Asian country is interested in the product that saves forest company to low poem more, reason Russia is about to increase log to export duty, or meeting be a burden on log exit loses this country the market.
The tax rate of tax of Russia log export that had go into effect on January 1 next year will by uptodate 25% add to 80% . Low poem saves forest market to expect, offer your forest meet an emergency to must tighten insufficient about the measure that impose tax, prevent lumber price to slide ceaselessly thereby.
The biggest cork produces the whole nation business Canfor Corp. (TSX code name: CEO CFP) Xiepode (James Shepard) expresses: " the individual thinks, that does not mean lumber exit to will appear market of flourishing of a free, it can be shown however consolidate city rock-bottom. "
Be broken down by American estate market be a burden on, lumber price fell several years considerably in the past, make Jia Guolin consequently wooden company gain is big stricken. In the forest product that the company that impose a state exports, about 80% be defeated by past United States.
Chinese market appears supply breach
Group of international lumber market (the report that International Wood Markets Group) publishs last week points out, russia authorities increases log to export duty, will make export the lumber that heads for China to appear giant supply breach. China is the main entrance country of Russia log. According to knowing, the measure imposing tax of Russia already made need of many timber mill room shuts Finland and Baltic each country.
Company of the forest that impose a state will be indebted
The report thinks, company of the forest that impose a state may from " severe shortage and raw material price considerably violent wind rises " below the circumstance indebted, the country such as China of reason such as, what will provide product of the log of competition ability, lumber, pulp etc lumber in price of choose of global each district is other supply channel.
Couplet of foreland forest product meets (Geoffrey of president of Coast Forest Products Association) (Rick Jeffery) expresses: " till Russian duty be increased become effective, our ability important matter is celebrated. "
Geoffrey discloses, go 3 years, low poem province is coastal the timber that transports past China pays volume already by 6% add to 14% .
TimberWest Forest Corp. (TSX code name: TWF.UN) expresses, the market expects Russia tax during be increased, log of this company under one's name already attracted the more interest that buy the home.
TimberWest spokesman Luolimo (Steve Lorimer) expresses: " they are considering to reach inquiry line of the products supply a case, they know the reason this duty already placed in at the moment. . . . . . Stop from the supply over there Russia or more costly. "
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