Industry Prices

China: Hopes that Covid restriction easing would bring back wood demand

Several major Chinese banks have adopted a government led 16-point rescue plan to extend billions to struggling private developers [...]

US homebuilders buy time with huge backlogs

The US housing market has fallen off a cliff, but for now, homebuilders are biding their time. As bad as [...]

Precious Woods to close sawmill in Gabon due to high costs

Unexpectedly high cost increases in Gabon have forced Precious Woods to take drastic measures to reduce costs in order to [...]

India: Weak log and sawn timber import market

Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report [...]

High wood prices multiplied the profit of the Czech forest state company

The Czech state company Lesy České republiky (LČR) in the first three quarters of the year multiplied its gross [...]

Lumber futures rise on more Canadian sawmill curtailments

US lumber futures rose by the most allowed by exchange rules following Canfor's announcement that it would further curtail [...]

Concern that increased Turkish wood pellet exports originate from Russia

The European-Union (EU)-imposed ban on imports of woody biomass from Russia has resulted in a seven-fold spike [...]

North American lumber prices expected to rise next year

The weak market conditions that prompted Canfor's announcement this week of production curtailments at its B.C. and Alberta [...]

Russian timber companies fallen into serious losses; ask for government help

A few days ago, the Russian timber industry, through regional officials, asked the government to take new support measures in [...]

New Zealand’s log export prices continue to fall due to low demand in China

    Prices for export logs reduced an average of 6 NZD per JASm3 across ports in New [...]