{"id":81108,"date":"2021-08-26T10:56:23","date_gmt":"2021-08-26T10:56:23","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/canadian-sawmills-stop-production-due-high-lumber-prices\/"},"modified":"2025-09-19T08:55:58","modified_gmt":"2025-09-19T08:55:58","slug":"canadian-sawmills-stop-production-due-high-lumber-prices","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/canadian-sawmills-stop-production-due-high-lumber-prices\/","title":{"rendered":"Canadian sawmills stop production due to high lumber prices"},"content":{"rendered":"<p><em>Conifex Timber Inc. said it will temporarily slow production at its sawmill in Mackenzie, British Columbia, due to an \u201cunprecedented collapse in lumber prices.\u201d It will curtail production for two weeks starting Aug. 23.<\/em><\/p>\n<p>North American lumber companies may have added too much production, too quickly, as demand cools and prices for the construction material plunge. After more than quadrupling in 12 months to record highs, lumber has sunk about 70% since May. The crunch is particularly acute in Western Canada because of higher costs.<\/p>\n<p>Producers were swimming in cash earlier this year after rock-bottom borrowing rates during the pandemic led to a house-building boom, while locked-down home owners spent money on do-it-yourself renovations. But DIY purchases have dropped and the lumber rally has priced out some buyers.<\/p>\n<p>Sawmills have ramped up production and announced large investments to expand capacity in the U.S. South, where timber plantations are plentiful and log prices are lower. Increased production, combined with slowing demand, caused lumber inventories to increase faster than expected.<\/p>\n<p>More mills will likely follow Conifex\u2019s lead with additional curtailments in the near future. If not, they will need to decide how much of their first-half 2021 profits can be thrown away while awaiting higher prices, said Greg Kuta, chief executive officer of Westline Capital Strategies Inc., which specializes in lumber-trading strategies.<\/p>\n<p>\u201cThe market is still over-supplied relative to demand,\u201d Kuta said by email. \u201cThe supply-side needs to be addressed for price stability and future price appreciation.\u201d<\/p>\n<p>U.S. lumber futures are trading around $400 per thousand board feet, after reaching more than $1,700 in May.<\/p>\n<p><strong>Canfor to cut production at BC sawmills by 20%<\/strong><\/p>\n<div class=\"article-content\">\n<p>Canfor\u00a0Corporation announced that it will implement reduced operating schedules at its BC sawmills, with the exception of WynnWood, starting the week of August 30.<\/p>\n<p>As a result, Canfor\u2019s BC mills are expected to operate at approximately 80% of production capacity and operating schedules may continue to vary as economic conditions warrant.<\/p>\n<p>\u201cDue to challenging market conditions, we are implementing reduced operating schedules at our B.C. sawmills that will remain in place until demand and pricing meaningfully improve,\u201d said Stephen Mackie, executive vice president of North American operations.<\/p>\n<p>\u201cWe recognize the impact that volatile lumber markets have on our employees, contractors and communities and we will make efforts to mitigate the negative effects. We will also leverage our global operating platform to minimize disruptions in supply to our customers.\u201d<\/p>\n<p>Short-term production curtailments due to wildfires were announced at Canfor sawmills across Canada last month, resulting in the the curtailing of approximately 115 million board feet of production during the third quarter of 2021.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Conifex Timber Inc. said it will temporarily slow production at its sawmill in Mackenzie, British Columbia, due to an \u201cunprecedented collapse in lumber prices.\u201d It will curtail production for two weeks starting Aug. 23. North American lumber companies may have &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/canadian-sawmills-stop-production-due-high-lumber-prices\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715,4714],"tags":[3313,3289,3819,3762],"class_list":["post-81108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-canada","tag-canfor","tag-conifex","tag-lumber-production","topic-forestry","topic-industry-prices","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian sawmills stop production due to high lumber prices - 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\/canadian-sawmills-stop-production-due-high-lumber-prices\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian sawmills stop production due to high lumber prices - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Conifex Timber Inc. said it will temporarily slow production at its sawmill in Mackenzie, British Columbia, due to an \u201cunprecedented collapse in lumber prices.\u201d It will curtail production for two weeks starting Aug. 23. North American lumber companies may have &hellip; Continue reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/canadian-sawmills-stop-production-due-high-lumber-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-26T10:56:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T08:55:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/bunksofLumber.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1208\" \/>\n\t<meta property=\"og:image:height\" content=\"603\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-sawmills-stop-production-due-high-lumber-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-sawmills-stop-production-due-high-lumber-prices\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"Canadian sawmills stop production due to high lumber prices\",\"datePublished\":\"2021-08-26T10:56:23+00:00\",\"dateModified\":\"2025-09-19T08:55:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-sawmills-stop-production-due-high-lumber-prices\/\"},\"wordCount\":438,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-sawmills-stop-production-due-high-lumber-prices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/bunksofLumber.jpg\",\"keywords\":[\"Canada\",\"Canfor\",\"Conifex\",\"lumber production\"],\"articleSection\":[\"Companies in the timber industry\",\"Latest Trends\",\"Market Analysis\",\"Wood Industry Prices\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/canadian-sawmills-stop-production-due-high-lumber-prices\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/canadian-sawmills-stop-production-due-high-lumber-prices\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/canadian-sawmills-stop-production-due-high-lumber-prices\/\",\"name\":\"Canadian sawmills stop production due to high lumber prices - 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