export duties

So far there has been little reaction to the higher log export duty applied in Cameroon and as of mid-March none of Cameroon’s neighbours has hinted that they may follow suit.

However, the government in Gabon is said to be looking increase revenues as the economy is facing difficult times. After the sharp decline in oil prices Gabon suffered a fall in revenue. Because of this economic prospects remain challenging which has forced the government cut spending.

An IMF team recently visited Libreville for discussions on financial support under the IMF Extended Fund Facility. Low stocks at Douala Port

Reports are of only moderate arrivals of logs and sawn sapele and sipo from Central African Republic and Congo Brazzaville reaching the Port of Doulala. Analysts say log stocks at the port are low as rains have been affecting harvesting and transportation especially from producers in northern areas of Congo Brazzaville.

Log Export Prices

West Africa logs, FOB € per m³
Asian market
LM
B
BC/C
Acajou/ Khaya/N’Gollon
240
240
160
Ayous/Obéché/Wawa
240
240
190
Azobe & Ekki
230
230
160
Belli
240
235
Bibolo/Dibétou
180
170
Bilinga
220
220
-
Iroko 325
300
265
Okoume (60% CI, 40% CE, 20% CS) (China only) 210 190 160
Moabi 330 300 235
Movingui 210
210
160
Niove
175
160
Okan
210
190
Padouk
300
280
230
Sapele 290 280 220
Sipo/Utile
310
290
255
Tali 330 320

 

Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 420
Bilinga FAS GMS 515
Okoumé FAS GMS
340
Merchantable 290
Std/Btr GMS 300
Sipo FAS GMS
540
FAS fixed sizes 560
FAS scantlings 560
Padouk FAS GMS 810
FAS scantlings 920
Strips 645
Sapele FAS Spanish sizes 505
FAS scantlings 510
Iroko FAS GMS 620
Scantlings 710
Strips
420
Khaya FAS GMS
450
FAS fixed
470
Maobi FAS GMS
620
Scantlings
630
Movingui FAS GMS
430

Source: ITTO

Sweden: Siljan to invest in ten new drying kilns for Älvdalen and Mora sawmills

Siljan, the Swedish woodworking conglomerate, invested in ten new drying kilns and 29 new control systems type Valmatics for its sawmills in Älvdalen and Mora. Continue reading "Sweden: Siljan to invest in ten new drying kilns for Älvdalen and Mora sawmills"

Rising sawmill stocks signal weak demand in South Africa

Local analysts report the South African timber market is currently subdued and that this is borne out by the high level of stocks at domestic sawmills.

It is reported that delivery times from domestic mills have come down from around 6 weeks during the time of peak demand to just 2 days now in some cases. Last year pine mills in South Africa sold just over 63,000 cu.m less than in 2015.

Local mills had been hoping to increase prices in the first quarter to compensate for rising production costs but attempts at a price increase have now been postponed until at least May.

The weak market is mainly the result of the stagnant housing and construction market.

Sales of domestic constructional timbers are down as are sales of meranti and okoume.

Hardwood sales have fallen so much that there has been some moderate discounting as importers try to adjust their stocks. Demand for US hardwoods is similarly affected and it is only exchange rates that are impacting price levels.

Domestic MDF and particleboard producers pushed through a small price increase recently and this is being maintained even as demand slips. The main reason behind the steady prices for panels is the weaker rand which has pushed up the price of imported panels.

US producers trying to impose antidumping duties on Chinese hardwood plywood imports

The Coalition for Fair Trade of Hardwood Plywood has filed "critical circumstances" petitions with the Department of Commerce, to stop a recent surge of Chinese hardwood plywood imports into the United States.  Continue reading "US producers trying to impose antidumping duties on Chinese hardwood plywood imports"

Moody’s forecasts stable global paper and forest products industry

Higher prices and stronger wood product, paper packaging and market pulp demand offsetting rising input costs and lower paper demand will keep the outlook for the global paper and forest products industry stable, says Moody's Investors Service. Continue reading "Moody’s forecasts stable global paper and forest products industry"

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