The benchmark hit its lowest level in 12 months as U.S. import volume dropped 28.3%.
Plywood
Price for plywood exported from Brazilian slid 2.5%.
Price for plywood exported from Chilean slid 1.3%.
The duties of 14.4% to 15.8%, in force since 2021 and extended to shipments via Turkey and Kazakhstan in 2024, stay in place while the review runs for up to 15 months.
Adjusted EBITDA fell to $985 million from $1,013 million, while total assets rose, largely from the Sucuriú project in Brazil.
Most of the money, C$4 billion, would finance large new mills and biorefineries through a new fund at Export Development Canada.
The Australian Forest Products Association estimates that up to 100,000 cubic meters of imported timber products a year may contain Russian fiber, enough for 15,000 homes, and wants testing and country-of-origin labeling.
The timberland owner expects fourth-quarter lumber realizations to ease from the highest level since 2022 and will buy back up to $300 million more of its shares.
The board set him the tasks of reaching a sustained positive operating cash flow, raising capacity utilization and cutting debt.
Brazil remained the largest supplier as its share rose 3.7 pp; Malaysia's shipments surged 94.5% and Vietnam's tumbled 78.3%.
Plywood average net selling prices rose 31% from a year earlier.
The Montreal furniture components producer said it will spend several million dollars on new machinery at the Granite Falls plant.
The Finnish maker of plywood and LVL mill equipment, whose third-quarter sales fell 34%, lowered the top of its 2026 forecast for the second time this year.
Price for plywood imported to Japan grew only 0.2%.
The timber giant's latest land sale, at about $1,800 an acre, comes as third-quarter profit fell 24% and it braces for a softer fourth quarter in wood products.
The Indian plywood and MDF maker’s plants are running at nearly 98% of capacity.
Compared with the previous month, production was down 5%.
UPM shareholders will receive one WISA Group share for each UPM share they own.
Company expects lower deliveries and higher variable costs in the second half; production at its Leuna biorefinery to start in Q2 2027.
Profits across all industrial enterprises rose 15.5% over the same period.