Forest Industry News

September / October 2014
Forest Industry News
NEW PROJECTS ANNOUNCED
Planning Phase
[Turkey] Aktül Kagit Üretim Pazarlama. Valmet will supply a new tissue production
to this mill in line to Pamukova, in the province of Sakararya, northwestern
Turkey. The new Advantage DCT 200 tissue line will be the 2nd tissue machine of
this kind that Valmet has supplied to the company. The startup is scheduled for the
first quarter of 2016. The value of the order was not revealed. With a width of 5.6
m and a design speed of 2,200 m/min, the new line will add 60,000 tonnes/a of highquality facial, handkerchief, toilet and towel grades to Aktül Kagit’s current
production. The new line will use virgin fiber a raw material. (PPI Europe,
September 4, 2014)
[China] Long Chen Paper is forging ahead with its recycled containerboard expansion
in China and Taiwan, ordering two fluting machines for an investment totalling $375
million. The company has signed up affiliate firm Yue Li Machinery of Taiwan as the
turnkey contractor for the two PMs, with equipment provided by domestic and
overseas suppliers including Voith and Gold Star of South Korea, according to a
Long Chen spokesman. One of the two units, a 300,000 tonne/a machine, will be
erected at the firm’s mill in Erh Lin in the central Taiwanese county of Changhua.
Startup is scheduled for December 2015. The other one, a 180,000 tonne/a PM, will
be installed at the Pinghu facility in Zhejiang province, East China. The unit is
expected to kick off trial runs in December 2015 and commercial production the
following month. (PPI Asia, September 5, 2014)
[USA] International Paper (IP) has decided to restart the long idle No. 3
containerboard machine at its Valliant, OK, mill sometime later in 2015, CEO John
Faraci told a UBS investment conference on Sept. 11. He said the $90 million price
tag for preparing the machine to run again is "very cost effective" for 360,000
tons/a of additional production at the Oklahoma mill, which he said "has the lowest
fixed cost per ton of any facility at IP." The machine, which previously made
semichemical medium, has been down since late 2008. (Pulp and Paper Week,
September 12, 2014)
[Germany/France] WEPA Group plans to spend more than Euro 50 million ($65 million)
on two new tissue machines. The new lines will be installed at WEPA’s mills in
Lille, France and Marsberg, Germany and will have a total capacity of 64,000
tonnes/a. The new PMs will be supplied by Toscotec. Both lines will be 2.80 m wide
and will have a design speed of 2,000 m/min. The machine in Lille will start
operating in July next year, while the launch of the Marsberg PM is scheduled for
November 2015. (PPI Europe, September 18, 2014)
1
September / October 2014
[China] Sun Paper is moving with the construction of two new board machines and a
paper machine with a combined capacity of 1.3 million tonnes/a at two mills in
Shandong province. PM 31 will produce recycled linerboard and PM 32 will make
recycled fluting. Both units will be supplied by Voith. With a wire width of 7.3 m
and an operating speed of 1,200 m/min, each will have with a capacity of 500,000
tonnes/a. Elsewhere, in Yanzhou, Sun Paper has recently broken ground for a new
300,000 tonne/a PM. The unit, PM 29, will be fired up by September 2015. (PPI Asia,
September 19, 2014)
[China] Zhejiang Yongtai Paper is pressing ahead with the construction of two new
recycled containerboard PMs with a combined capacity of 600,000 tonnes/a at a mill
in Fuyang city, Zhejiang province. Their startups are planned for the fourth
quarter of 2015. Zhejiang Chuancheng, a subsidiary of Zhejiang Yongtai, will run
the two machines, dubbed PMs 1 and 2. PM 1 will produce recycled linerboard at a
rate of 350,000 tonnes/a, and PM 2 will be able to make 250,000 tonnes/a of
recycled fluting. (PPI Asia, September 19, 2014)
[British Columbia] Canfor has announced that it is to build two new pellet mills at
its sawmill sites in BC. The mills will be developed in partnership with Pacific
Bioenergy, who will apply their experience of the pellet sector to both the
construction and operation of the mills. The estimated investment cost of $58
million will include the construction of a 3MW biomass CHP plant to provide onsite
generation at the Chetwynd site. The second site is at Fort St. John, also in BC.
The combined pellet capacity of the two new plants will be 175,000 tonnes. The
pellets will be supplied to a utility customer under a long term offtake contract.
