According to Import and Export Data Watch, as of June 5th, Canada's wildfires have destroyed over 9 million acres of land, with half of the fires in a state of loss. Canadian National Railway Company CN recently told the media that Canadian Railway Company will consider adjusting railway operation according to the fire situation in due time.
The concerns of Canadian railway companies are not unreasonable. After all, in May this year, as an important timber supply area in North America, Edson, Alberta, had a direct negative impact on its nearby roads and railway transportation lanes due to the fire. Some timber companies have started to consider using trucks instead of transportation, and transportation costs are bound to rise.
At the same time, due to the widespread impact of the wildfire, there were issues such as reduced log supply and production stoppages in the local area. Chantiers Chibougamau was forced to close its Nordic Kraft pulp mill located in Lebel on the banks of the Quiveren River. According to the import and export data, with the deterioration of wildfires in Canada, Derek Nighbor, CEO of FPAC, suggested that the government should allow the expansion of tree cutting, which could not only reduce the fire risk, but also alleviate the pressure on logs.
Based on the current analysis of Canada's timber market, Royal Bank of Canada said that timber prices will increase in the near future and are expected to gradually recover later this year.
Will Canadian wildfires have an impact on the Chinese timber market? Xiao Lao believes that it will have a certain impact. According to import and export data, from January to April this year, the import volume of wood from Canada decreased by 14.5% year-on-year, totaling 792000 meters ³。 However, based on the import and export data from March and April, the export volume is relatively stable, with monthly imports remaining at 250000 meters ³ Left and right.
According to import and export data, from the perspective of timber types, Canada's exports to China roughly include white wax, oak, maple, pine, and cherry wood. Even if there is a decrease in Canadian timber exports and a significant increase in costs, Chinese timber merchants can still find alternatives from other countries, so there is no need to worry too much. (Transferred from: Wood Cloud Information Platform)