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N. American lumber prices fall to new low as housing market continues to cool off

North American lumber prices fell 4% to a new 2022 low on Tuesday as the housing market continues to cool off. The decline came on the same day Goldman Sachs warned that it expects a continued decline in the housing …

Canfor to curtail production at its sawmills in Sweden

Canfor Corporation announced that effective September 12, 2022, it intends to reduce operations at its Swedish facilities due to a decrease in market demand. According to the press release, the reduced operating schedule will result in a 15% decrease in … Continue reading → The post Canfor to curtail production at its sawmills in Sweden appeared first on Timber Industry News.

The European timber market to face multiple new normals

Inventory levels at most European lumber mills were running low at the start of 2021. By the middle of the year, there was a sudden surge in demand for wood and wood products across Europe, mainly in France.

Latvia: The price of wood has experienced unprecedented fluctuations

In the first half of 2022, the price of wood in Latvia has experienced unprecedented fluctuations, starting with atypical price changes to unfulfillable foreign demand for Latvian wood, according to the information gathered by the experts of the largest forest … Continue reading → The post Latvia: The price of wood has experienced unprecedented fluctuations appeared first on Timber Industry News.

Sanctions dramatically bring down wood product manufacturing in Russia

In July, wood products manufacturing in Russia fell 20.4% y-o-y according to data published by the Russian government statistic agency Rosstat. Since July 10, exports of wood products from Russia and Belarus to the European Union has completely stopped due … Continue reading → The post Sanctions dramatically bring down wood product manufacturing in Russia appeared first on Timber Industry News.

Canfor to curtail production at its sawmills in Sweden

Canfor Corporation announced that effective September 12, 2022, it intends to reduce…

French softwood sawmills report significant market slowdown

At the start of September, many sawmill owners in France are asking…

China: August review of the softwood log market

China softwood log inventory has remained stable at about 4.6 – 4.7m.…

N. American lumber prices fall to new low as housing market continues to cool off

North American lumber prices fell 4% to a new 2022 low on…

China’s demand for softwood logs and lumber still sluggish in the third quarter

The implementation of pandemic prevention and control measures in China in the first half of the year had a great impact on logistics, transportation and timber market recovery. From January to July this year, China’s softwood lumber imports fell by … Continue reading → The post China’s demand for softwood logs and lumber still sluggish in the third quarter appeared first on Timber Industry News.