Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup
  • Dick Young’s Safe America

New Zealand’s Trees Fill China’s Mills, While U.S. Lumber is Slumps

February 14, 2019 By Young Research

Timber manufacturer in Marlborough area, New Zealand. By peacefoo @ Shutterstock.com

The performance of the forestry industry couldn’t be much different in New Zealand and the United States. Lucy Craymer reports on the industry at The Wall Street Journal:

The U.S. lumber industry is in a rut, but halfway across the world, wood is still a hot commodity.

Forestry prices in New Zealand—one of the world’s largest timber exporters—are near record highs, thanks largely to strong Chinese demand for pine-tree logs.

A-grade logs for export were recently selling for 140 New Zealand dollars (US$95) a metric ton, up around 14% from September, according to market data provider AgriHQ.

In contrast, U.S. futures contracts for lumber—or planks of timber—fell sharply in the second half of last year. That drop was the result of a cooling U.S. housing market, slower construction activity as well as sharply lower U.S. wood exports to China. U.S. lumber prices have ticked higher this year, but are still down about 25% from May 2018.

New Zealand has been a big beneficiary of China’s construction and infrastructure projects. The pacific island nation exported $2.8 billion of logs and sawed products last year and about 70% went to the world’s second-largest economy.

Read more here.

RedStag Timber Sawmill Opening HD 23 March 2017

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • Cadillac Flying High in China
  • Trees don’t Grow to the Sky
  • China’s Relentless Auto Sales Slowdown
  • Author
  • Recent Posts
Young Research
Latest posts by Young Research (see all)
  • Happy Martin Luther King Jr. Day! - January 18, 2021
  • Happy New Year! - January 1, 2021
  • Merry Christmas! - December 25, 2020

Search Young Research

Most Popular

  • The Fed is Sacrificing Retirees to Save the Banks
  • Dick Young’s Safe America: Chapter 1, Part I
  • I’ve Been in Richard Young’s Maximizers for Years
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • The Power of a Compound Interest Table
  • Whether Through Audacity or Ignorance, Stock Fundamentals Are Being Ignored
  • Jim Simons's Renaissance Technologies vs. Internet Forum Traders
  • The Highest Yielding S&P 500 Stocks
  • Smith Family Robinson in Live Free or Die, NH
  • February RAGE Gauge: Americans Focusing on What's In Front of Them

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • Absentee Ballots Not Verified
  • SARS-CoV-2: Probability of Outdoor Airborne Transmission Very Low
  • Your Personal Safety: Concealed-Carry How to Carry Your Freedom
  • Mostly Peaceful, Ungovernable Protestors
  • Biden’s Inaugural, the Most Confusing, Contradictory, Incoherent Ever?
  • Ten Republican Senators to Get Behind
  • Why Do Government Officials Want To Silence Their Opponents?
  • And 2022 Is Right Around the Corner
  • PANDEMIC Pushes Military-Grade Surveillance on Americans Like YOU
  • Facebook Is Already Censoring This Letter

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Social Media

  • Facebook
  • Twitter
  • Youtube
  • Pinterest

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.