Click image
for larger view
Softwood
lumber exports decreased by 10 MMBF (6.6 percent) in June while imports fell by
33 MMBF (2.8 percent). Exports were 1 MMBF (0.6 percent) below year-earlier
levels; imports were 209 MMBF (22.7 percent) higher.
Click image
for larger view
Asia
(especially China and Japan) was the primary destination for U.S. softwood
lumber exports in June, although the rest of North America (i.e., Canada and
Mexico) was a close second. China was also the largest single-country
destination; year to date (YTD), exports to China were up over 51 percent
relative to the same period in 2013. Meanwhile, Canada was the overwhelming source
of softwood lumber imports into the United States. Overall, YTD exports were up
10.0 percent compared to the same period in 2013, while imports were up 8.6
percent.
Click image
for larger view
Click image
for larger view
Roughly
47 percent of U.S. softwood lumber exports left the country through West Coast (primarily
Seattle, WA) customs districts in June. At the same time, Great Lakes customs
districts (especially Duluth, MN) handled nearly 70 percent of the softwood
lumber imports coming into the United States.
Click image
for larger view
Click image
for larger view
Douglas-fir
comprised 20.8 percent of all softwood lumber exports in June, followed by Southern
yellow pine with 20.3 percent.
The foregoing comments represent the
general economic views and analysis of Delphi
Advisors, and are provided solely for the purpose of information, instruction
and discourse. They do not constitute a solicitation or recommendation
regarding any investment.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.