Round wood - Market news and analysis

August 16, 2017

Keweenaw Land Association reports 2Q net loss of $0.3 million

Keweenaw Land Association, Limited announced 2Q earnings for the period ending June 30, 2017. The company reported a net loss of $273,960, or $0.21 per share, versus net loss of $13,053, or $0.01 per share, in the 2Q 2016. Keweenaw also reported timber sales of $1.7 million for quarter, down $106,97...
August 16, 2017

Norway's roundwood sales decreased by 9%

Norway's roundwood sales decreased by 9% from the 2Q 2016 to the 2Q 2017, while the average timber price rose by 8%. Forest owners obtained NOK 348 ($43.8) per cubic metre of timber; an increase of NOK 27 ($3.4), as Statistics Norway (Statistisk sentralbyra) reported.A total of 2.7 million cubic met...
August 16, 2017

Combined revenue of 50 biggest Russian wood based companies increased 17.5%

In 2017, a 50 companies make it onto 9th annual ranking of Russia's largest forest based companies, published by the Russian woodworking journal Lesnaya Industriya. Taken as a group, these companies have combined revenues of 482.8 billion roubles ($5.19 billion), up 17.5% from previous ranking. Ilim...
August 14, 2017

China’s wood products imports from Australia grew 23% in 1H 2017

In the first half of 2017 the value of wood products trade between China and Australia rose 17% to $1,680 million from the same period of 2016, as ITTO reported.Of the total, the value of China’s wood products imports from Australia grew 23% to $790 million. The value of log and waste paper imports ...
August 14, 2017

Metsä Group reports 2Q comparable operating of Euro 119 million

Metsä Group’s sales in January–June 2017 were Euro 2,451.4 million, compared to Euro 2,339.5 million in 1H 2016. The growth in sales is primarily the result of greater delivery volumes, as the company says in the press release received by Lesprom Network.The comparable operating result was Euro 246....
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