World Pulpwood Prices Slide
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In the third quarter, wood fiber prices fell in the local currencies in most of the regions covered by the Wood Resources Quarterly (WRQ), Seattle, Wash., USA. However, because the U.S. dollar weakened against most currencies, wood prices in U.S. dollar terms did not decline as much this quarter.
The Softwood Wood Fiber Price Index (SFPI), which is based in U.S. dollars, was down another 0.5% from the second quarter of 2012 to $100.05/odmt (oven dry metric ton), WRQ reports. It was the fifth consecutive quarterly decline and the index has now come down 8.7% since early 2010. The biggest price declines were seen in Northwest U.S., Germany, and Russia.
Hardwood fiber prices started to increase in some regions in the third quarter, which resulted in the first increase of the Hardwood Wood Fiber Price Index (HFPI) in more than a year. The Index increased by $1.56/odmt from the second quarter of 2012 price to $106.44/odmt in the third quarter of 2012. Hardwood fiber prices increased the most in Russia, Eastern Canada, and Brazil.
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