Production is expected to begin by Q3/4 2015. (Forest Energy Monitor,
September, 2014)
[Russia]’s AFK Sistema has completed the acquisition of the Segezha pulp and paper
mill and the Derevoobrabotka-Proekt (DOP) firm, which previously belonged to the
Bank of Moscow. The firm said in April that it intends to to revive the Euro 1
billion ($1.36 billion) Polar Bear pulp investment project at Segezha, which was
initiated in 2008 and was originally scheduled for completion in 2013. Once brought
online, the new 845,000 tonne/a bleached pulp facility would replace Segezha’s
existing unbleached kraft pulp capacity which ranges between 260,000 tonnes/a and
400,000 tonnes/a. However, in mid-September, the firm’s chairman and largest
shareholder Vladimir Yevtushenkov was placed under arrest on suspicion of money
laundering and in subsequent news the project had been shelved for an indefinite
period. (PPI Europe, October 2 and 30, 2014)
[Brazil] Celulose Rio Pardense e Energia (CRPE)'s head, Vicente Conte, stated that
their project to build a 2.2 million tonnes/a pulp mill in the country has the
potential to post the lowest production cost in the world. Conte refutes any market
fear or theory of a possible bleached eucalyptus kraft (BEK) pulp oversupply due to
new capacities. CRPE is a newcomer in the pulp and paper sector and has been
quietly moving on with this project in the country's midwest region. The firm plans
to build a greenfield 2.2 million tonnes/a BEK pulp mill at Ribas do Rio Pardo
city, in Mato Grosso do Sul state, where Fibria and Eldorado have their largest
industrial pulp operations. CRPE's project is located further west in the state and
only 100 km from its capital Campo Grande. (PPI Latin America, October 14, 2014)
2
September / October 2014
[Spain] Italy’s Industrie Cartarie Tronchetti (ICT) is planning to install a new
tissue PM at its Burgo de Ebro plant in Spain. The new machine, the capacity of
which was not revealed, will complement the mill’s existing 70,000 tonne/a tissue
PM. The investment project also includes converting equipment and necessary
logistic and civil infrastructure, ICT said. The firm intends to start up the new
PM after it completes the ongoing investment project dubbed K3 Project at the
Kostrzyn mill in Poland in late 2015. In Kostrzyn, ICT is currently installing a
new 75,000 tonne/a PM as well as converting equipment. (PPI Europe, October 16,
2014)
[Norway] Borregaard will invest NOK 225 million ($34 million) in a new production
facility for Exilva microfibrillar cellulose (MFC) at its site in Sarpsborg, south
of Oslo. MFC has the potential to replace products derived from petrochemicals and
it also represents an opportunity to exchange organic solvent systems with waterbased solutions, leading to positive environmental effects, according to
Borregaard. The commercial scale facility will have an initial design capacity of
1,000 tonnes/a, with a potential for expansion. Production should start in Q3 2016.
(PPI Europe, October 30, 2014)
[Indonesia] Asia Pulp & Paper (APP) has decided to build the cooking plant for a
planned 2 million tonne/a BHK pulp mill in South Sumatra, Indonesia, by itself. The
firm is looking at building the world’s biggest digester, capable of churning out
6,000 tonnes/day of output in its cooking process. “We hired experts from all over
the world to set up a team for that project. With our expertise and experience in
building the Hainan facility, we are confident that we will be able to build the
cooking plant.” contacts said. (PPI Asia, October 31, 2014)
[USA] First Quality Tissue may be leaning toward adding a new tissue PM in 2016 for
its complex in Lock Haven, PA, based on a Pennsylvania state grant awarded to the
company this week, local media reports said this week. First Quality has planned to
start up two new 70,000 tons/a through-air-dried (TAD) PMs, one in 2015 that is set
for the company's other tissue making complex in Anderson, SC, and one in 2016 at a
site to be announced. (Pulp and Paper Week, October 31, 2014)
[China] Lee & Man Manufacturing ordered a tissue paper machine from Valmet for its
mill in Chongqing, central China, Valmet reported this week. The 60,000 tonnes/a PM
is to be started up in late 2015, making paper for bathroom and facial products,
and would be Lee & Man's first tissue paper machine. Valmet is installing a 5.6m
wide Advantage DCT 200HS unit that is to run at a design speed of 2,000 m/min and
operate with virgin wood pulp and bleached bamboo fiber as furnish. (Pulp and Paper
Week, October 31, 2014)
3
September / October 2014
Implementation/Start-up Phase
[Brazil] Klabin last May signed a Real 120 million ($53.4 million) contract with
Brazilian environmental managing company Enfil. The project includes the
construction of an effluent treatment plant in its future 1.5 million tonnes/a
