Prices for lumber and other wood products increased 1.3%, marking the third consecutive monthly gain.
News in lumber
US Production Index for Sawmills and Wood Preservation Industries Posts Modest Increase in Q2
The production index for sawmills and wood preservation industries rose marginally by 0.2% in Q2, the Fed and NAHB reported.
Fire Destroys Sawmill in Belleville, New Brunswick
A fire on October 31st raced through a lumber mill operation located near Woodstock, New Brunswick, the River Valley Sun reported.
Canadian Softwood Lumber Production and Shipment Data for August
Canadian softwood lumber production in August increased 2.5% from July to 3,772.6 thousand cubic meters. Year-over-year, production was down 9.9%.
Paper Excellence Group Rebrands as Domtar
Paper Excellence Group announced the operational integration of the recently acquired Domtar Corporation and Resolute Forest Products with the legacy Paper Excellence business.
Canadian Industrial Product and Raw Materials Price Indices Decline in September
Prices for lumber and other wood products rose 1.2% in September, increasing for the second consecutive month. Higher prices for softwood lumber, up 3.2%, led the gain.
US National Forest Products Week Proclamation
On Friday, President Biden issued a proclamation declaring October 20th through October 26th as National Forest Products Week.
San Group Curtailing Its Large-Log Sawmill and Value-Added Manufacturing Plant in BC Due to Log Shortage
The San Group is temporarily shutting down its large-log sawmill and value-added manufacturing plant in Port Alberni, BC, the Times Colonist reported.
Interfor to Exit Its Québec Operations
Interfor plans to exit its operations in Québec, Canada, including the sale of its three manufacturing facilities and the closure of its Montréal corporate office.
Western Forest Products Announces Plans to Reduce Production at Its BC Sawmills in Q4
WFP plans to reduce lumber production at its BC sawmills by approximately 30 million board feet during the period from October to December.