The China Caixin Manufacturing Purchasing Managers' Index (PMI) saw an unexpected rise from 49.2 in July to 51.0 in August.
The sustainable bio-monoethylene glyco UPM BioPura will be produced from certified hardwood obtained from regional forests around Leuna, Germany.
Russian exports of lumber and rough wood fell sharply in 2023 due to sanctions caused by the Russian invasion of Ukraine.
Average price of lumber lost 30%.
Freight costs for shipping logs from the North Island of New Zealand to China have continued to rise.
The sawmill has the potential for expansion to 100 million board feet and the transaction is expected to close on October 3, 2023.
Ponsse’s export and service operations in Russia have been suspended since March 2022.
Despite these challenges, there are glimmers of hope in the market. Latin American producers operating in Europe have announced plans to increase prices for eucalyptus pulp.
Exports of hardwood bleached kraft pulp from Brazil decreased 15%.
After the Russian invasion of Ukraine and subsequent EU sanctions, the supply of wood pellets from Russia completely stopped.
However, securing an adequate supply of raw materials poses a significant challenge. The most substantial hurdle lies in Götaland, already grappling with a severe wood shortage.
Daily port off-take has seen a slight reduction but remains within the normal range for this time of year.
Poland is Kazakhstan’s biggest plywood importer with second-ranked Latvia at 12.6% of total exports, while Estonia takes 4.4% and Lithuania 2.7%.
Overall housing starts increased 3.9% to a seasonally adjusted annual rate of 1.45 million units.
Latvia, the second-largest wood pellet supplier to the UK, experienced a substantial 47% decline.
After a decline of 17.3% in the last 12-month period, the softwood lumber showed an impressive 8.6% increase.
The EU share of the U.S. softwood lumber imports increased by 2 percentage points to 15%.
The supplies of lumber to China jumped by 47%.
In January-April, the cumulative wood imports reached 2.54 million m3. Estonia was the largest contributor, accounting for 35% of the total. Latvia held a 31% share, while Sweden constituted 24% of the imported wood.
Supplies to Portugal accounted for a substantial 59% share of Brazil's total log exports comparing to 34% year ago.