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CIBC: Russ Taylor predicts healthier lumber prices in 2025 amid global demand rebalancing, tighter supply levels; consultant's latest forecast has W. SPF lumber prices at US$425-US$430/mbf in 2024, and SPF prices to average US$475-US$490/mbf in 2025

China will again become significant growth market for softwoods, with softwood lumber demand to grow 20% from 2023 to 2035; Chinese hardwood pulp sector will also see substantial growth, with important fiber sourcing implications, opportunities: report

Russ Taylor, president of Russ Taylor Global, and Canfor's Director, Market Intelligence Chris Leftis to participate in live Timber Exchange webinar on Sept. 28; topics include lumber price outlook for 2024, supply dynamics, decline in BC lumber output

Sluggish North America lumber market starts to improve in late June/early July, as Canadian wildfires fuel lumber supply chain concerns; US housing starts trend higher since early 2023 but remain below average for past two years: Russ Taylor Global

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