China facing the brunt of a pending log supply shortage as a result of Russia’s current 25% Log Export Tax and the scheduled 80% Tax – Tightening log supply pressure only being partially averted due to reduced market demand and currency volatility as a result of the global economic crisis. While Russia’s move to an […]
Delay of the 80% Log Export Tax for 9 to 12 Months Only Creates More Uncertainty for Log Importers. After having insisted for two years that the increasing log export tax was essential to develop the domestic log processing industry and therefore not negotiable, the Russian government has suddenly done an “about face” on the […]
Russia’s Scheduled 80% Log Export Tax will reduce log exports, disrupt global forest products trade flows and create a supply shortage in China. Higher prices and increased demand will create substantial opportunities in logs, lumber, pulp and other products for a variety of exporting countries to China and other Asian countries …. read more.
U.S. Moulding Sector projected to be hardest hit of all major building materials. Housing market slump impacts offshore moulding producers the most as “perfect storm” stalls US market. The market outlook for 2009 remains grim until a delayed recovery start in 2010 …. read more.