UBS analysts are the latest to raise expectations that China’s struggling real estate market is close to stabilizing, CNBC reported.
News in international markets
New Zealand and India Agree to Strengthen Forestry Ties
The Memorandum of Cooperation is aimed at reinforcing New Zealand’s commitment to enhancing collaboration with India in the forestry sector.
EU Warns of High Risk of Plywood Sanctions Evasion
On Friday, the European Commission issued an alert warning of a high risk of sanctions circumvention in plywood imports.
EU Proposes Tariffs, Including on Wood Products, in Response to US Tariffs
The European Commission announced that it was imposing tariffs on US imports into the EU in response to new US tariffs on EU steel and aluminum.
Rayonier to Sell Its New Zealand Joint Venture Interest to The Rohatyn Group for $710 Million
Rayonier will sell the entities that hold its entire 77% interest in the New Zealand joint venture to an investment fund managed by The Rohatyn Group for $710 million.
EU Announces Antidumping Investigation Into Brazilian Softwood Plywood Imports
The EU Commission has started an anti-dumping investigation on Brazilian softwood plywood imports following a complaint by the Softwood Plywood Consortium, the Timber Trades Journal reported.
Finland’s Koskisen to Acquire Iisveden Metsä
Koskisen has agreed to acquire the business operations of Iisveden Metsä, which produces approximately 140,000 cubic meters of spruce sawn timber per year.
Metsä Fiber Ends Change Negotiations at Three Finnish Sawmills
Change negotiations held at Metsä Fibre’s sawmills in Lappeenranta, Renko, and Vilppula, Finland, on possible temporary layoffs of up to 90 days have ended.
Labor Dispute Interrupts Production at Three UPM Plywood Mills in Finland
A strike has halted work at UPM’s plywood mills in Ristiina, Savonlinna, and Joensuu, Finland, Maaseudun Tulevaisuus reported.
US Wood Pellet Exports Decline in January
The US exported 825,269.9 metric tons of wood pellets in January, down from 879,332.3 metric tons in December, the USDA and Biomass Magazine reported.