Timber prices soared to new highs

Posted in Wrestling Forums by meishengchao at 03:17, Sep 21 2015

Currently, the world's timber market is facing a growing demand / supply decline, mostly from the United States of recovery of the domestic market growing demand. From the Chinese market, China's highest level of timber imports in 2011, analysts predict that by 2015 China will need to import about 1.82 million cubic meters of timber, timber imports will increase the number of Plus 70%. This data is absolutely inseparable from soaring contribution made flooring market. composite decking price comparison Reduce the number of global timber supply timber prices soared to 8-year high Analysts predict that in the United States, driven by the recovery of the domestic market growing demand, about 929,000 new houses and apartments will be completed this year. It is almost 120% of the amount in 2012, it helped the United States to create demand for sawn timber and wood exuberant.

Across the sea, it is China's strong demand for timber imports, the United States Forest Service, said Alaska, Washington, Oregon and export of logs in Northern California in the third quarter of 2012 increased by about 9% to the Chinese export market - 62 percent. Currently, the highest level of China's timber imports in 2011, analysts predict that by 2015 China will need to import about 1.82 million cubic meters of timber. 70% increase in imports from the timber.Wood Plastic Composite Floor However, due to some North American factories have closed timber to cope with the development of the economic downturn as well as some Asian countries, forest pests and diseases, leading to global reduction in the number of wood supply, reduced supply, rising demand led to eight years of timber prices soared to a new high. In the North American lumber market, SPF (spruce, pine and fir), and other cork for construction of wooden houses, every one needs an average of about 14,000 board feet of timber.

At the same time, timber prices from $ 282 in mid-March last year rose by about 45 percent to $ 408 per thousand board feet, compared OSB prices rose doubled from $ 215 to $ 430 each time thousand Sq.ft. Now timber inventory levels remain at 50-year lows, which since 2004 has never been seen before. Some analysts believe that as the 12-year bull market in gold has been in general, the timber industry is in a golden timber super cycle. Wood flooring market prices direct buy composite deck boards soared to promote re-shuffle Chinese timber consuming countries, more than 40 percent of its total consumption to rely on imports. Reduction in global timber supply for the next raw material supply shortage in the background, the domestic supply of wood flooring market will gradually tense.