Price for wood pellets exported from Vietnam to South Korea expanded 7%.
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Despite this growth, the current export volumes remain considerably lower than those seen before the January 1, 2022, Russian restrictions on roundwood exports.
Imports of wood pellets to South Korea increased 12%.
U.S. housing starts rose 5.7% in April, building permits fall 3%.
Price for lumber exported from Russia to Kazakhstan lost 12%.
The number of newly listed properties rose 2.8% month-over-month.
The average price per cubic meter of plywood decreased by 13%.
Retail sales were unexpectedly flat, indicating reduced consumer spending at online retailers and auto dealerships.
Exports of plywood from Russia to the U.S. lost 7%.
Sales of wood products increased by 1.9%.
New regulation targets circumvention practices, imposing retrospective duties.
In the week ending May 3, 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 down -$25, or -6%,from the previous week when it was $408.
In April, prices increased 6.2% from March
The Madison’s Lumber Prices Index for the week ending May 10, 2024 was US$415 mfbm. This is down by -0.5%, or -$2, from the previous week when it was US$417.
Exports of hardwood bleached kraft pulp from Brazil increased 12%.
Price for plywood imported to United Kingdom grew 11%.
Rapid growth from the U.S., price decreased 10%.
Price for lumber imported to Saudi Arabia slid 1.2%.
Exports of lumber from Germany to the U.S. lost 25%.
Exports of lumber from Brazil contracted 17%.