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 5.0 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 Mar 14, 2023 10:10am

283 Views

Post# 35337171

TD Notes

Trees Weekly

Lumber Trade File Optimism Offset by Broader Market Headwinds Lumber Prices Keep Sliding; OSB Holds Steady

Forest product equities' share prices declined last week, in tandem with broader market trends. On average, wood-weighted names in our coverage universe declined 5.3%, led by WFG (down 6.9%), LPX (down 6.3%) and IFP (down 6.1%). Lumber equities rallied mid-week on reports that the U.S./Canada trade dispute would be discussed later this month, but trended lower by week-end. Pulp & paper-weighted equities declined 3.8%, on average. Last week's sector trends compared with declines of 4.5% for the S&P/TSX Composite and 4.4% for the S&P 500.
Lumber markets continue to weaken. The Western SPF 2x4 (#2 & better) cash price ended last Thursday at US$357/Mfbm — a two-month low, down 4% w/ w, and 22% versus early-February highs. Adverse weather, ongoing affordability hurdles, and macroeconomic concerns continued to weigh on sentiment. Better conditions in the U.S. South supported prices for Southern Yellow Pine; the reference 2x4 (#2 & better) improved 1% w/w.
OSB prices are stable. The benchmark North Central OSB price ended last week at US$250/Msf, flat for the past four weeks. Prices in other regions were little- changed. Winter weather dampened demand over the past week, but producers kept supply in check, with relative strength in the U.S. South.

North American old corrugated containerboard (OCC) prices are stable. Fastmarkets RISI reported that New York OCC prices in March are US$30/ton, unchanged for five consecutive months at the lowest levels since February 2020. Weak corrugated box demand has depressed OCC prices since late-2022, but market reports indicate that pressure is building, partly from new containerboard capacity that is starting up now.