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Market Prices
148 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 →
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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 →
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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 →
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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 … Continue reading →
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Poland’s wood industry calls for change in State Forests’ sales policy
Organizations representing entrepreneurs in Poland’s timber industry whose existence depends on the availability of wood raw materials, appealed the Polish State Forests for changes that will stop the soaring prices. The drastic increase in average wood prices caused by the … Continue reading →
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Finland: Signs of revival in roundwood prices at the end of the holiday season
There are clear signs of revival in Finland’s wood prices compared to the beginning of the year, estimates The Finnish Forest Industries Federation (Metsäteollisuus ry). According to the federation, the wood trade has started to pick up quickly after the holiday … Continue reading →
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Estonia: Some sawmills face closure due to fall in demand and high energy prices
Some Estonian sawmills may need to close by year end, at least temporarily, as a fall in demand has hit timber producers at a time of soaring energy prices. Sawmills are also facing competition from energy firms making the switch … Continue reading →
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