Canadian Price Increases Push North American Wood Fiber Prices Higher in Second Quarter

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WATKINSVILLE, GEORGIA, UNITED STATES, June 29, 2023/EINPresswire.com/ — North American wooden fiber costs elevated 5% year-over-year by Q2 2023 in accordance with the Forisk Wood Fiber Evaluation (FWFR). Slowing paper demand, falling lumber costs, and tight labor markets contributed to fiber value volatility all through 2022 and into the primary half of 2023.

Canadian roundwood costs elevated 12% year-over-year and chip costs rose 28%. Softwood pulplogs in British Columbia and the Maritimes elevated 2% whereas reducing 8% in Japanese Ontario/Quebec for the quarter in Canadian {dollars}. Delivered softwood chip costs rose throughout Canada, with the most important rise in the E. Ontario/Quebec area, up 27% for the quarter. “The forest merchandise trade stays difficult in Western Canada resulting from fiber shortages and prolonged hearth seasons,” in accordance with Vickie Swanton, Forisk’s Western Area Consultant. “The sawmill sector is a combined bag, with some services reopening after idling earlier this 12 months and others taking prolonged, unscheduled downtime. Pulp and paper mills should not exhibiting many rays of hope both, as firms are completely closing pulping strains or taking prolonged market associated downtime.”

U.S. roundwood and chip costs each fell round 1% year-over-year. U.S. South fiber costs fell year-over-year for all product sorts in the South Central and Southeast areas. Softwood chip costs in the Southeast have been the one exception, remaining unchanged year-over-year. “Pulp and paper mills, the market drivers in the South, continued to function at diminished charges resulting from finish markets and mechanical points following the 2022 winter freeze,” famous Stephen Wright, Product Supervisor for the FWFR. “With the lower in fiber demand from value setters in the areas, firms with lower-margin merchandise have been profitable at driving the worth of fiber down in Q2.”

Wood fiber prices account for over half of whole pulp manufacturing value worldwide. The Forisk Wood Fiber Evaluation contains costs and market commentary for all main North American areas, offering important knowledge for anybody that should observe pulpwood, wooden chips, and biomass costs in the world’s largest and most dynamic wooden fiber markets. The FWFR supplies updates of softwood and hardwood costs for all main markets in North America. Prices are reported for wooden delivered to consuming crops as a spread and common value. Every report additionally updates U.S. and Canada commerce statistics for lumber, logs, wooden pellets, wooden chips and pulp.

For extra info or to subscribe to the Forisk Wood Fiber Evaluation, go to www.forisk.com or contact: Heather Clark, hclark@forisk.com, 770.725.8447.

Heather Clark
Forisk Consulting
+1 770-725-8447
hsclark@forisk.com
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