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Author: Kéta Kosman

Softwood Lumber CVD Gap Window *Use With Caution*

Softwood Lumber CVD Gap Window *Use With Caution*

Much fuss was made this week among operators subject to the  Canadian Softwood Lumber AD/CVD Case CVD GAP period. The issue requiring further clarification has to do with the ability of the U.S. Customs Broker to delay filing of a shipment’s “Entry Summary” for ten business days from the time the shipment is “Arrived” at the U.S. Customs Port of Entry.     Madison’s spoke with intrepid US Customs Broker Mike Jones [http://www.joneschb.com] Thursday for an accurate explanation of circumstances. With…

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Canada-US Softwood Lumber Trade: Further Updates

Canada-US Softwood Lumber Trade: Further Updates

Fast on the heals of British Columbia’s new NDP Premier John Horgan’s assertion last week that Canada and the US were “close” to a new softwood lumber trade deal, Canadian Prime Minister Justin Trudeau said on Tuesday he was “very hopeful” of getting a deal with the United States on softwood lumber, which has become an escalating trade dispute ahead of NAFTA talks this month. The two countries must chop down one big, remaining impediment to a deal on softwood…

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US Private Residential Construction Spending: June 2017

US Private Residential Construction Spending: June 2017

National Association of Home Builders analysis of Census Construction Spending data released Tuesday shows that total private residential construction spending stood at a seasonally adjusted annual rate of $US502.9 billion in June, 0.2 per cent lower than downwardly revised May estimates. It was the third consecutive monthly decrease after a strong start this year. Nevertheless, the total private residential construction spending was 9.2 per cent higher than a year ago. US Residential Construction Spending The monthly declines in US construction…

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Canada-US Softwood Lumber Trade: Further Updates

Canada-US Softwood Lumber Trade: Further Updates

Fast on the heals of British Columbia’s new NDP Premier John Horgan’s assertion last week that Canada and the US were “close” to a new softwood lumber trade deal, Canadian Prime Minister Justin Trudeau said on Tuesday he was “very hopeful” of getting a deal with the United States on softwood lumber, which has become an escalating trade dispute ahead of NAFTA talks this month. The two countries must chop down one big, remaining impediment to a deal on softwood…

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Canada Lumber Production, Exports; US Consumption, Imports & Log Exports: May 2017

Canada Lumber Production, Exports; US Consumption, Imports & Log Exports: May 2017

US Coniferous Sawn Wood Imports: May 2017 According to the latest figures from the US Department of Agriculture’s Foreign Agriculture Service, for January to May 2017 the USA imported US$2,235 billion of softwood lumber from the World, which amounts to a 17 per cent increase from the first five months of the previous year, when it was US$1,858 billion. The vast majority of this wood came from Canada, with US imports of Canadian softwood lumber up 16 per cent to…

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Japan Wood Demand Projection 2017

Japan Wood Demand Projection 2017

Japan’s Forestry Agency projected the country’s wood supply of structural laminated lumber for 2017 is up +5.2 per cent, and that of plywood is up +3.2 per cent compared to the previous year, said Japan Lumber Reports Friday. New housing starts in Japan are forecast by eleven private think tanks based on GDP for 1Q 2017 is 940,000 units, a drop of 3.5 per cent from 2016’s 974,000 units, said Japan Lumber Reports. The Agency wood demand 2017 projection for…

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Softwood Lumber Trade Update

Softwood Lumber Trade Update

British Columbia’s new NDP Premier John Horgan said Thursday after talks with Trump administration officials he was hopeful a dispute between Canada and the United States over softwood lumber could be resolved before NAFTA talks begin in mid-August, according to Reuters. Horgan told Reuters he saw no reason why the dispute should be part of the three-way North American Free Trade Agreement (NAFTA) talks between the United States, Canada and Mexico, which begin on August 16. Horgan made the comments…

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US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017

US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017

According to the US Census Bureau’s Housing Vacancy Survey, released Thursday the US homeownership rate was 63.7 per cent in 2Q 2017, which is statistically no different from its last quarter reading of 63.6 per cent. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9 per cent in 2Q 2016 said the Census Bureau. US HOME SALES AND INVENTORY, PRICES, OWNERSHIP RATES Home Ownership Rates, Household Formation: 2Q 2017 The rate of homeownership appears…

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British Columbia Lumber Exports: May 2017

British Columbia Lumber Exports: May 2017

Paul Ferley, assistant chief economist of the Royal Bank of Canada said at a briefing on the outlook for the US and Canadian economies and the impact of China, July 20 in Markham, ON. The top Canadian exports to China are resource-based goods such as pulp, paper and paperboard, seeds and beans, wood and wood products, mineral ores, motor vehicles and seafood. China is Canada’s second-largest trading partner in terms of bilateral trade and is second only to the US…

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PwC Global Forest, Paper, & Packaging Deals: 1Q 2017

PwC Global Forest, Paper, & Packaging Deals: 1Q 2017

Global Merger and Acquisition activity in the Forests, Paper, and Packaging sector in 1Q 2017 saw an increase in deal value relative to 4Q 2016, said PwC July 7. A total of 23 M&A deals were announced during Q1 2017 with a total value of US$4.2 billion and an average (median) deal size of approximately US$14.7 million. This compares to 39 deals in Q4 2016 with a total value of US$3.4 billion and an average (median) deal size of approximately…

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