Interfor Corp T.IFP

Alternate Symbol(s): IFSPF

Forest Products Lumber & Wood Production

Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. The Company operates through solid wood products segment. The Company offers its products across two categories, which include Dimension Lumber and Specialty Lumber. The Company's products include Interfor machine-stress rated (MSR) Lumber, Interfor Western HQ Lumber, Interfor Stud Lumber, Interfor Elite Decking, Interfor Elite Fascia & Boards, Interfor Elite V-Joint Paneling, Interfor Elite Fineline Paneling, Interfor Elite Channel and Lap sidings, Interfor Elite Bevel Siding and Interfor Elite Shadow Gap Siding. It produces quality joist products for both residential and commercial floor and roof projects. The Company has annual lumber production capacity of approximately 5.2 billion board feet and offers a diverse line of lumber products to customers around the globe.

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Interfor Corp

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Post by retiredcfon Mar 20, 2023 8:40am

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Post# 35348398

TD Notes

Trees Weekly

Lumber Futures Rally on Downtime; Equities Spinning Their Wheels Pulp Prices Under Pressure Across Grades and Regions

Most forest product equities' share prices declined last week, mirroring broader market volatility. On average, names in our coverage universe declined another 2.4% last week, led by WEF (down 12.1%) and MERC (down 8.7%). Commodity lumber producers were relatively resilient (up 1.0%, on average), supported by a shift in commodity market momentum. Last week's sector trends compared with a 2.0% decline for the S&P/TSX Composite and a 1.4% gain for the S&P 500.
Benchmark lumber prices climbed last week. The Western SPF 2x4 (#2 & better) cash price ended last Thursday at US$360/Mfbm — up 1% w/w, but still close to the two-month low and 22% below early February highs. The nearest Western SPF futures contract improved 9% during the week to US$452/Mfbm as unconfirmed reports of incremental western Canadian downtime led to improved sentiment.
OSB prices are stable. The benchmark North Central OSB price ended last week at US$250/Msf, flat for the past five weeks. Prices in other regions were little- changed. Weather remains the dominant factor.
The preliminary list price of Northern Bleached Softwood Kraft (NBSK) pulp in North America declined 1% m/m in March to US$1,650/tonne. This represents a 9% decline versus the mid-2022 peak. The average net transaction price for NBSK pulp imported into China is US$888/tonne, down 2% m/m and 12% below the July 2022 peak.
Containerboard prices remain stable. RISI Fastmarkets reported that the March price for 42-lb. unbleached kraft linerboard was unchanged m/m at US$860/ton. Between October 2022 and February 2023, prices declined US$70/ton, or 8%.