Imports of logs to China increased 8%.
Markets
Exports of lumber from Russia to China contracted 10%.
Price for sawlog exported from Germany to China contracted 9%.
Imports of hardwood bleached kraft pulp to China slid 3%.
Imports of softwood bleached kraft pulp to China contracted 9%.
High prices and mortgage rates continue to restrict home-buying.
Price for wooden pallets exported from China contracted 5%.
Sales drop 16% compared to previous quarter as lumber segment struggles; engineered wood products see steady demand.
Growth in imports led by sharp increases in volume from Vietnam.
Facing sanctions and struggling to capture demand in limited markets, Russian plywood producers now face a new threat: Chinese companies are building plywood plants in Russia.
In the week ending October 1, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$388 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $388.
Overall, sawlog prices rose by 25% year-on-year.
Exports of lumber from Thailand to China downed 2%.
The hardwood plywood exports to the European Union expanded by 33%.
Exports of logs from New Zealand to India increased 20%.
Price for lumber exported from New Zealand added 0.7%.
This marks a recovery from stagnation in 2023, driven by increased intraregional trade and offsetting geopolitical disruptions.
The company explains the increase as a response to ongoing raw material shortages, requiring swift adjustments to support forest owners.
Price for wood chips exported from Australia to China downed 3%.
Price for lumber exported from Finland to China slipped 3%.