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Market Prices

152 posts

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 → The post UK working group signals likely impact of rising energy costs on timber prices appeared first on Timber Industry News.

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 → The post Poland’s wood industry calls for change in State Forests’ sales policy appeared first on Timber Industry News.

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 → The post Finland: Signs of revival in roundwood prices at the end of the holiday season appeared first on Timber Industry News.

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 → The post Estonia: Some sawmills face closure due to fall in demand and high energy prices appeared first on Timber Industry News.

N. American softwood lumber prices rise 10%, despite weak housing market

North American softwood lumber prices broke a three-week losing streak and edged higher on Friday, extending its three-day rally to as much as 10% at $506 per thousand board feet. The gains come despite continued headwinds in the housing market, particularly …

Skyrocketing firewood prices, shortages spread across Europe

As gas and electricity prices skyrocket, many households in Europe are turning to firewood as an alternative heating source this winter. But the surge in demand and supply cuts from Russia are pushing up prices and causing shortages, threatening to … Continue reading → The post Skyrocketing firewood prices, shortages spread across Europe appeared first on Timber Industry News.

Canada’s softwood lumber export price drops sharply in July

In July, the average price for softwood lumber exported from Canada decreased 15.5% compared to the previous month at $267 per m3. This is 26.8% cheaper than a year ago, when it was $364. Canada’s exports of softwood lumber dipped 2.3% …

German timber trade suffers from high energy costs

In August, the German Timber Trade Association (GD Holz) carried out a survey on the increased energy costs in the timber trade. Of the 33 companies surveyed, the majority (45%) mainly uses wood to generate heat. Followed by gas at 38% … Continue reading → The post German timber trade suffers from high energy costs appeared first on Timber Industry News.

Outlook for N. American softwood lumber prices for this autumn

In August, the lumber futures price did not fall below the August 2021 $448 low. On September 1, the price of nearby futures was above that price, but the trend remained lower. The current environment favors a consolidation period, and … Continue reading → The post Outlook for N. American softwood lumber prices for this autumn appeared first on Timber Industry News.

Germans are looking to firewood for energy as gas prices soar

Skyrocketing prices for natural gas have Europeans scrambling for alternative energy sources. In Germany, where households face a 480 euro rise in their gas bills, people are resorting to stockpiling firewood. The fallout from Russia’s invasion of Ukraine has sunk … Continue reading → The post Germans are looking to firewood for energy as gas prices soar appeared first on Timber Industry News.