Imports of softwood lumber to the U.S. increased 5%.
Markets
Price for plywood imported to the U.S. gained 1.3%.
Exports of logs from the U.S. upped 3%.
Prices adjusted in response to raw material shortages.
Project deliveries excel despite economic uncertainties and market pressures.
Imports of plywood to Japan rose 4%.
Exports of densified biomass fuel were 0.74 million tons and averaged $196.77 per ton in February 2024.
Loss narrows from previous quarter; European operations show resilience.
The production increased from March, but there was a decrease in new orders and export orders, though they remained in expansion territory.
Vietnam maintained its position as Japan's principal supplier.
In the week ending April 19, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$408 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down by -$44, or -10%, from the previous week when it was $452.
Growth driven by Vietnamese supplies.
February indices show growth across major metro areas.
Ingka Group, IKEA's largest retailer, announces a new wave of price reductions across its global markets, impacting thousands of products.
The Madison’s Lumber Prices Index for the week ending April 26, 2024 was US$433 mfbm. This is down by -2.5%, or -$11, from the previous week when it was US$444.
Canadian lumber leads with significant growth.
Softwood supply from New Zealand decreases amid lower prices.
Prices for pruned stems increase, logging residues drop
Price for wood pellets exported from Vietnam to Japan downed 3%.
The log prices decreased.