News
Wood Industry News
7 July 2022
Back to normality or recession warning ?
All commodities have dropped in price so is the lumber price:
Prices of lumber futures for the last year:
(Source : Inversting.com – https://www.investing.com/commodities/lumber)
Also the stock’s prices of companies from the timber and forestry industry declined since
the high level of April 2022 :
Prices of iShares Global Timber & Forestry ETF :
The iShares Global Timber & Forestry ETF seeks to track the investment results of an index composed
of global equities in or related to the timber and forestry industry.
(Source : Yahoo finance – https://finance.yahoo.com/quote/WOOD?p=WOOD)
Sea freight prices are also on a downward trend, falling from record levels :
The Baltic Dry Index
(BDI) is an index of average prices paid for the transport of dry bulk materials
across more than 20 routes. The BDI is often viewed as a leading indicator
of economic activity because changes
in the index reflect supply and demand
for important materials used in manufacturing.
The Baltic Dry Index (BDI) is a shipping and trade index created by
the London-based Baltic Exchange.
It measures changes in the cost of
transporting various raw materials, such as coal and steel.
(Source: trading economics – https://tradingeconomics.com/commodity/baltic)