Exporters expect prices to rise in June.
Märkte
Price for logs exported from Japan lost 5%.
Exports of particle board from Turkey increased 23%.
Imports of plywood to Japan expanded 16%.
Exports of wood chips from Vietnam to Japan contracted 12%.
Imports of wood pellets to Japan grew 22%.
Price for lumber imported to Japan rose 1.4%.
The price of particle board dropped by 7.6%.
Company plans to close the Hürth newsprint mill and shut down a fine paper machine at Nordland Papier (PM 3) in Dörpen.
Exports of lumber from Latvia increased 17%.
Imports of logs to European Union contracted 7%.
U.S. home prices show continued growth in major metro markets.
The Madison’s Lumber Prices Index for the week ending May 24, 2024 was US$417 mfbm. This is up by +0.2%, or +$1, from the previous week when it was US$416.
In the week ending May 17, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$383 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $383.
Price for lumber exported from Thailand contracted 8%.
Imports of wood veneer to India contracted 19%.
The average price for MDF dropping by 2%.
Exports of lumber from New Zealand expanded 24%.
Exports of lumber from Lithuania contracted 8%.
Inflation pressures eased to one of the lowest levels in over three years, but remained high by pre-pandemic standards.