According to Wood Resource Quarterly (WRQ), lumber prices in the U.S., have experienced a spectacular surge in 2017 and the first half of 2018. By the end of the 2Q/18, the benchmark lumber price index reported by the market report Random Lengths reached its highest level in at least 30 years. 

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Local media reported that the cost of logging timber had become prohibitively expensive, and the log yard was nearly empty.  

These days, logs are stacked high next to a humming mill. Production is up 20 percent from even just 2016.

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The price of lumber is no longer sky-high, industry says it’s still a great time for wood, reports from Edson Leader.

“This is quite an amazing period for our sawmills,” says Mark Kube, a forest markets and production innovation forester for the Alberta government. There are more than 70 mills in the province.

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Global wood pellet markets, both the heating and industrial sectors, have had significant growth in the past decade. Growth rates over the most recent four years of data has been about ten per cent annually; from about 19.5 million metric tonnes in 2012 to about 28 million metric tonnes in 2015, reports from FutureMetrics.

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The first manufacturer of cross-laminated timber (SmartLam) in the US, announced that it is expanding its operations to the East Coast by opening a new manufacturing facility in Maine.

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EU Wood Flooring Exports and Imports Decline

Recent strengthening of European currencies against the US dollar has helped boost the competitiveness of external suppliers of flooring to the EU market, but so far this has only slowed their decline in share and not led to any significant improvement in sales.

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Acimall’s market survey for Q4 indicates that 2018 will be a promising year for the wood technology industry.

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After the currency-driven global lumber price slump in 2015, market demand and prices both started to improve in 2016. While overall global demand improved modestly in 2017—at only half the rate of 2016—there have been supply disruptions and changing dynamics that created a wild and unpredictable market that surpassed everyone’s expectations. 

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India Manufacturers Increase Prices By 5%

Plywood manufacturers, under the aegis of Punjab Plywood Manufacturers Association (PPMA), organised a meeting which was presided over by association president Ashok Juneja.

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Russia

Russian softwood lumber exports to China increased by 23 percent year-on-year in the third quarter of 2017 and six percent amongst other export destinations with China accounting 57 percent of total exports.

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