In 2021, the timber market begins with the rise of timber prices
Release date: February 1, 2021 08:45 Source: unknown Author: Internet Click:
Core summary: In the first full week of resuming work in 2021, the latest data on home construction and home sales outside the United States show a significant increase over the previous year.
· Mulianyun ·
Economic indicators for future housing construction and renovation are optimistic. The macroeconomic situation in the United States remains uncertain. But even in this part of the year, two things can be made clear: first, home builders report that it is difficult to find the goods to buy.
Another problem is the challenge of finding more workers to recruit. In fact, the latest data from the United States show that 472500 new residential construction jobs created between May 2020 and December 2020 offset the 456800 jobs lost in April and may. Similarly, throughout 2020, the U.S. has a net increase of 57200 jobs in housing construction and renovation.
Although it is too early to say the direction of timber market development, it is certain that prices will not fall in 2021.
According to Western SPF suppliers in the United States, the traditional holiday related slowdown is much shorter and much smaller than in previous years. Producers have raised their asking prices by two digits or more.
Western Canadian SPF producers report that demand will gradually decline by the end of 2020, partly due to Quebec's blockade and curfew, so sawmills are trying to focus on selling to the US market.
However, due to the continuous shortage of railway vehicles, resulting in logistics problems, the delivery time was delayed to the middle of March. Sawmill order documents have entered the first week of February.
During the festival, irresistible demand drives prices up. In the week ending 8 January 2021, the benchmark softwood commodity commodity SPF KD 2 × The price of 4 2 & BTR rose to $944 mfbm, up $70, or + 8%, from the previous week. Last week's price was $324, or 52%, higher than $620 a month ago.
Last week's benchmark cork panel, Western SPF KD 2, compared to a year ago × The price increase of 4 2 & BTR was + 135%.