Price for logs imported to Japan expanded 28%.
Markets
While the economy is stable and recovering, pressures on employment and demand persist, necessitating stronger policies to boost domestic demand and job growth.
Exporters expect prices to rise in June.
Price for logs exported from Japan lost 5%.
Exports of particle board from Turkey increased 23%.
Imports of plywood to Japan expanded 16%.
Exports of wood chips from Vietnam to Japan contracted 12%.
Imports of wood pellets to Japan grew 22%.
Price for lumber imported to Japan rose 1.4%.
The price of particle board dropped by 7.6%.
Company plans to close the Hürth newsprint mill and shut down a fine paper machine at Nordland Papier (PM 3) in Dörpen.
Exports of lumber from Latvia increased 17%.
Imports of logs to European Union contracted 7%.
U.S. home prices show continued growth in major metro markets.
The Madison’s Lumber Prices Index for the week ending May 24, 2024 was US$417 mfbm. This is up by +0.2%, or +$1, from the previous week when it was US$416.
In the week ending May 17, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$383 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $383.
Price for lumber exported from Thailand contracted 8%.
Imports of wood veneer to India contracted 19%.
The average price for MDF dropping by 2%.