SEATTLE (Scrap Monster): The latest Wood Resources Quarterly Report indicates marginal decline in global trade of softwood lumber during the period covering first three quarters of 2018. The trade reported marginal decline by 2.5% during this period, upon comparison with the corresponding nine-month period in 2017. Notable decline in imports were seen in China, Japan, the U.K. and the MENA region. Incidentally, softwood lumber imports by China declined sharply by 11% year-on-year in the first nine months of 2018.
Meantime, global trade of wood pulp registered year-on-year increase in Jan-Sep ’18. Notable jump in pulp shipments were reported in Brazil and Finland. China continued to be the key export destination. The NSBK pulp prices in Europe witnessed rapid surge when compared with 2017 levels. The BHKP prices, which registered increase during the initial months of the year, have remained more or less stable from March onwards.
The Global Sawlog Price Index (GSPI) dropped by 3.7% over the prior quarter, recording second straight quarter of decline. The European Sawlog Price Index (ESPI) too has declined for second quarter in a row to €83.58/m3 in the 3Q/18. The Global Softwood Fiber Index (SFPI) remained unchanged over the previous quarter. On the other hand, the Global hardwood Fiber Price Index (HFPI) witnessed 2% decline from 2Q/18.
The global trade of pellets continued to remain robust, with total yearly shipments projected at around 20 million tons in 2018.
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