China's construction crisis and higher logistics costs have cut shipments, while Russia's downgraded economic outlook limits domestic absorption of growing supply.
Pasar
Compared with the previous month, production was down 7%.
Timber price declines may ease costs only with a lag and further closures are likely if the market doesn't improve.
The first compact store opened in Limoges at 3,000 m² and a second will open in Le Mans; the format offers more than a quarter of the IKEA range for immediate pick-up and will be located mainly in retail parks.
The official manufacturing purchasing managers index stood at 50.0 in May, down 0.3 points from April, while the composite PMI output index rose to 50.5.
Price for wood chips imported to Japan rose 4%.
Price for logs imported to Japan lost 11%.
Price for wood furniture imported to Japan upped 2%.
Price for particleboard exported from Turkey increased slightly 0.5%.
New Zealand log export volumes rise seasonally after strong March harvesting conditions.
Price for plywood imported to Japan dipped 3%.
Price for wood pellets exported from Vietnam to Japan upped 3%.
Price for wood chips exported from Vietnam to Japan upped 2%.
Price for lumber imported to Japan grew only 0.2%.
Price for wood pellets imported to Japan increased 6%.
Price for logs exported from Japan grew only 0.2%.
Price for softwood lumber imported to Japan slid 1.8%.
The U.S. posts the steepest decline among the largest softwood lumber import markets, followed by Germany and China, while supplier volumes fall most for Canada, Russia, and Austria.
Inventory rises to a 9.4-month supply as the median price increases to $422,500.
Imports of lumber to Kazakhstan upped 1.9%.