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Tag: softwood lumber duties 2018

Japan Housing Starts: December 2017

Japan Housing Starts: December 2017

According to a report released by Japan’s Ministry of Land, Infrastructure, Transport and Tourism on January 31st, Japan’s housing starts in December 2017 were 76,751 units (down -2.1 per cent from the same month in the previous year), falling below the previous year’s results for six consecutive months, according to the Japan Lumber Journal Thursday. When compared to the previous month, the figure decreased by -9.4 per cent and the seasonally-adjusted annual rate was 936,000 units (down -2.7 per cent…

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Lumber Prices on a Runaway as Supply Continues Tenuous

Lumber Prices on a Runaway as Supply Continues Tenuous

A runaway lumber sales market surprised even Madison’s last week as Friday morning lumber futures on the Chicago Mercantile Exchange were cresting toward up-limit on the March contract, wavering at $480 but on small volumes. Actual support for lumber prices is definitely coming from the cash market, where under- stocked customers just keep coming back to suppliers for more and more wood they need right now for actual building projects. Ongoing supply constraints, as well as remnants of transportation woes,…

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NAHB 2018 International Builders’ Show®: January 2018

NAHB 2018 International Builders’ Show®: January 2018

For the three days of the annual National Association of Home Builders 2018 International Builders’ Show® (IBS) last week, building industry professionals from across the globe discovered a variety of products and innovative concepts that are sure to enhance their businesses moving forward. For all of 2017, the US construction industry added 210,000 jobs, a 35 per cent increase over 2016, according to the Bureau of Labor Statistics January 5. Even in December, with much of the nation frozen, the…

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Williams Lake, BC, Sawmill Post-Fire Rebuild

Williams Lake, BC, Sawmill Post-Fire Rebuild

Work is underway at Tolko Industries’ Lakeview Division in Williams Lake, BC, where the sawmill building was damaged by fire at the beginning of November. The Tolko board has approved the sawmill’s reconstruction, said Tom Hoffman, Tolko’s manager of external and stakeholder relations to the Quesnel Observer Tuesday. Williams Lake Sawmill Rebuild Tolko’s manager of external and stake-holder relations, Tom Hoffman, said to the Quesnel Observer Tuesday the company is trying to keep on as many employees as possible to…

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US Trade Entanglements

US Trade Entanglements

Madison’s has word from US Customs Brokers working the border that — upon requesting clarification from Customs and the DoC — it seems that, at least for now, shake and shingles are also captured in the highly punitive US softwood lumber CV and AD duties. As the bizarre US newsprint trade claim against Canada last week started to come into effect, documents were released this week with details of the Canadian appeal to the World Trade Organization against continued US…

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Canadian Forest Industry: Oct 2017

Canadian Forest Industry: Oct 2017

A flurry of full-year 2016 and October data for Canada’s forest products industry was released by Statistics Canada just before the end of last year. Manufacturing industry, including logging, and GDP by industry data is now out. Canada Forest Industry: October 2017 Total revenues reported by Canadian manufacturers increased to $664 billion in 2016, up 0.9 per cent or $6 billion from 2015, said Statistics Canada December 12. This follows a decline of $5 billion (-0.8 per cent) in 2015….

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North American Forest Industry Back to Regular Operations: Jan 2018

North American Forest Industry Back to Regular Operations: Jan 2018

Just as Madison’s predicted not three weeks ago, demand for solid wood products continues fierce in 2018 and prices are showing signs of further strength in the months to come. It almost seemed like in 2017 lumber prices didn’t have a usual seasonal low; as follow-through of strong demand after US Thanksgiving kept manufactured wood products moving briskly out of North American sawmills. This boosted prices off what would historically be noticeable drops. As Madison’s expected in the last issue…

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Canadian Forest Industry: Oct 2017

Canadian Forest Industry: Oct 2017

A flurry of full-year 2016 and October data for Canada’s forest products industry was released by Statistics Canada just before the end of last year. Manufacturing industry, including logging, and GDP by industry data is now out. Canada Forest Industry: October 2017 Total revenues reported by Canadian manufacturers increased to $664 billion in 2016, up 0.9 per cent or $6 billion from 2015, said Statistics Canada December 12. This follows a decline of $5 billion (-0.8 per cent) in 2015. Total expenses were relatively unchanged, down $203 million…

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US on Forestry Import Duty Frenzy

US on Forestry Import Duty Frenzy

In addition to Canadian supercalendered paper and softwood lumber, Canadian newsprint is now also being subject to an import duty from the US. As well, the US and China are currently in a fight over paper and cellulose pulp, levying duties on each other for respective domestic imports. Published on the US Federal Register Wednesday was a Final Determination from the International Trade Commission (the final final duty rates and conditions), finding Canada at fault. As expected. However the paperwork…

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Back to Full Operation for North American Forest Products Industry

Back to Full Operation for North American Forest Products Industry

Kiln-Dried Fir Softwood Lumber Sales Momentum Loss: December 2017 As in green fir, consistent and strong demand for Kiln-Dried Douglas-fir softwood lumber continued to come out of California – particularly the Southern part of the state – but overall it wasn’t enough to keep producers from lowering their asking prices. Players in the US intimated that the weaker prices had to do, at least in part, with an influx of Canadian dry fir that mills in the Great White North…

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