Douglas Fir, More Lumber Prices to Rise

Posted by Karen Koenig | Posted: 01/16/2013 8:52AM

 

Douglas firDouglas fir CHARLOTTE, NC – Log prices in the Pacific Northwest are climbing back to pre-recession levels, according to Forest2Market. The group cites housing's recovery and export lumber growth as contributing factors to the growth.

November lumber prices were $100 per thousand board feet (MBF) above their November 2011 level. In 2013, Forest2Market projects a number of species prices rising, including Douglas fir, which it projects will reach into the mid-$600s by the end of the first quarter.

“Asian appetite for Northwest forest products strengthened in the second half of 2012 and looks strong moving into the New Year,” Gordon Culbertson, manager of Forest2Market’s Pacific Northwest business, stated. “Inventories of imported logs and lumber products in China have declined by nearly 50 percent from a year ago, while the Chinese Government has renewed efforts to stimulate affordable housing construction. Russia’s market share, traditionally the largest supplier of Chinese logs and lumber, has continued to erode, leaving Chinese buyers to fill the shortage with deliveries from North America and New Zealand.”

According to Forest2Market’s Delivered Price Database, of the logs exported to Asia, Douglas fir prices gained back $72 per MBF of the $78 per MBF lost in the first six months and hem-fir peaked at $558 per MBF in November. "Strong demand from China, especially for hem-fir logs, and Japan’s renewed interest in higher quality second growth Douglas fir logs will bolster prices going forward," the group said.

 

About the Author

Karen M. Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Wood Products (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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