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Conifex Completes
Conifex Timber, out of Vancouver, BC, announced Monday that it has completed the acquisition of the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood Arkansas. As a result of this acquisition, our total annual lumber production capacity has increased by approximately 50% to 1.1 billion board feet and our total…
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Supply Chain Backlogs are Cleared, Forest Industry Assesses Inventory
At close Thursday, softwood lumber futures on the Chicago Mercantile Exchange launched upward $36 to US$584 but on minuscule volume traded. The looming contract close, at end of day Friday, sent just a few players into very high prices for their immediate needs. The September contract was trading at a more moderate $520 on lukewarm…
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Trump, Trade, and Tariffs
A flurry of news releases last week from many sources have started to shed light on the economic effects of these ongoing, expanding, rounds of tariffs started by the USA between increasing numbers of countries. Trade Barriers and Confusion are Wreaking Havoc for Manufacturers GRAPH CREDIT: [AFP via Straits Times] Just Friday a new flurry…
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US Manufacturing and Non-Manufacturing Index: June 2018
The US ISM manufacturing index, released Monday by the Institute for Supply Management: June 2018 Manufacturing ISM® Report On Business®, indicated expansion in June. The PMI was at 60.2% in June, up from 58.7% in May. The employment index was at 56.0%, down from 56.3% last month, and the new orders index was at 63.5%,…
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Canada Recent Tariff Statistics
Explained Statistics Canada Wednesday last week: On June 1, 2018, the United States implemented additional tariffs on selected Canadian steel and aluminum products exported to the United States. The additional tariff rates are 25% and 10% respectively. According to Statistics Canada’s international merchandise trade customs-based data, in 2017, the export value of aluminum products that are subject to the 10% rate…
