FOEX Indexes and Wood Resources International to partner in the launching of Global Wood Chip Price Indices
More than 80 million tons of wood chips, valued at almost ten billion US dollars, are traded annually in the open market worldwide and the shipment volumes are increasing.
FOEX and WRI have agreed to partner in the launching of global wood chip price indices. As for all price benchmarks in FOEX’s PIX-index family, the indices will be based on a large number of actual trades and the data will be collected from both sellers and buyers of wood chips. The combined efforts of FOEX and WRI, and the PIX-index system, will ensure that the indices, whose launch is planned for early 2011, will be statistically reliable and thus well suited for numerous market participants. These include forest and energy companies who can use price indices for benchmarking, as well as the financial community, which can use the Indices as price risk management tools.
To learn more about this new, unique benchmark service, may contact either the FOEX representative in bio-indices, Mr. Matti Sihvonen ([email protected]), Timo Teräs, the Managing Director ([email protected]), or Mr. Håkan Ekström, the President of WRI ([email protected]).
The full press release can be found in the attached PDF file…..
Press_release_FOEX_WRI_Chip_Index_Oct_21_2010.pdf
European sawmills’ profitability is being squeezed by high log costs and declining lumber prices, reports the Wood Resource Quarterly
Sawlog costs in Europe have gone up more than lumber prices the past year, reports the Wood Resource Quarterly. With the expected decline in lumber consumption, many sawmills in Europe are considering reductions in their operating rates. As a consequence, prices for sawlogs are likely to drop from their two–year highs in the coming months.
The full article can be found in the attached PDF file…..
FPMU_Europe_lumber_market_3Q_2010.pdf
North American Wood Fiber Review
Wood fiber price reporting since 1983
– Track the latest prices for woody biomass, wood chips and pulpwood throughout the US in this 32-page quarterly market report.
The North American Wood Fiber Review (NAWFR) has tracked wood fiber markets in all major regions of the US and Canada for over 20 years. It is the only publication that covers both the pulpwood and the biomass markets in North America. The report includes prices and market commentary for 15 regions on the continent, and is an essential source for anyone that needs to track pulpwood, wood chips and biomass prices in the largest and most dynamic wood fiber market in the world.
Attached please find a sample copy of the newly expanded NAWFR, which we believe you will find helpful in your analysis of relevant developments within the forest industry in North America.
A subscription will include four quarterly reports (1Q/11-4Q/11) and website access to download historical issues for the past three years. More information about our subscriptions can be found at www.woodprices.com
Please feel free to contact us if you have any questions about our forest products market publications or consulting services.
Hakan Ekstrom, President Tim Gammell, Editor
[email protected] [email protected]
Wood Resources International LLC
www.woodprices.com
North_American_Wood_Fiber_Review_Sample.pdf
Wood fiber costs for the global pulp industry in the 3Q/10 were close to the highest level in two years, reports the Wood Resource Quarterly
The cost for wood fiber accounts for almost 60 percent of the total production costs when manufacturing pulp. Both softwood and hardwood wood fiber price indices, SFPI and HFPI, have increased about six percent over the past year, according to the Wood Resource Quarterly.
The full article can be found in the attached PDF file…..
FMPU_Global_pulpwood_prices_3Q_2010.pdf
China’s hunger for wood raw-material pushes timber prices upward, increasing the importation of logs and wood chips to record levels in 2010, reports the Wood Resource Quarterly
The forest industry in China is continuing its expansion, and with limited domestic timber resources, importation of logs and wood chips are at an all-time high, especially as tight supply of domestic logs has increased local log prices to new highs in the 2Q/10, according to the Wood Resource Quarterly.
The full article can be found in the attached PDF file…..
FPMU_China_log_and_chip_imports_3Q_2010.pdf
Woody biomass prices in the US increased in the 3Q/10 after having trended downward since early 2009, reports the North American Wood Fiber Review
Prices of wood fiber used for energy declined during most of the recession, partly as a result of the low cost of fossil fuels, which can serve as an alternative source for many industrial energy consumers. However, in the 3Q, biomass prices were up in the South, the Northwest and Southwest, according to the North American Wood Fiber Review. This trend break occurred mainly because of reduced fiber supply and generally lower biomass inventories.
The full article can be found in the attached PDF file…..
FPMU_Biomass_US_3Q_2010.pdf
The wood chip cost discrepancy between pulp mills in Western and Eastern Canada was the lowest it has been in 10 years in the 4Q/10, reports the North American Wood Fiber Review
Over the past 20 years, pulp mills in Eastern Canada have consistently had higher wood fiber costs than the mills in the Western provinces with the exception of a short period in 1995, according to the North American Wood Fiber Review. In the 4Q/10, softwood chip prices had fallen in Quebec and Ontario and increased in British Columbia and Alberta resulting in the smallest cost gap between the two regions in 10 years.
The full article can be found in the attached PDF file…..
FPMU_Canada_wood_fiber_markets_4Q_2010.pdf
