Exemption benefits global wooden pallet industry in EU regulation adaptation.
Duties and Tariffs
Sonoco announced it is implementing a Euro 60 per ton and GBP 50 for UK market, price increase for all grades of uncoated recycled paperboard (URB) sold in Europe effective for deliveries after 15th April 2024.
However, a number of factors may limit the rapid expansion of unprocessed timber exports to China.
An increase of 10% or more over current prices will be applied to all consignments delivered from April 1, 2024 onwards.
This change is expected to lower the expenses for homeowners selling their properties by potentially reducing the standard commission rates, which have historically been among the highest globally.
Once the investigation process is complete, the anti-dumping duties, as high as 15.8%, will be applied retroactively on all imports of birch plywood into the EU from 22 August 2023 and for all future imports from Kazakhstan and Türkiye.
U.S. mortgage rates increase for the fourth consecutive week.
Södra is adjusting the base price for GROT, i.e. branches and tops, as of February 28.
The new price is valid from April 1, 2024
The implementation of the price increase will be effective for all markets effective on deliveries from April 1st.
By misdeclaring the species, country of origin, or harvest country of the wood, the couple managed to import these products into the U.S., thus violating federal laws.
Sappi Europe will increase prices for its Packaging & Speciality products by 5-8% effective on deliveries from 1 April 2024.
In the past year, lumber export volume decreased by 6.0%, and prices contracted by 36.3%.
The 30-year fixed-rate mortgage (FRM) averaged 6.63% as of February 1, 2024, down from last week when it averaged 6.69%. A year ago at this time, the 30-year FRM averaged 6.09%.
Sveaskog increases softwood pulp up to SEK 500(47.8)/m3fub.
Average long-term U.S. mortgage rate falls to 6.6%.
The longstanding dispute between the two nations over lumber exports, characterized by U.S. producers as unfairly subsidized, has persisted for decades.
The uncoated recycled paperboard increase is effective with new orders and shipments on and after February 5, 2024. The tube and core and protective packaging increase is effective with shipments on and after February 12, 2024.
The 30-year FRM averaged 6.62% as of January 4, 2024, up slightly from last week when it averaged 6.61%. A year ago at this time, the 30-year FRM averaged 6.48%.
Sonoco announced it will raise the price for all converted paperboard products by a minimum of 6%, effective with shipments in the United States and Canada, on or after February 1, 2024.