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September 14, 2022

UK working group signals likely impact of rising energy costs on timber prices

  Rising energy costs are likely to affect timber prices in Q4 and Q1 2023, according to the latest statement from UK's Construction Leadership Council’s Product Availability working group.   Working group co-chairs John Newcomb, CEO of the Builders Merchants Federation, and Peter Caplehorn, CEO of the Construction Products Association, gave the update on a range of building products including timber.  “There are good stocks on the ground of both structural softwood and wood based panels, but stocks at ports are much lower and buyers will need to consider forward purchases to ...

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