Sawmills in China slowed down or stopped production in May due high costs of imported logs
In March import prices in China had picked up despite total log inventory still building to over 8 [...]
June 1, 2020
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Chinese timber importers face additional cost pressure from Chinese currency devaluation against US dollar
On May 28, the People ’s Bank of China authorized the China Foreign Exchange Trading Center to announce that the [...]
June 1, 2020
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Upward trend in Russian timber prices
In April 2020, the export price of hardwood timber used for sawing and planing in Russia reached the highest value [...]
May 29, 2020
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UK to apply tariffs for imported wood and wood products
From 1 January 2021, the UK will apply a UK-specific tariff to imported goods. The UK Global Tariff (UKGT [...]
May 29, 2020
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Global demand for African tropical timber decreasing
Millers in West Africa have provided some comments on shipping opportunities and market developments saying they have been told ports [...]
May 29, 2020
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Canadian lumber giants’ shares see spectacular rise on strong demand and prices
Canadian lumber producers' shares soar on strong demand, prices, fueled by better-than-expected US housing market indicators [...]
May 28, 2020
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Prices of exported New Zealand logs rise sharply as Chinese inventories running low
Exports of logs from New Zealand were worth just $96 million in April 2020, down $211 million from $307 million [...]
May 28, 2020
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N. American softwood lumber prices jumped once again last week
A lot of regular life activities remain unknown as various jurisdictions “open up” from the Covid19 isolation and quarantine. Regardless [...]
May 21, 2020
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Lithuanian roundwood prices fall sharply in March 2020
In March 2020, pine logs in Lithuania were priced at € 56/ m3 (-24% compared to March 2019), spruce logs at [...]
May 21, 2020
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Pandemic pushes US lumber prices higher
Rising demand stemming from a surge of do-it-yourself projects from consumers working at home coupled with restricted supply [...]
May 20, 2020
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