Post by
phoenix_trader on Jul 30, 2021 7:27pm
Weyerhaeuser confirms strong export log markets
WEF will report record Q2 numbers and likely for the remainder of the year.
Turning to our export markets. In Japan and China, demand for our logs remained strong, and our sales realizations increased significantly. Global logistics constraints, particularly with respect to shipping container availability and strong North American lumber prices continued to impact the availability of imported lumber into Japan and China. This has resulted in strong demand for locally produced lumber and increased demand for imported logs. Additionally, a ban on Australian logs continues to reduce the supply of imported logs to China.
Comment by
madmax42 on Jul 31, 2021 11:39am
Yeah Weyerhaeuser just report a record Q2 and the stock got it's worst day of the month... Sentiment and smart money is simply not there... Long term it will be back