WoodBusinessPortal.com > Articles & News
20 October 2018no password?
Articles & News
China`s huge demand for timber is stripping one of the world`s largest remaining areas of pristine tropical forests
British development agency DFID has suspended funding for a timber industry reform project because of the Rakhine crisis
Balsa wood - the balance between softness and sturdiness
Lignetics bought New England Wood Pellet LLC
Glass Beads for Shot Peening and Cleaning of Surfaces
Press Release: The most significat innovations in forest technology over the past 10 years
Press Release: Which will be the Future Technologies for Food and Biomass Production?
US softwood lumber demand will reach record-hights by 2030
Future Suppliers of Softwood Lumber to the US Market
The Global Forest Industry in the 4Q/2017
New type of wood - stronger than steel
An increase in wooden products exports is expected this year
The Global Forest Industry - a report by WRQ
According to a report by Wood Resource Quarterly (WRQ), the global forest industry looks like that: Global Timber Markets • Sawlog prices were up in most regions of the world in the 3Q per 17. The price increases from the 2Q per 17 were generally smaller in the local currencies than in US dollar terms because of the weakening US dollar, according to the latest Wood Resource Quarterly. • The Global Sawlog Price Index (GSPI) has gone up for three consecutive quarters to reach $75.69 per m3 in the 3Q per 17. • The Euro-based European Sawlog Price Index (ESPI-€) also trended upward the past year, but at a slower pace than the GSPI. Global Pulpwood Prices • Wood fiber costs increased for wood pulp manufacturers in most regions of the world in the 3Q per 17, with the biggest increases in cost being for hardwood fiber. • The Global Hardwood Fiber Price Index (HFPI) was up 2.9 percent quarter-overquarter in the 3Q per 17. The HFPI has trended upwards for the past 18 months and was seven percent higher in the 3Q/17 than at its 16-year low in the 1Q per 16. • Softwood fiber prices were also going up during the 3Q per17, mainly because of a weakening US dollar. • The Global Softwood Fiber Price Index (SFPI), which had been steady for three consecutive quarters, jumped almost four percent in the 3Q per 17 from the previous quarter to reach US$88.21 per odmt. Global Pulp Markets • Global production of market pulp has increased in all major pulp-producing regions in 2017. As has been the case for a number of years, Latin American pulpmills have expanded output the most, with production during the first eight months of 2017 being four percent higher than during the same period in 2016. • The strong demand for pulp has moved prices for both softwood pulp (NBSK) and hardwood pulp (BHK) upward for more than a year. Prices for BHK have increased faster than those of NBSK and in October, were close to par for the first time in over two years. Global Lumber Markets • Demand for imported softwood lumber to the US has fallen by six percent during the first nine months of 2017 as compared to the same period in 2016. This contrasts with the world`s second largest lumber importer, China, to which import volumes have been up by 21 percent year-over-year. The lumber trade in Europe has also picked up in 2017, with the United Kingdom, the Netherlands, Austria, Denmark, and Spain having increased imports the most so far in 2017, reports the WRQ. Countries in the Middle East and North Africa, also known as the MENA countries, have sharply reduced consumption of lumber this year. In the first eight months of 2017, Egypt and Algeria have decreased imports by 24 percent and 39 percent respectively. • Increase in US lumber demand during the third quarter was met by higher domestic production both in the South and the West. • Lumber prices in both Finland and Sweden have strengthened in 2017, and in August, reached their highest levels since early 2015. Healthy domestic demand for lumber and strong export markets both contributed to the upward price trajectory. • Average import prices to China have continued their three-year climb to reach $190 per m3 in September. • The Russian sawmilling sector continues to add capacity in Siberia and the Far East, targeting the expanding demand for lumber in China. Just during the first eight months of this year, Russia increased shipments to China by 23 percent as compared to the same period in 2016. Global Biomass Markets • It is likely that 2017 will be another year of record trade of wood pellets. The biggest increases in shipments to the major markets this year have been in pellets bound for Denmark, South Korea and Italy.
December 05, 2017