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Canada Sawmill Production: April
Lumber production by Canadian sawmills increased 1.4 per cent in April from March, to 5,255.9 thousand cubic metres, according to Statistics Canada Friday. Compared with April 2013, lumber production declined by 2.9 per cent. Sawmills shipped 4,970.2 thousand cubic metres of lumber in April, up 13.4 per cent from March.
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US Housing Starts
Housing starts in the US fell 6.5 per cent in May to a seasonally adjusted annual pace of 1.001 million, the Commerce Department said Tuesday. That marked the first decline in four months. The decline was broad-based across regions and type of construction. Single-family housing starts fell 5.9 per cent, while multifamily fell 7.6 per…
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China Purchasing Managers Index
In May 2014, China’s purchasing managers index (PMI) for the manufacturing was released by the National Bureau of Statistics. The May PMI for the sector stood at 50.8, 0.4 points higher than in April. The May figure consolidated the growth trend for three consecutive months. In terms of size of enterprises, the PMI for large-sized…
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Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stock
June 20, 2014 MADISON’S WEEKLY LUMBER MARKET UPDATE AND OVERVIEW Provided by: Madison’s Lumber Reporter www.madisonsreport.com Near-panic among North America’s lumber and panel traders was narrowly averted this week as customers came in heavily to buy solid volumes of wood and the previously-tanking futures board reversed direction absolutely, wrote Keta Kosman in Madison’s Lumber Reporter…
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Sierra Pacific WA Sawmill Announcement
Sierra Pacific Industries, the second-largest lumber producer in America, is assembling a site at Frederickson in southern Pierce County, WA, to build a major new sawmill that could employ as many as 200 workers. The company is in the “due diligence phase” of this project, and is investigating the potential benefits and detriments of the…