bleached eucalyptus kraft (BEK) and bleached softwood kraft (BSK) pulp mill in
Ortigueira, Paraná state, southern Brazil. The treatment station is expected to be
finalized and operational during the second quarter of 2016, with capacity to treat
a total of 5,400 m3 of effluents every hour, relying on a total hydraulic capacity
of 5,900 m3/hour. Enfil will also be responsible for the engineering, assembly
works, commissioning and start-up of the plant, as well as training the employees
involved in its operations. (PPI Latin America, June 3, 2014)
[Uruguay] Montes del Plata’s 1.3 million tonnes/a BEK pulp mill, a 50/50 joint
venture between Chilean Arauco and Finnish Stora Enso, was officially inaugurated
on Sept. 8 in Uruguay, almost five years after its creation. The opening ceremony
gathered 1,500 people at the mill's site located in Punta Pereira, southwestern
area of the country. The project has been considered the largest industrial
investment in Uruguay's history. (PPI Latin America, September 9, 2014)
[Russia] SCA launched its 60,000 tonne/a tissue PM at its Sovetsk mill in the Tula
region of western Russia. The 5.4 m wide PM, supplied by A.Celli, complements the
existing 30,000 tonne/A PM, which makes recycled fiberbased tissue. Apart from the
new PM, the Euro 130 million ($176 million) project includes two tissue converting
lines which were launched a year ago. Most of the plant’s production is meant for
the Russian market, with the rest going to the CIS market. (PPI Europe,
September 11, 2014)
[Canada] Ontario Power Generation’s (OPG) Atikokan Generating Station (GS) is now
operating on biomass, making it the largest electrical power plant in North America
fuelled by 100% biomass. OPG has fuel supply contracts in place with two companies
in northwestern Ontario -- Rentech Inc. and Resolute Forest Products Canada. Each
will supply 45,000 tonnes of wood pellets annually for a total of 90,000 tonnes.
The Atikokan GS is a former coal-fired electrical facility. The conversion project
got underway in mid-2012 with ground preparation and the construction of two silos,
each 44 m tall and 21 m in diameter. Each silo can store up to 5,000 tonnes of wood
pellets. Modifications to the boiler and a new distributed controls system were
also required. (Pulp and Paper Canada, September 16, 2014)
[Slovakia] Mondi SCP has fired up its new Andritz-supplied high-energy recovery
boiler at its Ružomberok pulp and paper mill in Slovakia, a spokesperson from Mondi
said. In January last year, Mondi SCP announced its plan to invest Euro 128 million
($164.6 million) in renewable energy projects at its Ružomberok mill, in line with
the company’s strategy to increase the firm’s energy self-sufficiency and improve
its CO2 footprint. The investment provided for a new recovery boiler at the mill to
increase pulp production, reduce the mill’s environmental footprint and improve the
overall cost position. (PPI Europe, September 25, 2014)
4
September / October 2014
[Vietnam] Nine Dragons Paper has started up a new 350,000 tonne/a recycled
containerboard PM at a greenfield mill in Shenyang city, Liaoning province. The
kraft-top liner unit, dubbed PM 37, kicked off production earlier in September.
Nine Dragons is planning to erect a 350,000 tonne/a testliner PM at the same site.
The startup of the unit, PM 39, is scheduled for the end of 2016. Elsewhere, in
Vietnam, the firm is reconsidering a 500,000 tonne/a recycled PM project at a site
in Binh Duong province. Valmet has been signed up to supply the PM, which will have
a design speed of 1,300 m/min and a daily capacity of approximately 1,450 tonnes.
(PPI Asia, September 26, 2014)
[China]’s Anhui Shanying Paper Industry has recently started up two recycled
containerboard PMs with a combined capacity of around 1.04 million tonnes/a at a
new mill in Maanshan city, Anhui province. PM 5 has a wire width of 8.6 m and a
production speed of 1,100 m/min. It can produce kraft-top liner and testliner
grades in the basis weight range of 90-175 g/m² at a rate of 1,380 tonnes/day. It
kicked off trial runs in September. The other unit, PM 6, has a capacity of 1,540
tonnes/day and is designed to make recycled fluting and testliner in the basis
weight range of 50-110 g/m². It has a wire width of 8.6 m and a production speed of
1,500 m/min. The machine commenced trial runs early last quarter. Both PMs were
supplied by Valmet. (PPI Asia, October 10, 2014)
[China]’s Hengan International has started up a 60,000 tonne/a tissue PM at a mill
in Changde city, Hunan province. The Andritz unit, dubbed PM 17, has a width of 5.6
m and a design speed of 2,000 m/min. The tissue giant has been expanding
aggressively in China, and ordered eight 60,000 tonne/a tissue PMs in 2012. The PMs
were planned to come online by 2015, with the first one to be commissioned in 2013.
