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 20, 2023 8:40am

277 Views

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%.