Canada's Tolko announced the temporary suspension of production at two lumber mills in British Columbia due to a shortage of fiber raw materials, which will affect China's high-end engineered wood product arrivals in June by 80,000 to 100,000 cubic meters.
Canada's timber production in January surged by 16.2% month-on-month to 3.87 million cubic meters. Chinese importers can seize the short-term supply window period, and the CIF price in April is expected to fall by 2-3%. However, it is still down 3.1% year-on-year, reflecting long-term supply constraints.
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