Timber Trends Archive
The following documents are archived from previous years for your convenience.
Douglas-fir sawlog prices are leveling off across the Pacific Northwest after rising sharply since July. Pine sawtimber stumpage shows modest improvements across the US South. Softwood lumber exports from British Columbia to US fall 20 percent in March amid railway woes. Softwood lumber production in the US has yet to return to pre-recession levels.
Log prices in the US South have stabilized in real terms in 2017H2 after softening since early 2016 due to excess supply in most US South’s markets. Chinese demand for New Zealand softwood logs is predicted to rise in 2018. Global trade of softwood lumber reached a record-high in 2017. Announced increased lumber capacity in the US South at around 1 billion board feet this month.
Northwest US leads timber returns in 2017 among US regions. Russia to increase log export duty, nearly prohibiting log exports by 2021. New Zealand export log prices hit new record driven by strong Chinese demand. North America lumber prices continue to soar.
Softwood sawlog prices continue to soar in the Pacific Northwest, with Douglas-fir prices reaching pre-recession levels. The US South continues to lead as the highest margin sawmill region in North America given its low-cost log structure. Lumber shipments from Canada to the US are on track to decline in 2017 for the first time in five years. Chinese logging ban to boost demand for foreign timber.