The Global Forest Industry This Quarter
Excerpts from the market report Wood Resource Quarterly

The Global Sawlog Price Index (GSPI) declined for the second straight quarter to $87.28/m3 in the 4Q.

The Softwood Wood Fiber Price Index fell for the second straight quarter to US$105.30/odmt in the 4Q/11.

The Hardwood Wood Fiber Price Index fell 3.6 percent from the 3Q/11 to the 4Q/11, when it averaged US$113.69/odmt.

Prices for hardwood pulp (BHKP) fell more than those for softwood pulp (NBSK) last fall, but they seemed to reach a bottom in early January

Softwood lumber production and trade were down in many of the major markets worldwide during the fall of 2011

Softwood lumber imports to Japan are up nine percent so far this year.

In China, a tightening monetary policy with a restricted money supply resulted in reduced activities in the construction sector in the second half of 2011

Pellet exports from the US South increased significantly in late 2011.

The complete excerpts can be found in the attached PDF file…..
GTWMU_The_Global_Forest_Industry_Update_4Q_2011.pdf
Hakan Ekstrom, Wood Resource Quarterly