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Recent Articles

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CIBC: Mid-week update published June 22 shows lumber steady to slightly higher, with W. SPF up 4.5% since June 17 to US$585/mbf, and SYP 2x4 flat at US$555/mbf; OSB continues to plunge, with North Central down 8.9% to US$410/msf, Western Canada down 9.3%

Russian ministry may bring back logistics subsidy for forestry exports in 2022 after rejecting the transport support measure last year amid rising prices for plywood, OSB products

RBC highlights wood products news for the week (June 19): Lumber, OSB prices continue to decline; Aspen Planers announces sawmill downtime; Roseburg evaluating second MDF panel plant or bioenergy production facility within its Western operating footprint

CIBC Paper Wrapper (June 17): OSB prices collapse, down 18.2% week-over-week to US$450/msf in North Central, down 17.2% in South East and down 21.1% in Western Canada; major decking producer Azek sees composites market share doubling within next 15 years

CIBC takeaways from On The Road With West Fraser: Company highlights favorable view on long-term supply/demand conditions for both lumber, OSB; consumption should be supported by aging US housing stock, demographic trends, growth of mass-timber projects

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