However, the firm delayed the start-ups due to oversupply pressures in China. PM 17
was the first out of the eight to come on stream. A second 60,000 tonne/a machine
is scheduled to kick off production soon, later this year. Four more will start up
in 2015, followed by the remaining two in 2016. (PPI Asia, October 10, 2014)
[Sweden] Södra has started work to expand its Varö bleached softwood kraft (BSK)
pulp mill on the southeast coast of Sweden. The firm announced it had received
permission from the Land and Environment Court to move ahead with the project,
which was approved by Södra’s board in February, and that construction work began
on October 8. The firm said earlier that its environmental application included a
request to produce ECF (elemental chlorine free) pulp as well as the TCF (totally
chlorine free) production process currently in use. The SEK 4 billion ($557
million) expansion will increase the mill’s capacity to 700,000 tonnes/a of BSK
from the current 425,000 tonnes/a, which the firm said would make it one of the
biggest producers of sulphate softwood pulp in the world. The expanded mill should
start up in the autumn of 2016. (PPI Europe, October 16, 2014)
5
September / October 2014
[Finland] Metsä Group has formally begun work to prepare the site of its planned
Euro 1.1 billion ($1.5 billion) bio-products mill at its Äänekoski facility in
Finland. Demolition work has commenced on an old, decommissioned (1985) sulphate
pulp mill at the site. The new project is slated to include a 1.3 million tonne/a
market pulp mill, which should produce some 800,000 tonnes/a of BSK pulp and
500,000 tonnes/a of (BHK) pulp. The pulp mill at the site currently in operation
produces some 105,000 tonnes/a of BSK and 415,000 tonnes/a of BHK. In addition to
pulp, the new facility should produce bioenergy and various biomaterials, details
of which the company has not yet specified. (PPI Europe, October 16, 2014)
[China] Shandong Chenming Paper Holdings has started making uncoated fine paper at
a rate of around 200,000 tonnes/a on a former newsprint machine at its mill in
Zhanjiang city, Guangdong province. The 5.56 m-wide PM, which started up earlier
this month, was relocated from a mill belonging to the firm’s subsidiary Jilin
Chenming Paper. (PPI Asia, October 17, 2014)
[China]’s Shanxi Qiangwei Paper has recently started up a new 200,000 tonne/a
gypsum facing paper machine at a mill in Jinzhong city, Shanxi province. The PM,
supplied by China Paper Machinery, has a design speed of 800 m/min, and can produce
gypsum facing paper in the basis weight range of 130 - 170 g/m².(PPI Asia,
October 17, 2014)
[USA] Cascades expects to soon start up a converted tissue paper machine at its St.
Helens, OR, mill. The 194-in trim unit is a wet crepe tissue and towel 55,000 short
tons/a PM that is to make both white and kraft paper parent rolls. The mill was
buying high grades and new double-lined kraft corrugated cuttings in the last
month, contacts said. The PM is a converted uncoated freesheet (UFS) paper machine
run formerly by Boise Paper and combines with a 77,000 tons/a PM that Cascades
acquired in 2002 at the mill site just north of Portland on the Columbia River.
(Pulp and Paper Week, October 17, 2014)
[Saudi Arabia] Arab Paper Manufacturing also known as Waraq, has started up a new
300,000 tonne/a recycled containerboard unit, PM 3, at its Dammam mill on the east
coast of Saudi Arabia. PM 3 will produce testliner and fluting, which Waraq will
sell to its existing customer base which is spread out across the Middle East and
southeast Asia as well as select markets in Africa. The machine used to be called
PM 6 and was located at SCA’s New Hythe mill in the UK. It used to have a capacity
of 260,000 tonnes/a, but Waraq upgraded it to 300,000 tonnes/a. Most of the PM
overhaul was done by Waraq’s own engineers and technical team. France’s Allimand
took part in the project by installing an SC sizer and a starch coating color
kitchen. (PPI Europe, October 23, 2014)
[USA] Packaging Corp of America (PCA) completed the conversion of the D-3 machine
at its DeRidder, LA, mill to 355,000 tons/a of containerboard production on Oct.
