Month: September 2022

290 posts

Lumber prices fall as US mortgage rates hit 14 year high

North American lumber prices fell Wednesday as US mortgage rates hit the highest level in 14 years, pulling back from an earlier rally amid fears of a possible rail strike. Data from the Mortgage Bankers Association showed that the rate on a 30-year … Continue reading → The post Lumber prices fall as US mortgage rates hit 14 year high appeared first on Timber Industry News.

Bergs to close Broakulla mill in Sweden

After a strategic review of the operations in Bitus AB, a subsidiary of Bergs, the Board of Directors has concluded that future efforts and investments for increased competitiveness and not least in energy efficiency should be concentrated to the existing facilities in … Continue reading → The post Bergs to close Broakulla mill in Sweden appeared first on Timber Industry News.

SYP Lumber Prices Stabilize; Is More Volatility Around the Corner?

By late June, the price for finished southern yellow pine (SYP) lumber had tumbled 59% from its 2022 high mark of $1,136/MBF. Prices then subsequently bounced back, but weekly price movement has been range bound between ~$100 for the last 12 weeks, which is a departure from the wild volatility that was the norm over the last two years.

Trends in the global wood markets: What to expect for the end of the year?

For the global wood industry the end of 2022 seems to be…

Wood pellet shortages in France cause prices to rise

The price of wood pellets is soaring in France due to a…

Lumber prices fall as US mortgage rates hit 14 year high

North American lumber prices fell Wednesday as US mortgage rates hit the highest…

Bergs closes Broakulla mill in Sweden

After a strategic review of the operations in Bitus AB, a subsidiary of…

European softwood lumber exports to US double yoy; export prices fall

European softwood lumber exports to the USA almost doubled in the first seven months of the year, with the pace of growth lower in valuer terms, as export prices have been slightly lower as compared to last year. (see price … Continue reading → The post European softwood lumber exports to US double yoy; export prices fall appeared first on Timber Industry News.

Vida Group says electricity price will affect its production over time

For Sweden’s largest sawmill group, Vida, a price increase of SEK 1/kWh on the electricity price means around SEK 170 million (EUR 16 million) on an annual basis. This corresponds to a cost increase of 10 percent. In the short term, price … Continue reading → The post Vida Group says electricity price will affect its production over time appeared first on Timber Industry News.

New EU Forest Strategy welcomed by European wood industries

CEI-Bois & EOS welcome the new EU forest strategy passed on Tuesday (September 13) by the European Parliament. ‘A new EU Forest Strategy for 2030 – Sustainable Forest Management in Europe’ is clear in its recognition of the ability of … Continue reading → The post New EU Forest Strategy welcomed by European wood industries appeared first on Timber Industry News.