{"id":76706,"date":"2018-11-07T10:18:39","date_gmt":"2018-11-07T10:18:39","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/resolute-ceo-says-canadian-lumber-markets-crisis\/"},"modified":"2025-09-19T08:49:22","modified_gmt":"2025-09-19T08:49:22","slug":"resolute-ceo-says-canadian-lumber-markets-crisis","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/resolute-ceo-says-canadian-lumber-markets-crisis\/","title":{"rendered":"Resolute CEO says that the Canadian lumber market’s crisis is over"},"content":{"rendered":"

The decline of lumber prices in Canada is, most likely, over. Even if prices\u00a0won\u2019t rebound to this year\u2019s highs, the market is close to its bottom.<\/em><\/p>\n

According to\u00a0Resolute Forest Products Inc. chief executive officer Yves Laflamme, lumber prices have fallen 50% from the May records, while the\u00a0lumber futures tumbled to a 28-month low. This situation caused Interfor Corp.\u00a0 to announce plans to reduce output by 20% at its British Columbia sawmills.<\/p>\n

Moreover, Canfor Corp. on Thursday said it will to cut production 10% in British Columbia in the fourth quarter.<\/p>\n

At the moment, Resolute\u00a0reduced shifts at some mills in Thunder Bay, Ontario, and Quebec to adjust log inventory. Also,\u00a0the company will pay about $88 million in import duties to the U.S. by the end of the year, and neither side appears to have \u201cany interest\u201d in a deal, Laflamme added.<\/p>\n

Earlier this year, the tight\u00a0supplies, trade disputes and transport bottlenecks sent lumber futures higher. This caused the\u00a0the outlook for U.S. housing to start and trail some expectation.<\/p>\n

Yet, the results for the fourth quarter of 2018 won't be that good, given the\u00a0persistent dispute between Canada and the U.S. over softwood lumber.<\/p>\n

\n

On the outlook for lumber prices, \u201cI\u2019m not expecting to go back to where we were because that was the exception<\/em>,\u201d though the market will be \u201cbetter in the next few months<\/em>,\u201d\u00a0Laflamme said.<\/p>\n

On Thursday, lumber futures in Chicago rose by the $15 exchange limit to $326 per 1,000 board feet. On May 18, the price surged to a record $648.50.<\/p>\n

Resolute\u2019s shares in Toronto soared 20 per cent, the most in a year, after the company reported adjusted per-share profit in the third quarter that topped the highest estimate by analysts.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The decline of lumber prices in Canada is, most likely, over. Even if prices\u00a0won\u2019t rebound to this year\u2019s highs, the market is close to its bottom. According to\u00a0Resolute Forest Products Inc. chief executive officer Yves Laflamme, lumber prices have fallen … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715],"tags":[3313,3750,3511],"class_list":["post-76706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","tag-canada","tag-lumber-market","tag-resolute","topic-forestry","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"\nResolute CEO says that the Canadian lumber market's crisis is over - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/resolute-ceo-says-canadian-lumber-markets-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resolute CEO says that the Canadian lumber market's crisis is over - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The decline of lumber prices in Canada is, most likely, over. 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