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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: November 2019

North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: November 2019

North America Softwood Lumber Production: Jan – Nov 2019 Last year started out pretty flat but by 3Q 2019 North American softwood lumber production recovered nicely, says the latest issue of the Western Wood Products Association’s monthly Lumber Track, for January-November 2019. The latest data shows US lumber production volume improving enough to match the same time last year, to 32,612 mmfbm. As most of last year, January – November softwood lumber production in Canada continued big drops compared to…

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Utility-Grade Lumber Prices Jump, Forestry Labour Stoppage Resolved, Sawmill Capacity Utilization Improves

Utility-Grade Lumber Prices Jump, Forestry Labour Stoppage Resolved, Sawmill Capacity Utilization Improves

What a month for Big News in forestry February 2020 has been so far; with last week’s US Commerce Dept announcement of preliminary lowered softwood lumber duties on Canadian wood imports, and just this week a potential resolution to the extremely long-lasting forestry labour disruption on British Columbia’s west coast.As well this week the Western Wood Products Association’s monthly Lumber Track shows Canadian sawmill capacity utilization starting to recover from brutal lows in the first half of 2019, while in…

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Western-Spruce-Pine-Fir #3/Utility Prices Surge: Feb 3, 2020

Western-Spruce-Pine-Fir #3/Utility Prices Surge: Feb 3, 2020

Madison’s Lumber Reporter has received several inquiries over the past couple of weeks about the reasons behind the sudden surge in #3/Utility grade Western-Spruce-Pine-Fir dimension softwood lumber prices. After connecting with industry, Madison’s discovered these lumber market conditions: Sales volumes cruised along at a “great pace” this week for Canadian producers of Western-Spruce-Pine-Fir softwood lumber commodities. Demand for 2×10 High Line was apparently the hottest thing in the universe, while supplies of low grade offerings were scant yet in high…

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US Commerce Dept Preliminary Ruling Significantly Lowers Canada’s Softwood Lumber Duty

US Commerce Dept Preliminary Ruling Significantly Lowers Canada’s Softwood Lumber Duty

As the Softwood Lumber Dispute V file winds it’s way through the usual US domestic as well as international trade court tribunals, a preliminary ruling Monday from the US Commerce Dept brings a sharp reduction in the duty rates paid on Canadian softwood lumber entering the US. All companies named, as well as the group “all others” category — except Resolute Forest Products — will likely be paying much less on their wood sold into the US come August 2020.The…

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US Commerce Dept Preliminary Determination Lowers Canada’s Softwood Lumber Duty Rate Significantly

US Commerce Dept Preliminary Determination Lowers Canada’s Softwood Lumber Duty Rate Significantly

February 3, 2020, the U.S. Department of Commerce released its preliminary determination for the First Administrative Review (AR1) in antidumping duty (AD) and countervailing duty (CVD) investigations of imports of certain softwood lumber products from Canada. The final determination by the US Commerce Dept on Canada’s softwood lumber duty rate will be in August. At that time duty rates could be lowered to: 9.08 per cent from 23.56 per cent for West Fraser 4.63 per cent from 20.52 per cent…

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Construction Framing Dimension Softwood Lumber Price Pop Up This Week

Construction Framing Dimension Softwood Lumber Price Pop Up This Week

Updated for subscribers Friday morning 8:30am Eastern Time, Madison’s weekly North American softwood lumber prices move up this week as good housing construction weather continues in various densely-populated parts of the US and Canada. Another week of strong softwood lumber demand capped off an encouraging first month of 2020. https://madisonsreport.com Inventories of dimension lumber and panel products with suppliers described as plump, while sawmills report order files stretching out multiple weeks. Producers describe log supply as “very good”.

US House Prices vs Construction Framing Softwood Lumber Prices: 4Q 2019 and Jan 2020

US House Prices vs Construction Framing Softwood Lumber Prices: 4Q 2019 and Jan 2020

Home-price growth in the US accelerated in November 2019, in the latest sign the home-sales market is picking up steam after a slow start to 2019. The S&P CoreLogic Case-Shiller National Home Price Index rose +3.5% in the 12 months to November, up from a +3.2% annual pace the prior month.National home price gains coincide with an increase in buying activity. December was the strongest month for existing home sales last year, with purchases increasing 3.6%. After remaining flat at…

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Madison’s Western S-P-F Lumber Prices Jan 31: sneak preview

Madison’s Western S-P-F Lumber Prices Jan 31: sneak preview

The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a SNEAK PEAK at tomorrow’s benchmark WSPF prices: After staying flat for the past four weeks,The wholesaler price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr for Jan 31 popped up +$6 on strong demand, to US$408 mfbm (net FOB sawmill), from US$402 mfbm last week. This week’s lumber market story published to…

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British Columbia Coast Logging Work Stoppage: Jan 2020

British Columbia Coast Logging Work Stoppage: Jan 2020

This month was held the annual British Columbia Truck Loggers Association AGM in Vancouver, BC, where the Premier of BC, John Horgan, announced $5 million in funding to assist contractors at risk of losing equipment to the banks. The move is in response to this record-breaking seven month strike, and is intended to pay existing loans for timber harvesting equipment. Some 3,000 loggers with the United Steelworkers Local 1-1937 went on strike July 1, 2019 against major forestry firm Western…

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North America Commercial Heating Wood Pellet Market 2019 Wrap-Up

North America Commercial Heating Wood Pellet Market 2019 Wrap-Up

prices for commercial/residential heating wood pellets in the US are quite a bit higher than in Canada (when converting USD to CAD) UNITED STATES Commercial/Residential Heating Wood Pellet Prices as well, the relationship between US retail and wholesale heating wood pellet prices is far more correlated than in Canada there is a peak in US prices for 3Q 2019 CANADA Commercial/Residential Heating Wood Pellet Prices in Canada wholesale heating wood pellet prices are much more stable than are retail, which…

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