17. The $115 million project included improvements
to the former newsprint machine, which ceased production in September, as well as a
new 1,000 tons/day old corrugated container (OCC) recycling system. (Pulp and Paper
Week, October 24, 2014)
6
September / October 2014
MERGERS, ACQUISITIONS & PLANT CLOSURES
[Quebec] Resolute Forest Products says competition from a government-subsidized
mill in Nova Scotia, higher operating costs and falling demand have forced the
closure of its Laurentide paper mill in Shawinigan, Que., affecting 275 workers.
While demand for specialty papers has decreased nearly 25% since 2009, Resolute has
faced the restart of Pacific West Corp.'s mill in Port Hawkesbury, N.S., that
produces 360,000 tonnes of paper. That's nearly double Laurentide's capacity of
191,000 tonnes. Sources also noted Quebec’s high fibre costs and that the mill is
126 years old. (Paper Advance / The Canadian Press, September 4, 2014)
[USA] Old Town Fuel and Fiber announced the closure of the mill and associated
biofuels production, industry representatives said. The mill, owned by New Yorkbased private equity firm Patriarch Partners, has ceased operations indefinitely
affecting about 180 employees. While pulp remained the mill’s core business, it was
the only facility in Maine experimenting with the production of biofuel (butanol)
on a commercial scale. (Paper Advance / Portland Press Herald, September 5, 2014)
[Spain] Ence on Sept. 4 announced it will transform its Huelva 410,000 tonnes/a BEK
pulp mill into an advanced renewable energy site. The company said the Huelva site
suffered heavy losses for three consecutive quarters due to its cost inefficiency
and lack of domestic wood, which resulted in a loss of Euro 48.6 million in the
first half of 2014. As a follow-up to this, Union officials have announced their
intention to carry out strikes at the firm’s 430,000 tonne/a Pontevedra BEK mill
and the 500,000 tonne/a Navia BEK mill in reaction to the decision. The strike ran
from October 11-14, as are employees at the firm’s headquarters in Madrid. (PPI
Latin America, September 9 and October 9, 2014)
[China]’s Hwagain Group has shut down a 55,000 tonne/a mill in Nanning city,
Guangxi autonomous region. The site, which had a combined capacity of around 20,000
tonnes/a of tissue and 35,000 tonnes/a of uncoated fine paper, stopped production
in late August. Its 60 m chimney was demolished on August 31 to great local
fanfare. (PPI Asia, September 26, 2014)
[USA] Norampac's new lightweight linerboard machine was down for four days in
September, and its adjoining corrugating medium machine at Niagara Falls, NY,
remained down and was expected to restart on Sept. 29, following a wind-swept fire
that burned across two old corrugated container (OCC) stockpiles, and touched
building and equipment, contacts said. In all, the fire destroyed 14,000 tons of
OCC or about 2% of the material that the company consumes annually at the Niagara
Falls complex. Damage from the Sept. 20 fire was mostly on the Norampac side of the
complex, where two machines run with about 315,000 tons/a of corrugating medium
capacity. Norampac also operates the Greenpac partnership machine, which started up
in mid-2013 with capacity of 540,000 tons/a for making lightweight linerboard.
