Our Mission Statement
As a responsible partner TP delivers to clients, employees and the industries we serve the confidence to drive value through the effective use of our diverse professional team.
As a responsible partner TP delivers to clients, employees and the industries we serve the confidence to drive value through the effective use of our diverse professional team.
SYP Prices Remain High in October
As we noted last month, three significant factors recently converged to drive southern yellow pine lumber prices higher: western US wildfires, hurricanes Harvey and Irma, and a delayed decision from the US Department of Commerce regarding duties on Canadian softwood lumber. After spiking to nearly $420/mbf in early October, prices have receded but still remain high as we approach the end of warmer weather and peak building season.
While end uses for southern yellow pine lumber typically differ from much of the lumber produced in the fire-ravaged Pacific Northwest (PNW) and British Columbia, prices have nevertheless surged since Hurricane Harvey first made landfall. The composite southern yellow pine lumber price for week 42 was at $411/mbf, which is down from week 41’s price of $419/mbf. Week 42’s price is, however, 9 percent above its January 2017 starting point of $378/mbf, and 6 percent above the 2016 week 42 price of $387/mbf.
A closer look at some of the prices we have seen since the beginning of the year:
Courtesy of John Greene, Forest2Market
We will be closed November 23rd and 24th in celebration of Thanksgiving. We are very grateful for the grace, provision and protection we receive each day. We hope everyone enjoys this time as well with family and friends.
Canada Bound WPM Review
In 2005, an exemption was established for the movement of wood packaging material (WPM) from the U.S. to Canada. In speaking with Tyrone Jones, USDA Director of Forest Products, this standard works conversely between the two countries and for review, the exemption specifies in part:
The exemption applies to both WPM shipping as a commodity and WPM bearing product. In some situations, a declaration is required to document the origin of the wood used to build the WPM as being sourced from the Continental United States.
A declaration is not required on:
A declaration is required on:
On Repaired WPM:
It is important that facilities and their customers are aware of this standard in order to avoid costly delays at the border and potential loss of business.
If you are really thankful, what do you do? You share.
W. Clement Stone