Feb 13, 2012
| Forestry
Pulp & Paper: Peak Pulp - The Emerging Softwood Super Cycle
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Permanent Capacity Shuts Restructure Industry – US Northern Bleached Softwood Pulp (NBSK) pulp prices hit record levels inJune 2011 – this despite sluggish demand associated with weak economic growth in...
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Jan 31, 2012
| Forestry
Forest Products: 4Q11 Earnings Preview - Weak 4Q11 Belies Improving Fundamentals
On the back of widening spreads between North American and Chinese commodity pricing we expect generally weak 4Q11 results from lumber and pulp producers. In fact, based on current street estimates we expect...
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Nov 21, 2011
| Forestry
Short excerpt:
Event – We see evidence of lumber prices bottoming with Random Lengths lumber futures (as reported by CME) up ~8% fromUS$225/mfbm to US$243/mfbm. This is also reflected in higher reported cash prices with the Random Lengths benchmarkpricing coming in at US$234/mfbm as of Friday, up 5...
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