Upstream timber supply tightens
In August, the number of new housing starts in the United States closed at 1.283 million units, a year-on-year reduction of -14.8%, a marginal reduction for 16 consecutive months, which brought about a reduction in the supply of wood chips.In August, the Canadian lumber and wood products IPPI (price) index closed at 127.8 points, a year-on-year decline of -15.5%, a decline of four consecutive months of narrowing, the cost of wood chips marginal uplift.In August, the total domestic imports of sawn timber reported US$516 million, a year-on-year decrease of -25.4%, with low supply quantities.
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