"Production equipment at the Greenpac mill was not damaged during the fire. (Pulp
and Paper Week, September 26, 2014)
[Ontario] Expera Specialty Solutions a Wisconsin based P&P company that is 50% pulp
integrated, signed a letter of intent to acquire Resolute Forest Products' 200,000
tonnes/a bleached kraft pulp and 110,000 tonnes/a specialty paper mill in Fort
Frances, ON. Expera officials met with Fort Francis city officials, including the
city's mayor. (Pulp and Paper Week, September 26, 2014)
7
September / October 2014
[Quebec] Kruger Inc. will stop production on the No. 1 paper machine and deinked
pulp plant operations at its Brompton newsprint mill for an indefinite period,
effective November 14, 2014. The company says the decision is intended to rebalance
the order book and improve the mill's competitive position. Unfavourable market
conditions, in particular the continuing drop in demand for newsprint, were cited
as the reason for the decision. The shutdown will affect 98 employees and reduce
the mill’s annual newsprint production by 100,000 tonnes. The company has said it
will make every effort to minimize the closure's impact on its employees. (Pulp and
Paper Canada, September 29, 2014)
[USA] Verso will close its Bucksport mill in Maine in the fourth quarter, removing
50% of the firm's coated mechanical (CM) production capacity. About 350,000 tons of
CM and 55,000 tons of specialty paper production capacity will be eliminated, Verso
said. "The Bucksport mill unfortunately has not been profitable for a number of
years, in spite of our employees' dedicated efforts to make it so. Our assessment
indicates that it is impossible for the mill to achieve profitability in today's
marketplace," CEO Dave Paterson said. (Pulp and Paper Week, October 3, 2014)
[Quebec] Resolute Forest Products will indefinitely shut two newsprint machines at
its 463,000 tonnes/a Baie-Comeau mill in Quebec on Nov. 30 and idle its 200,000
tonnes/a Amos, QC, newsprint mill for 30 days on Oct. 31. The combined shuts will
remove about 38,000 tonnes of newsprint production from the market this year and
about 250,000 tonnes/a going forward. The closures raise the combined amount of
North American newsprint capacity curtailments in 2014 to more than 800,000
tonnes/a. (Pulp and Paper Week, October 10, 2014)
[Canada] The Canadian government has filed a claim with the World Trade
Organization regarding the imposition of duties by China against Canadian producers
of dissolving pulp. Both Tembec and Fortress Paper were affected the China’s import
duties, which range from 13 to 23%, and requested the federal government intervene.
On Oct. 15, Canada made a request of the WTO for consultations with China with
respect to Chinese anti-dumping duties levied on imports of cellulose pulp from
Canada. (Pulp and Paper Canada, October 22, 2014)
[Sweden] BillerudKorsnäs has reached a deal to buy the chemithermomechanical pulp
(CTMP) equipment from Rotternos’ Utansjö mill in Sweden. The price tag of the deal
was not disclosed. The CTMP line at Utansjö was closed down in June 2008. A
spokesperson from BillerudKorsnäs said the equipment will be used for the ramp-up
of the firm’s Rockhammar CTMP mill from its current capacity of some 90,000
tonnes/a to 150,000 tonnes/a. (PPI Europe, October 23, 2014)
[USA] RockTenn plans to close its uncoated recycled paperboard (URB) coreboard mill
in Cincinnati, OH, by the end of the year, according to local press reports. The
53,000 tons/a mill is one of RockTenn’s oldest and smallest, the Cincinnati
Enquirer reported. (Pulp and Paper Week, October 24, 2014)
[British Columbia]-based Catalyst Paper agreed to buy NewPage's Biron paper mill in
Wisconsin and Rumford pulp and paper mill in Maine for $74 million if Verso
completes its proposed acquisition of NewPage. If these deals go through, Catalyst
will vault into third place in North American coated paper capacity rankings with
about 900,000 tons/a, behind Sappi's 1.24 million and the combined NewPage-Verso's
3.23 million tons. (Pulp and Paper Week, October 31, 2014)
8
September / October 2014
PRODUCT PRICE SUMMARY (US Dollars)
Product
Units
2007
2008
2009
2010
2011
2012
2013
2014
2014E
NBSK Pulp (N.E.)
BEKP (N.E.)
Newsprint 48.8
g/m2 (US East)
Uncoated.
Freesheet 50 lb
Offset Rolls(US)
tonne
tonne
800
707
839
782
667
564
939
849
956
802
813
757
866
793
926
745
929
743
Current
Price
935
730
tonne
585
695
560
607
640
640
608
606
605
605
sh.
ton
832
912
863
912
937
910
858
870
897
905
923
1,085
935
909
1,015
994
998
925
923
910
517
569
545
625
640
657
728
740
740
740
Mbf
250
220
181
254
255
299
362
352
353
354
Msf
160
171
163
219
187
270
267
219
228
223
LWC 34 lb (US)
Linerboard 42 lb
(US East)
Lumber #2&Btr.
(W-SPF 2x4, FOB)
OSB 7/16” (N-C
US)
Canadian Dollar
E = estimated
sh.
ton
sh.
ton
0.893
US$
0.93
0.942
0.88
0.971 1.012 1.001 0.973 0.912 0.907
Sources: RISI Monthly Commentaries (October 2014), Wood Markets Monthly (October
2014), BMO Capital Markets Economic Forecast (Oct 31, 2014) and Oanda historical
rates (Oanda.com, Oct 31, 2014).
9

Download Report