North America

Canfor extends sawmill curtailments in BC

Canfor Corporation will extend sawmill curtailments in British Columbia (B.C.) due to ongoing weak market conditions and the lack [...]

China to reduce tariffs on wood products with effect from Jan 2023

According to the Ministry of Finance of China, the Customs Tariff Commission of the State Council has issued an announcement [...]

US lumber prices continue to fall despite low inventories

Wood-pricing service Random Lengths said that its framing-lumber composite index dropped in the last week of 2022 to [...]

Tolko extends B.C. shutdowns due to weak markets

Tolko Industries has announced that as of January 2, 2023, its Soda Creek and Armstrong Lumber operations in B.C [...]

Rayonier completes acquisitions in U.S. South

Rayonier Inc. completed its previously announced acquisitions of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana from [...]

China: Hopes that Covid restriction easing would bring back wood demand

Several major Chinese banks have adopted a government led 16-point rescue plan to extend billions to struggling private developers [...]

US homebuilders buy time with huge backlogs

The US housing market has fallen off a cliff, but for now, homebuilders are biding their time. As bad as [...]

India: Weak log and sawn timber import market

Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report [...]

Global container freight rates falling sharply

For more than two years the only way for container shipping prices was up. That trend is now reversing as [...]

Lumber futures rise on more Canadian sawmill curtailments

US lumber futures rose by the most allowed by exchange rules following Canfor's announcement that it would further curtail [...]