Wood Resource Quarterly

Wood Resource Quarterly Providing reliable wood market information since 1988

A quarterly review of global wood fiber markets Wood Resource Quarterly is the source for sawlog and pulpwood prices, as well as for market information for most regions worldwide. This extensive quarterly report includes current pricing in comparable units for sawlogs and pulpwood delivered to domestic sawmills and pulpmills, and compares price trends in five continents.

North America US, West Canada, West US, South Canada, East

Northern Europe Finland Norway Sweden

Western Europe Austria France Germany Spain

Russia Northwest Eastern Europe Estonia Latvia Czech Rep. Poland

Latin America Brazil Chile

Covered by WRQ

Wood Resources International, LLC www.woodprices.com

Asia Indonesia Japan

Oceania Australia New Zealand

Wood Resource Quarterly, the source for global wood price data and market information, is now in its 20th year with comprehensive analysis of wood market trends for the international forest industry. Each report is approximately 50 pages in length and includes sawlog, pulplog, wood chip prices and market information from all major regions of the world. The key factor determining a company’s or region’s global cost competitive position remains its raw material base and the cost of available wood resources. Wood costs account for between 40-50 % of the production costs for pulp manufacturing, and 65-75 % of the total production costs for sawmills. Timely knowledge of global wood fiber costs and trends remains a cornerstone for competent internal strategic planning within the forest products industry. Join the large group of international forest industry analysts in over 20 countries in subscribing to the only publication that has consistently tracked delivered wood prices and market developments worldwide since 1988.

Benefits of subscribing to the Wood Resource Quarterly (WRQ): • Evaluate the competitiveness of pulpmills and sawmills worldwide. • Track quarterly pulpwood prices on a consistent and comparable basis back to 1988. • Receive reliable pulpwood prices in US dollars and local currencies each quarter. • Follow current and historical quarterly sawlog prices going back to 1995. • Read about the latest global wood market developments.

The 22 regions covered in the WRQ are: North America US, West US, South Canada, West Canada, East Latin America Brazil Chile

Northern Europe Finland Norway Sweden

Eastern Europe Estonia Latvia Czeck Republic Poland

Western Europe Austria Germany France Spain

Asia Indonesia Japan Oceania Australia New Zealand

Russia Northwest

Pulplog and Wood Chip Prices Worldwide

Global Average Non-Conifer Wood Fiber Price

100 95 90 85

75

25

06

05

1q

1q

04

1q

03

1q

02

01

1q

1q

00

99

1q

1q

1q

1q

96

95

1q

1q

94

93

1q

1q

92

91

1q

90

1q

1q

1q

89

0

04

03

02

05 1q

1q

1q

01

50

1q

00

1q

99

1q

98

1q

97

1q

96

1q

95

1q

94

1q

93

1q

98

92

1q

97

1q

1q

91

50

75

1q

55

100

1q

60

125

Non-Conifer Roundwood

89

150

Conifer Roundwood

90

65

1q

70

175

88

200

88

US$/odmt - Delivered

225

Wood Fiber Prices - Finland

80

US$/odmt

250

1q

Wood fiber prices (average and range) are reported in both local currency and US dollars per cubic meter and oven dried metric ton. The prices are updated each quarter and supported by graphs showing a 20 year history of movements in delivered wood fiber price levels, and changes in foreign currency/US$ exchange rates. The regions covered by the Wood Resource Quarterly account for almost 90% of the world’s wood-based pulp production capacity.

