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RBC highlights wood products news for the week (Dec. 23): Lumber prices continue to rise, though buyers have started to pull back due to limited mill offerings, decline in futures pricing; Canada officially challenging legality of softwood lumber duties
Published: December 28, 2021 by RBC Capital Markets LLC
Canada will challenge US softwood lumber duties under the Canada-United States-Mexico Agreement, taking steps to defend its forestry sector; binational panels will determine whether duty rates in question were reached in a manner consistent with US law
Published: December 21, 2021 by Government of Canada
US Dept. of Commerce publishes final results of administrative review of softwood lumber products from Canada, determines producers and/or exporters subject to this review made sales of subject merchandise at less than normal value during review period
Published: December 06, 2021 by Federal Register
RBC Capital: With finalized softwood lumber duties, Canfor, Resolute, JD Irving to see largest rate hikes; traders survey finds expectation that Canfor, Resolute may look to cut shipments to US by taking market share in Canada, boosting offshore shipments
Published: November 30, 2021 by RBC Capital Markets LLC
CIBC: US duty rate hike to about 18% on Canadian softwood lumber in line with expectations; based on current W. SPF pricing levels of C$650/mbf, duties to rise from US$54/mbf to US$99/mbf, which is relatively insignificant in current commodity backdrop
Published: November 29, 2021 by CIBC World Markets Inc.

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