U.S. mortgage rates move up.
Duties and Tariffs
Due to continuous cost increases, Felix Schoeller will raise its prices for release liners globally from June onwards.
U.S. mortgage rates drop below 7% for the first time in more than a month.
U.S. mortgage rates continue to decrease.
The average price per cubic meter of plywood decreased by 13%.
New regulation targets circumvention practices, imposing retrospective duties.
U.S. 30-year FRM averaged 7.22% as of May 2, 2024, up from last week when it averaged 7.17%. A year ago at this time, the 30-year FRM averaged 6.39%.
Sappi Europe will increase prices effective on deliveries as from June 2024.
SCA increases the prices on brown and white kraftliner in Europe by Euro 60 per tonne.
At the end of 2023, the total plywood production capacity in China was about 205 million m3 per year.
A year ago at this time, the 30-year FRM averaged 6.39%.
U.S. mortgage rates climb for a second week.
U.S. mortgage rates continue to show little movement.
In 2023, Russia decreased of plywood exports into the U.S. by 52%.
Sappi Europe will renew price negotiations to reach the level of min. 10% originally announced, with implementation latest by 1 May 2024.
U.S. 30-year FRM averaged 6.79% as of March 28, 2024, down from last week when it averaged 6.87%.
Joint investigation reveals sophisticated trade rerouting to smuggle sanctioned goods into Europe.
Exemption benefits global wooden pallet industry in EU regulation adaptation.
Sonoco announced it is implementing a Euro 60 per ton and GBP 50 for UK market, price increase for all grades of uncoated recycled paperboard (URB) sold in Europe effective for deliveries after 15th April 2024.
However, a number of factors may limit the rapid expansion of unprocessed timber exports to China.