Weyerhaeuser Group sold its core sawmill in British Columbia for C$120 million. China's SPF imports will face supply adjustments in the third quarter.
The historic Patterson hardwood sawmill in the United States has announced its closure, which will reduce the supply of North American hardwood by 150,000 to 200,000 board feet per month. Chinese furniture manufacturers need to adjust their supply chains in a timely manner and pay attention to alternative suppliers.
The European Union announced that it will impose additional tariffs of 25% on U.S. lumber and other commodities in phases starting from April 2025. Chinese importers need to be wary of price fluctuations caused by U.S. suppliers reselling to Asia, and focus on changes in trans-Pacific freight rates for construction materials such as Douglas fir.
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