Tag: COVID-19

April pellet price low in Germany

Despite corona-related increased demand, wood pellets in April 2020 are significantly cheaper than in the previous month at 245.94 € / t. Compared to March, a decrease of 4.2% for a 6 t purchase volume reports the German...

In 1Q 2020 Russian sawn timber exports to China decreased by 15%

The volume exports of Russian sawn timber to China in 1Q 2020 decreased by 15% QOQ to 3.9 million m³. The decrease in consumption in the Chinese market due to the restrictions introduced, against the backdrop of the...

Furniture sector in EU hard hit by pandemic

It is far too early to assess the full impact of COVID-19 on EU furniture imports this year, but early signs are that the downturn will be at least as great as during the financial crises of 2008-2009....

Amid the coronavirus pandemic, Syassky PPM has increased the output of sanitary tissue products by 50%

In addition to increasing the output, Syassky PPM is expanding its storage facilities. The plant commissioned the first phase of its new warehouse with an area of 4,000 m2, the second stage with an area of 6,000 m2...

UPM: Sales decreased by 15% to EUR 2,287 million in Q1 2020

Sales decreased by 15% to EUR 2,287 million (2,693 million in Q1 2019) due to lower pulp and paper prices and lower deliveries of graphic papers. Comparable EBIT decreased by 26% to EUR 279 million (374 million). UPM...

The furniture and wood-based panels sectors are one of the most affected of the Russian timber industry during the COVID-19 period

It appears that the most affected sectors of the timber industry remain to be the production of furniture and wood-based panels. Diminution in demand for furniture, interior design items, and finishes is forcing Russian producers of particleboards, MDF,...

Russian Timber Journal 04-2020: Opinion poll of Russian timber companies on the impacts of the coronavirus on outputs and sales; the Government of the Russian Federation approved a list of systemic timber enterprises and measures to support them; how the spread of COVID-19 affects operations of world timber companies (update)

Russian Timber Journal 04-2020: in mid-May 2020, WhatWood agency conducted an express survey of the largest timber industry players about how the coronavirus epidemic affected their production activities and the sales situation; the Government of the Russian Federation approved...

Maersk predicts a 25% drop in maritime freight traffic in Q2 2020

According to Maersk company report global container trade declined by 4.7% in Q1 2020, primarily due to the COVID-19 pandemic that impacted both the supply chain and demand. Container demand is expected to weaken further in 2020, particular...

Impact of Covid 19 on timber markets: European Union

On 23 March, the Commission issued new practical advice on how to implement its Guidelines for border management, in order to keep freight moving across the EU during the current pandemic. To ensure that EU-wide supply chains continue...

World Forest Sector during the Pandemic: China

According to the figures provided by the National Bureau of Statistics of China (NBS), the Purchasing Managers’ Index (PMI) in the manufacturing sector of China rose from a record low of 35.7 in February to 52 in March....

Impact of Covid 19 on timber markets: Italy

To cope with COVID-19, the country is going to allocate up to 20% of its GDP. With the quarantine, some furniture companies (Molteni, Poliform) cut back production. Natuzzi has also slowed down its operations and is looking for...

Russian Timber Journal 03-2020: how the spread of coronavirus (COVID-19) affects operations of world timber companies; the Russian Government to slash duties on pulpwood of Far Eastern species to zero and increase export quotas by the end of 2020; Russian Forest Industry Review 2019-2020

Russian Timber Journal 03-2020: coronavirus infection was recorded in many countries of the world, the development of the situation showed that COVID-19 has a direct impact on all areas of the economy, including the timber industry — forest...