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Global Trends Review

Major trends of the week in the world’s forest industry.

EIA: Russian birch products bypass US sanctions via Vietnam

October 11, 2022 ` 19:09  
Russian birch wood is routed through Asia before being shipped to American stores, reports The Washington Post, citing an exclusive report from the Environmental Investigation Agency. The Environmental Investigation Agency (EIA), a nonprofit watchdog group based in Britain,...

UK detects Russian origin of imported Chinese plywood

September 6, 2022 ` 22:27  
Timber Development UK (TDUK), has issued a trade alert urging vigilance to ensure no plywood offered by Asian manufacturers to UK importers contains birch originating in Russia. TDUK note that a worrying development has emerged in recent weeks...

US lumber prices decline in early August

August 18, 2022 ` 13:32  
Dropping markedly after two weeks flat, for the week ending August 5, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was $610 mfbm, according to Madison’s Lumber Reporter. This is down by...

US housing starts hit 18-month lows

August 18, 2022 ` 13:21  
Construction of new US homes hit 18-month lows in July, according to Commerce Department data on Tuesday that suggested that interest rate hikes by the Federal Reserve were boosting mortgage rates that in turn were strangling the property...

Russian Timber Journal 05-2022: interview with Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users operating LesEGAIS; plywood production continues to decline in Russia; Valmet’s withdrawal from Russia is progressing; Rehau to withdraw business in Russia

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

US OSB prices have skyrocketed more than 500% since January 2020

August 17, 2021 ` 22:01  
The price of OSB has increased 510% since January 2020, exceeding the peak price increase in lumber by nearly 180 percentage points in the USA, as the National Association of Home Builders (NAHB) reported. Although plywood panel prices have substantially...

Malaysia: Furniture manufacturers ask again that factory operations be allowed

August 17, 2021 ` 21:37  
Malaysia continues to see an upward trend in the rate of Covid-19 infections with 17,045 recorded in one day in late July, the highest ever in a day since the pandemic hit the nation. The cumulative total infected...

US lumber prices continue to plummet

July 27, 2021 ` 13:42  
According to Madison’s Lumber Reporter, in the week ending july 16, 2021 the wholesaler price of benchmark softwood timber commodity item Western S-P-F KD 2×4 #2&Btr was $555 ($359/m³), reaching the minimum value since the beginning of the...

U.S. housing starts rise in June

July 21, 2021 ` 17:41  
U.S. homebuilding increased more than expected in June, though expensive lumber, as well as shortages of labor and land, continued to constrain builders’ ability to fully take advantage of robust demand for housing. Housing starts rose 6.3% to...