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Madison’s Weekly Lumber Market Comment
True summer-like days extended across North America this week as lumber and panel prices in the US and Canada floundered, writes Keta Kosman in Madison’s Lumber Reporter www.madisonseport.com Producers and wholesalers could not agree on the situation with the cash market; resellers claimed growing inventories and weak demand even as sawmills increased production. Prices of…
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India and Wood Products
Nearly 75 per cent of Myanmar’s timber trade is illegal, accounting for an estimated US$6 billion, according to the Myanmar Times. The majority of this timber has been exported to China, Thailand, and India — without processing. In the last 14 years, 8 million cubic metres of wood was traded without the permission of the…
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US Building Season 2014
The inside word with forest product industry players this year is that hot US remodelling and DIY activity, as well as continued stable demand for industrials, are keeping North American lumber supplies lean. Many agree that — barring an extreme circumstance — lumber manufacturing volumes have stabilized and solid wood prices have found a floor.…
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Global Log and Lumber Markets
A purported ‘herd mentality’ in China has brought prices of radiata pine softwood logs for May in New Zealand down sharply. Some industry watchers think the drop is a ‘short term blip’. New Zealand “eastern seaboard log inventories have suddenly risen to close to five million cubic metres. This represents about four months’ supply at…
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Mass Timber Building
Following the success of Australia’s tallest fully timber residential tower, the Forté apartment complex in Melbourne’s Docklands by Lend Lease last year, comes that nation’s tallest timber commercial building. To be located on Sussex Street in Sydney’s central business district, the seven storey building is designed by Fitzpatrick + Partners and delivered by Lend Lease.…
