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. It operates through the solid wood products segment. The Company’s product categories include Dimension Lumber, Specialty Lumber and Engineered Wood Products. Its products include Spruce-Pine-Fir, Douglas Fir-Larch, Hem-Fir, Southern Yellow Pine, Western Red Cedar, Douglas Fir-Larch, and P3-Joist. Its sawmills provide a diverse range of sustainable products to supply North American markets with a complete offering of framing materials. Its Western Red Cedar products include Elite Decking, Elite Fascia & Boards, Elite V-Joint Paneling, Elite Fineline Paneling, Elite Channel/Lap Siding, Elite Bevel Siding and Elite Shadow Gap Siding. It has an annual lumber production capacity of approximately 4.7 billion board feet and offers a diverse line of lumber products to customers around the world.

TSX:IFP - Post by User

Interfor Corp

<< Previous

Bullboard Posts

Next >>

Post by retiredcfon Jan 10, 2022 9:02am

168 Views

Post# 34299258

TD Notes

Trees Weekly

Wood Product Commodity Prices Keep Rising
Equities Pause to Start 2022 After Sharp Gains to Finish 2021

After registering accelerating gains to end 2021, forest product equities pulled back in the first week of 2022. The average share-price decline of 2.1% for our coverage universe outpaced week-one declines of 0.7% for the S&P/ TSX Composite and 1.9% for the S&P 500. Despite ongoing exceptional gains for lumber and OSB, investors paused to consider strong sector momentum to end 2021. Since H2/21 lows, the average share-price recovery for our coverage universe is 30.5%.
No stopping lumber markets as price momentum accelerates to start the year. The benchmark Western SPF 2x4 price increased 7% to US$1,120/Mfbm, the highest level since mid-June 2021 and up 191% since late-August. Gains for commodity grades were similar across dimensions and regions. Volatility reigns for lumber markets; reports attributed last week's price surge to supply constraints related to deteriorating weather, logistics, and COVID-19 disruptions.
OSB price improvement matched lumber last week. The benchmark North Central price of US$745/Msf increased US$60/Msf w/w (+9%) to the highest price point since late-July 2021. Price gains were even more pronounced in the U.S. South. Market reports referenced order files extending well into February for some mills. Western Canadian transportation disruptions added tension to markets.

Western Canadian supply reductions set floor for pulp markets. Final December 2021 softwood pulp market price momentum was mixed across relevant regions. The list North American northern bleached softwood kraft (NBSK) pulp price dropped US$20/tonne in December (to US$1,450/tonne), while the net transaction NBSK price in China increased 9% to US$760/tonne. Reports indicate that January prices in China have further increased to more than US $790/tonne. Temporary curtailments in western Canada, led by Canfor Pulp, have supported markets in recent weeks.