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Prices for hardwood chips traded overseas up 1.3 per cent
March 24, 2015 - Globally traded hardwood chips for the manufacturing of pulp and wood-based panels have trended downward for much of the past three and a half years. However, this trend broke in late 2014 and early 2015 when prices slowly started to increase.
March 24, 2015 By Hakan Ekstrom
The FOEX global hardwood chip price index, PIX-HCG, increased by 1.3% in January as compared to the previous month, and was 1.8-per-cent higher than in November last year.
The Index, which is based on prices for hardwood chips traded overseas to markets in Asia and Europe, reached a four-year low in November 2014 when it was 16.6-per-cent below the all-time-high in November of 2011.
The PIX-HCG reached US$180.58/odmt (CIF) in January 2015, with the biggest price increases being those of hardwood chips shipped from Latin America and Vietnam to Japan and China.
The softwood chip price index, PIX-SCG, fell sharply during the fall of 2014, from US$185.73/odmt in August 2014 to US$170.67/odmt in January 2015. This 8.1% decline over just five months was partly the result of a stronger U.S. dollar, as well as because of reduced costs for the ocean freight.
About Wood Resources International LLC
Wood Resources International LLC, an internationally recognized forest industry consulting firm established in 1987, publishes two quarterly timber and pulpwood price reports and has subscribers in over 30 countries. The Wood Resource Quarterly, established in 1988, is a 50-page quarterly market report which includes global prices for sawlogs, pulpwood, wood chips, lumber and pellets, as well as market commentary about developments in global timber, biomass and forest industry. If you have any questions, contact Hakan Ekstrom (hekstrom@wri-ltd.com).
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