Sawlog Prices Worldwide

Conifer Sawlog Price Index 1995 - 4q/2004

160

North America

60

US South - Pine BC Interior - SPF

10

US NW - Hemlock Quebec

3q

3q 1q /0 4

3q 1q /0 3

3q 1q /0 2

0

15

3q 1q /0 1

20

20

3q 1q /0 0

40

25

1q /9 5

US$/m3ub

30

Conifer Sawlog Prices - Brazil

80

3q 1q /9 9

35

100

3q 1q /9 8

40

3q 1q /9 7

45

120

3q 1q /9 6

1q/1995=100 (Based on price in local currenc

140

BC Coast - Hemlock

5

3q

3 1q q /2 00 4

3 1q q /2 00 3

3 1q q /2 00 2

3 1q q /2 00 1

3 1q q /2 00 0

3 1q q /1 99 9

3 1q q /1 99 8

3 1q q /1 99 7

3 1q q /1 99 6

0 1q /1 99 5

Sawlog cost is the key factor determining competitiveness in the global sawmilling industry and for understanding current and future regional investment developments around the world. Wood is the cost factor with the largest fluctuation, accounting for as much as 65-75 % of the total production cost for modern sawmills. WRQ tracks conifer sawlog prices in 17 regions, together accounting for almost 80 % of the world’s conifer lumber production. In each issue, delivered sawlog prices, in comparable units, are presented in graphs with data going back to 1995. Profiles of Current Market Developments

In addition to wood prices and market commentary for 22 global markets each quarter, the report also include updates of: • Timberland investments • Forest plantations worldwide • Pulp prices and market trends • Biomass markets in Europe and North America • Global sawlog market developments In each market report we also feature a country profile that presents the latest information regarding the forest resources and forest industry in a region of interest. Consulting Services by Wood Resources International, LLC Wood Resources International (WRI), an internationally recognized forest industry consulting firm established in 1987, has successfully completed more than 200 consulting assignments in over 35 countries worldwide. The company is committed to continuing these international consulting services to the paper and wood products industries by focusing on its area of expertise: on-site evaluations of forest resources and forest products industries worldwide. The company has, for more than 20 years, maintained the successful concept of combining forest resource cost analysis from the company’s market reports with the information in the company’s World Fiber Database, thus providing a unique knowledgebase that can be utilized for consulting assignments. Because of our perspective, confidentiality, and efficiency, WRI has conducted consulting projects predominantly for clients in the private sector worldwide, but also for multiple organizations such as the World Bank, the EU Commission, FAO, ITTO, WWF, AF&PA and USAID. Wood Resources International uses a flexible network of highly qualified consultants based in many countries, which allows us to respond to clients’ information needs in a timely and cost-effective manner. For a list of selected consulting assignments and conference presentations please go to our website:

www.woodprices.com

The WRQ is published four times per year and subscribers receive both a hard copy each quarter and also access to the most recent issues on our web site. For a sample copy of a recent issue, please visit www.woodprices.com to download a condensed version of the 50-page report. In addition to the Wood Resource Quarterly, the company also publishes the North American Wood Fiber Review, the best source for North American wood fiber price data and market information for the forest industry since 1983. Each issue is approximately 24 pages long and is the only publication that consistently provides comparable updates of softwood and hardwood prices (in green tons and metric dry tonnes), average and range, for all major markets in North America. The report is a useful information source for anyone that needs to track wood fiber costs, chip trade or fiber consumption by the pulp industry in the most active market in the world. The report is available both as hard copy and in PDF format on our web site. Please do not hesitate to contact us if you have any questions related to our subscription or consulting services. Mr. Håkan Ekström Wood Resources International, LLC P.O. Box 1891 Bothell, WA 98041, USA

Phone: +1 (425) 402-8809 E-mail: [email protected] Website: www.woodprices.com

Please initiate our subscription to “Wood Resources Quarterly” as indicated below. Basic subscription (single-user option)

US$2,300

Extended subscription (multi-user license, maximum 3 locations)

US$3,800

Intranet use, or if used by more than 3 locations within a company, please contact WRI for a written permission and for fees for such a license. · ·

All Wood Resources International (WRI) printed, e-mailed, downloaded or faxed articles, and reports are protected under U.S. federal and international copyright laws as proprietary information. No part or total of any WRI publication may be reproduced, transmitted or retransmitted in any form, or by any means, electronic or mechanical, including photocopy, facsimile, or any information storage and retrieval system, including intranet, without express written permission. This include sharing of password with unlicensed users.

Send the reports, invoice and password for website access to: Name ___________________________________ Position __________________________ Company ________________________________________________________________ Street Address/P.O.Box ______________________________________________________ Postal Code __________ City ________________ Country ______________________ Phone ___________________ E-Mail _______________________________________

www.woodprices.com