Recent Domestic And Foreign Timber Market Analysis

Domestic market:

According to market feedback on the shrinking volume of raw material imports, the current imported white pine is mainly produced in Germany. The output of white pine and spruce in other parts of Europe and the United States has been passively compressed due to the adjustment of national policies, and the port congestion has not been significantly relieved, and the arrival period has been doubled. In the current period, due to the dry weather in summer, the water level of some important waterways in Europe is low, the ship's traffic is restricted and the full load rate is poor, shipping delays are frequent, and the comprehensive freight rate is still high.

In the second quarter, there were not many orders in Europe and North America, so there were not many arrivals in July/August/September. Therefore, the domestic spot inventory at the end of August and September will decrease by a certain percentage. During this process, some specifications will be in short supply. Prices stabilized or rebounded with support.

Foreign aspects:

In Russia, there is no sign of easing in capacity in a short period of time. If the ruble remains strong, it will be difficult for Russian timber factories to follow the pace of falling prices in European factories, and the proportion of production reductions or shutdowns will increase. Belarusian capacity is limited, and timber exports will be limited.

The North American Chicago futures price has recently broken the low point in mid-June, and fell as low as 479.2 US dollars per thousand board feet last week, the lowest point in nearly a year, and the supply of North American lumber has increased in the downward index.

South America has lagged behind in the past response, and now there is also obvious inventory

pressure, increasing offers, and foreign businessmen are willing to accept lower price transactions.

From the perspective of the international and domestic markets, the futures price: mainly depends

 on the difference between the amount reduced by Russia and the increase in Europe and America due to various reasons. Appears to continue down.