Report: Global forest industry hit hard in Q2, pulp demand down

The global forest industry has had a difficult second quarter with softening prices and excess supply, according to Wood Resource Quarterly’s highlights from its “Global Forest Industry in the 2Q/2019” report.

Global pulpwood prices

  • Prices for softwood pulplogs and wood chips fell in practically all markets around the world in Q2/19 because of a combination of factors. These factors varied by region, but included reduced fibre demand, lower pulp prices, insect-damaged forests and favourable logging conditions.
  • In Q2/19, the Softwood Fiber Price Index (SFPI) fell by 1.5 per cent from the previous quarter.
  • The Hardwood Fiber Price Index (HFPI) was down 0.5 pr cent quarter-over-quarter in Q2/19. Hardwood pulplog prices fell the most in Indonesia, Germany, the US Northwest and Brazil, while prices increased in Russia, Japan and Australia.