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Sentiment was markedly lower during Shanghai Pulp Week 2025, standing in contrast to the bullish attitudes from a year prior. We focus on three main takeaways from our interactions with industry participants last week and conclude that a wait-and-see approach is likely to remain the dominant pattern in the short run. Key takeaways: US-Canada trade […]

Extreme volatility in the stock market, and accompanying widespread concern about the broader economy distracted framing lumber traders all week. Constant shifts in news emanating from the White House about tariffs kept traders on edge. Many traders, particularly in Canada, spent much of the week at the Montreal Wood Convention. Buyers replenished cautiously and conservatively […]

The European pulp and paper (P&P) industry is struggling to assess the possible impact of tariffs. First, US President Donald Trump announced a 10% blanket tariff on all goods imported to the US. Additionally, he announced higher “reciprocal” tariffs with those he deemed worst offenders. This included a 20% tariff on EU goods. He later […]

North American lumber industry struggles with closures, tariffs and post-pandemic demand shift

On April 2, 2025, US President Trump announced comprehensive import tariffs that had long been feared. According to Trump, the goal is to restructure US trade policy by implementing extensive tariffs, collectively called the “Liberation Day” tariffs. This initiative introduced a universal 10% tariff on all imports, effective April 5, 2025, with additional country-specific tariffs […]

Trading in most markets stalled after Wednesday’s announcement that lumber imports from Canada would be exempt from the newly imposed tariffs by the Trump administration. The most notable immediate impact was seen in lumber futures, where prices tumbled more than $50 on Thursday. In most physical markets, prices adjusted mildly in both directions. While digesting […]