IndexBox has just published a new report: ‘World – Wood Pellets – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings. Global wood pellet imports spiked by +9.2% y-o-y to $4.5B, reaching the highest point ever. The UK remains the largest wood pellet importer, accounting for 35% of the…
WESTERN STANDARD — The BC government has extended the provincial state of emergency until 12:01 a.m. on August 18, 2021, in order to “support the ongoing co-ordinated response to the wildfire situation and ensure public safety.” At the time of the extension, which was issued late Tuesday afternoon, 254 wildfires were burning in the province…
RBC CAPITAL MARKETS — Lumber prices haven’t shown signs of rebounding yet, as OSB continues to have triple digit declines – According to Random Lengths, the Framing Lumber Composite fell by $16 w/w to $463, the 11 th consecutive weekly drop. Buying demand has been slow to come back, with the recent curtailments in BC over…
PHYS.ORG., BY EUROPEAN SPACE AGENCY — Forests are not only key to moderating our climate by sequestering atmospheric carbon, but they also create a cooling effect by increasing low-level clouds. A first global assessment using satellite observations has shown that for two-thirds of the world, afforestation increases low-level cloud cover, with the effect being strongest…
NEW YORK, GLOBE NEWSWIRE — Mercer International Inc. The Company has announced that it received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington (the “Facility”) for a price of $50 million, subject to customary adjustments. The…
BLOOMBERG — North American lumber producers are expected to post another quarter of record profits this week, but most attention will be on the outlook, with prices for wood products stumbling and do-it-yourself renovations slowing. Producers are building and expanding sawmills in the southern U.S., where costs are low and timber is plentiful while boosting…
MONTRÉAL, CNW Telbec – Resolute Forest Products Inc. has reported a net income of $268 million, or $3.34 per diluted share, for the quarter ended June 30, compared to net income of $6 million, or $0.07 per diluted share, in the same period in 2020. Sales were $1,140 million in the quarter, an increase of…
VANCOUVER, BC, CNW – West Fraser Timber Co. Ltd. has reported second-quarter results of 2021. The Company also announced that it will hold a virtual Investor Event in which members of the Company’s senior management team will provide a corporate update to investors and analysts. The event will be webcast on September 16, 2021, at…
The purpose of the Forest Technology CAP is to financially support projects which demonstrate first-in-kind innovative technology, equipment or data techniques that can address the specified challenges and opportunities identified in Nextfor’s Forest Innovation Forums and ongoing case studies; with an objective of investing in forest innovation in Ontario. The funding is a private/public joint…
Bill Conerly Senior Contributor Forbes FORBES — The current housing boom will flatten in 2022—or possibly early 2023—when mortgage interest rates rise. There is no bubble to burst, though prices may retreat from panic-buying highs. The boom produced some frantic buying, bids in excess of asking prices, and plenty of worry among would-be homeowners….