{"id":87618,"date":"2024-05-23T08:49:56","date_gmt":"2024-05-23T08:49:56","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/how-the-european-softwood-lumber-prices-follow-the-dynamics-us-lumber-prices\/"},"modified":"2025-09-19T09:02:05","modified_gmt":"2025-09-19T09:02:05","slug":"how-the-european-softwood-lumber-prices-follow-the-dynamics-us-lumber-prices","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/how-the-european-softwood-lumber-prices-follow-the-dynamics-us-lumber-prices\/","title":{"rendered":"How the European softwood lumber prices follow the dynamics US lumber prices"},"content":{"rendered":"

The prices of softwood lumber quoted on the Chicago Mercantile Exchange can be used as a regressor to estimate the trend of customs prices for lumber in the European market. The prices of CME lumber tend to influence the physical prices of the European softwood lumber market with a delay of about 60 days.<\/span><\/p>\n

Softwood lumber<\/strong><\/p>\n

Within the softwood lumber market, an important reference benchmark is given by the price of the lumber future contract quoted on the Chicago Mercantile Exchange (CME). This price refers to lumber in the American market, which has undergone significant fluctuations in recent times that have affected the dynamics of European customs prices for softwood lumber. The following graph compares the financial price of CME lumber futures (green line) with the customs prices of spruce and pine lumber.
\nFrom the graph, it is evident that the financial prices of CME lumber anticipate the dynamics of spruce and pine lumber customs prices by about two months.<\/p>\n

\"\"<\/a><\/p>\n

The turbulence that has affected the financial prices of the United States market over the past 4 years has influenced the dynamics of European customs prices, resulting in two major price cycles over the 2020-2023 triennium. Since the beginning of 2024, European customs prices have continued to show a slight upward trend, while CME lumber has begun to experience an initial decline as early as April 2024.<\/p>\n

To analyze in more detail the actual dynamics of prices in the European lumber market, a table is provided with the annual averages of European customs prices expressed in euro\/ton over the last 6 years.<\/p>\n

Table of European customs prices for annual averages of sawn wood<\/strong><\/p>\n

\"\"<\/a><\/p>\n

From the analysis of the table of annual averages, a significant increase in the prices of oak and ash lumber is evident over the last 6 years. These two types of lumber are the only ones that have continued to register increases even in the first months of 2024. From 2019 to date, customs prices for oak and ash lumber are respectively 64% and 94% higher. All other lumber prices have recorded much lower increases compared to their 2019 levels, and, in terms of annual average, they are also undergoing a price reduction phase, even in 2024.<\/p>\n

Analysis of log prices<\/strong><\/p>\n

In the European customs market, prices for different types of logs are present. Among these, the most important prices are those related to eucalyptus, beech, and spruce logs.<\/p>\n

Table of European customs prices for annual averages of logs<\/h5>\n

\"\"<\/a><\/p>\n

The table above highlights the dynamics of the annual averages of the main European customs prices for the log market. From the analysis of the table, it emerges that the price of eucalyptus wood is the only one to register a reduction in prices starting from the 2022-2023 biennium and also, over the last 6 years, it has recorded price variations much lower than those of beech and spruce logs. Overall, the price levels of beech and spruce logs have increased by almost 60% compared to their 2019 prices, while eucalyptus wood prices have increased by only 17%.<\/p>\n

Analysis of wood-based panels<\/strong><\/p>\n

All types of wood-based panels fall within the category of processed wood: from plywood, to chipboard, to fiberboard. Below is a table containing the average annual price for the main types of processed wood panels on the European market.<\/p>\n

From the analysis of the table, it emerges that the prices of wood-based panels have undergone dynamics in the 2021-2024 period, all characterized by a growth phase followed by a reduction phase, but with different peaks. On one hand, OSB panels, which reached their peak already in 2021, are highlighted; on the other hand, birch plywood and tropical wood plywood are positioned, with a peak in 2023 and a still very weak decrease phase.<\/p>\n

Prices that currently continue to maintain relatively high levels compared to previous years are those of tropical wood plywood, which remain almost 60% higher than the 2019 average price. Other prices that, despite the decrease, remain higher than 2019 levels are those of various MDF panels, which maintain an average price level about \u20ac100\/ton higher than the 2019 average. Among the prices where we have returned to the same levels as 2019 are those of OSB panels, which, after rising from \u20ac402\/ton to \u20ac621\/ton in the 2019-2021 triennium, have returned to levels of \u20ac407\/ton in the first months of 2024.<\/p>","protected":false},"excerpt":{"rendered":"

The prices of softwood lumber quoted on the Chicago Mercantile Exchange can be used as a regressor to estimate the trend of customs prices for lumber in the European market. The prices of CME lumber tend to influence the physical … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-87618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nHow the European softwood lumber prices follow the dynamics US 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\/how-the-european-softwood-lumber-prices-follow-the-dynamics-us-lumber-prices\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How the European softwood lumber prices follow the dynamics US lumber prices - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The prices of softwood lumber quoted on the Chicago Mercantile Exchange can be used as a regressor to estimate the trend of customs prices for lumber in the European market. 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