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 2024 annual report of the American Softwood Council shows that 1.6 billion board feet of demand will be created throughout the year, affecting 1,498 construction projects. Experts point out that this will aggravate the tight supply of North American wood to China and suggest paying attention to alternatives to engineered wood products.
BMI Group acquired the idle Domtar pulp mill in Ontario, Canada, involving a 16MW hydropower station asset. Experts said the deal could improve China's NBSK pulp supply and shorten the shipping time of Canadian SPF sheets by 3-5 days through logistics optimization. Energy self-sufficiency may reduce the FOB price of sheets by 2-3 USD/1,000 board feet.
BMI Group acquires idled Ontario Domtar pulp mill, changes wood supply chain landscape Read More »
The Canadian Wood Association has released a full life cycle environmental statement for five major products including cork and OSB, which will significantly enhance the competitiveness of certified wood in China's green building market. It is expected that the proportion of certified OSB exported from Vancouver Port to China will increase from 23% to more than 65% within half a year.
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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