Price for wood pellets imported to European Union increased 7%.
Markets
Imports of wood chips to European Union expanded 6%.
Imports of wood pulp to European Union rose 1.8%.
Exports of lumber from Lithuania grew 10%.
Price for sawlog exported from Germany to China expanded 7%.
Price for lumber exported from Sweden grew 10%.
U.S. cabinet manufacturers reported overall cabinet sales of were down 7% for January 2024 compared to the same month in 2023.
The Madison’s Lumber Prices Index for the week ending March 15, 2024 was US$492 mfbm. This is up by +1%, or +$5, from the previous week when it was US$487.
Price for lumber exported from Russia to Kazakhstan slipped 0.7%.
Canadian home prices see sudden end to declines in advance of spring market.
Price for lumber exported from Germany to the U.S. rose 2%.
Exports of wood pellets from Russia to South Korea contracted 14%.
Price for wood pellets exported from Vietnam to South Korea contracted 15%.
Imports of wood pellets to South Korea stayed flat y-o-y.
Finland's heating and power plants consumed a total of 22.4 million solid cubic metres (43.9 terawatt hours) of solid wood fuels in 2023, showing a decrease of 2% from the previous year.
Canadian wood product sector saw decline in January 2024, with a 3.3% decrease in sales, reaching C$3.029 billion.
For the 12-month period, Producer Price Index (PPI) increased by 1.6% y-o-y, the highest level since September 2023.
Price for logs exported from Brazil contracted 19%.
Price for lumber imported to Egypt shot 195%.
U.S. 30-year FRM averaged 6.74% as of March 14, 2024, down from last week when it averaged 6.88%.