Click image
for larger view
Softwood
lumber exports decreased by 3 MMBF (2.0 percent) in August while imports fell by
80 MMBF (7.2 percent). Exports were 12 MMBF (7.7 percent) below year-earlier
levels; imports were 140 MMBF (15.7 percent) higher.
Click image
for larger view
The
rest of North America (i.e., Canada and Mexico) was the primary destination for
U.S. softwood lumber exports in August, although Asia (especially China and
Japan) was a close second; Canada was also the largest single-country
destination. Year to date (YTD), exports to China were up over 21 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 5.8
percent compared to the same period in 2013, while imports were up 9.2 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 August. At the same time, Great Lakes customs
districts (especially Duluth, MN) handled over 69 percent of the softwood
lumber imports coming into the United States.
Click image
for larger view
Click image
for larger view
Southern
yellow pine comprised 21.5 percent of all softwood lumber exports in August,
followed by Douglas-fir 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.