Softwood lumber prices were up in both North America and Europe in the 4Q, but it was more the result of lower inventory levels and reduced production rather than an increase in demand, reports the Wood Resource Quarterly. The hot market for lumber last year was China, which increased imports by 75% thereby passing Japan as the largest importer in Asia.Seattle, USA. March, 2010.
Between 2000 and 2005, Chinese timber imports tripled from 10 million to 30 million cubic metres. The import of sawn solid wood products also experienced a similar trend. During the second quarter of 2009, China was the world’s second-biggest importer of sawn softwood products.
As 2009 came to a close, Canfor Corp. announced it would invest $16 million to upgrade its Chetwynd sawmill for a planned re-opening this spring.
After a 20-month shutdown, the restart will put about 70 people back to work.
Global softwood lumber markets were mixed in 2009 - up in China and Africa, while slow in the US
(SkyNewswire.com)--- Seattle, USA. Softwood lumber markets continued to be weak in Japan and the US during the 3Q/09, but have improved in Europe and, surprisingly, northern Africa, according to the Wood Resource Quarterly.