US
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US lumber prices approach to annual highs
Persistent upward movement in US lumber prices left many items approaching their highs for the year in the fourth quarter. The current supply-driven run has pushed the Random Lengths Framing Lumber Composite Price to its fourth consecutive weekly increase. The front month in lumber futures continued to trade at a slight premium to the physical market, but the January contract opened a sizable spread with cash. The roll to January was a prime feature for the week, with volume and open interest in that contract nearing par with November. Mills in the South continued to push for double-digit price hikes with moderate success. Most Southern Pine prices continued to climb. However, buyer resistance to the highest mill quotes grew more intense as the week progressed. Some buyers throttled back new orders to the most pressing necessities while digesting recent purchases and trying to... Continue reading →
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Uncertainty grows in the US softwood lumber market
The aftermath of Hurricane Helene in the South, combined with a strike affecting ports from Maine to Texas, has added uncertainty to an already weak softwood lumber market.... Continue reading →
Popular this Month
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June 26, 2024
United States asks EU to delay EUDR -
May 22, 2024
How the European softwood lumber prices follow the dynamics US lumber prices -
May 6, 2024
Eight U.S. wood groups seek delay of EUDR
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October 30, 2024
US lumber prices approach to annual highs
Persistent upward movement in US lumber prices left many items approaching their highs for the year in the fourth quarter. The current supply-driven run has pushed the Random Lengths Framing Lumber Composite Price to its fourth consecutive weekly increase. The front month in lumber futures continued to trade at a slight premium to the physical market, but the January contract opened a sizable spread with cash. The roll to January was a prime feature for the week, with volume and open interest in that contract nearing par with November. Mills in the South continued to push for double-digit price hikes with moderate success. Most Southern Pine prices continued to climb. However, buyer resistance to the highest mill quotes grew more intense as the week progressed. Some buyers throttled back new orders to the most pressing necessities while digesting recent purchases and trying to... Continue reading →
Popular this Month
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October 8, 2024
It’s time for higher US lumber prices -
October 2, 2024
Looming US Port strike could shake supply chains -
September 30, 2024
Fall in EU softwood lumber exports to the US
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August 30, 2023
U.S.-Vietnam meeting indicates possible future tariffs on timber imports
Nearly two years after the reaching an agreement that avoided Section 301 tariffs on imports from Vietnam, the U.S. indicated concerns about Hanoi’s implementation of that agreement.... Continue reading →
Popular this Month
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February 17, 2022
North American wood pellet exports at record high in 2021 -
December 21, 2021
European, US demand for wood products boosted global lumber trade in 2021 -
October 4, 2021
US and Vietnam reach timber deal avoiding punitive tariffs
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May 12, 2024
U.S. to allow wood imports from Russia
The U.S. Treasury Department suddenly announced that it would allow U.S. companies to continue to conduct energy-related transactions with major Russian banks, including VTB, Sberbank, Alfa Bank and St. Petersburg Bank.... Continue reading →
Popular this Month
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August 15, 2022
U.S. imposed a 35% tariff on Russian wood products -
April 26, 2022
Russian imported plywood will be ‘hard to replace,’ says US hardwoods group -
March 29, 2022
US may impose 50% tariffs on Russian birch plywood
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December 13, 2023
Global sawmill production falls sharply; turnaround expected in U.S. in 2024
Sawmills in many parts of the world have already reduced production and the trend continues. Central Europe and Canada have decreased the most. In Canada, according to our assessments, sawmill production has been reduced by roughly 20% or roughly 15 million m3 in the last five years.... Continue reading →
Popular this Month
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June 16, 2022
Brazil boosts plywood exports to EU as falling supplies to US
In May, Brazil reduced plywood exports to the U.S. by 38% year-on-year to 101 thousand m3. At the same time, the country doubled plywood deliveries to the European Union, up to 89 thousand m3. In particular, deliveries to the UK jumped by 69% to 20 thousand tons. m3, supplies to Germany increased by 46% to 20 thousand m3. Brazil's plywood exports to Belgium and Italy doubled. Brazil’s exports of plywood dipped 4.3% year-on-year to 264.8 thousand m3 in May. The value of exports fell 16% to $112 million. Average price of plywood declined 12% to $422 per m3. In May, Florida Сourt’s permanent injunction suspended sale of Brazilian plywood in the U.S. Judge Roy Altman entered a permanent injunction requiring the revocation of all PS 1 certificates issued by PFS-TECO to over a dozen Brazilian mills producing structural plywood for the U.S. market. The decision forces wholesalers... Continue reading →
Popular this Month
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June 12, 2020
US companies testify against certifying unsafe plywood from Brazil -
April 23, 2020
Arauco to close another plant in US -
January 21, 2020
Brazil has more than doubled particleboard exports to the United States
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February 14, 2023
US hardwood lumber expand to MENA region
The total exports of US hardwood lumber and veneer to the Middle East and North Africa region surged by 11% in 2022 to hit $107 million, said a report by American Hardwood Export Council (AHEC) released ahead of a key industry event - Dubai WoodShow. To be held from March 7 to 9 at the Dubai International Exhibition and Convention Centre, the event will see AHEC host a large American Hardwood Pavilion with individual booths occupied by 14 US hardwood exporting companies as well as the Indiana State Department of Agriculture. The 14 companies participating in the pavilion are Allegheny Wood Products, Baillie Lumber, Boss Lumber, Cascade Hardwood, Cummings Lumber, Hardwoods of America, Kamps Hardwoods, Kennebec Lumber, Midwest Hardwood, Missouri Walnut, Nina Company, Oaks Unlimited, Penn-Sylvan International and Wheeland Lumber. According to AHEC, the Mena region remains a very... Continue reading →
Popular this Month
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April 17, 2018
Strong lumber markets in the US and Europe increased the global sawlog price by 10% -
December 11, 2017
Record prices for softwood lumber in North America, and rising lumber export prices in Sweden, Finland and Russia -
October 23, 2017
US tropical sawnwood now account for 30% of total sawn hardwood imports
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December 13, 2023
Global sawmill production falls sharply; turnaround expected in U.S. in 2024
Sawmills in many parts of the world have already reduced production and the trend continues. Central Europe and Canada have decreased the most. In Canada, according to our assessments, sawmill production has been reduced by roughly 20% or roughly 15 million m3 in the last five years.... Continue reading →
Popular this Month
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January 19, 2021
The US is increasingly dependent on overseas lumber supply -
October 2, 2020
Lumber companies in the US reached record profits -
February 15, 2019
New Zealand wood on a high demand as China shuns US exports; export prices near records
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October 30, 2024
US lumber prices approach to annual highs
Persistent upward movement in US lumber prices left many items approaching their highs for the year in the fourth quarter. The current supply-driven run has pushed the Random Lengths Framing Lumber Composite Price to its fourth consecutive weekly increase. The front month in lumber futures continued to trade at a slight premium to the physical market, but the January contract opened a sizable spread with cash. The roll to January was a prime feature for the week, with volume and open interest in that contract nearing par with November. Mills in the South continued to push for double-digit price hikes with moderate success. Most Southern Pine prices continued to climb. However, buyer resistance to the highest mill quotes grew more intense as the week progressed. Some buyers throttled back new orders to the most pressing necessities while digesting recent purchases and trying to... Continue reading →
Popular this Month
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October 10, 2024
Uncertainty grows in the US softwood lumber market -
October 8, 2024
It’s time for higher US lumber prices -
October 2, 2024
Looming US Port strike could shake supply chains