What is Macro Pulse?

Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
Macro Pulse's timely yet in-depth coverage.


Thursday, August 7, 2014

June 2014 International Trade (Softwood Lumber)

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.