New Study: Global Softwood Market Perspectives

Posted by Rumin Mann
December 6th, 2010

NAWLA Traders Market -Magellan Club, Chicago, IL November 5, 2010
Russell Taylor

Presentation Outline
1. Global Softwood Issues
2. Russia
3. China
4. North America -Export/Impport Outlook

1. Global Softwood Timber & Lumber Supply Issues
The biggest wildcards impacting markets:Short Term to Mid Term Demand (2011-2013):

  • U.S. housing starts -to 1.5 million units when?
  • EU (global) debt crisis (and other emerging crises).
  • China’s widening supply gap (25% Russian export tax).
  • Russia log export tax going from 25% to ?? or to 80%?Longer Term Supply (2014+):
  • BC mountain pine beetle (and its expansion east).
  • China demand keeps growing -supply gap widens.
  • US/global lumber supply gap looming -starting in the 2ndhalf of decade? Prices could/will soar!
  • Other market wildcards: Middle East/North Africa (India)

Click here to view the entire presentation

Comments are closed.