It is expected that the North American timber price will fall between 700 and 800 yuan next year

The director of potlatch Deltic, a North American timber producer, also predicted that the price would fall to 700-800 yuan next year, but still higher than 639 yuan before the epidemic. His estimation is based on the need of timber price to support the operation of sawmill. If the mill fails to meet the market demand, it will eventually lead to the rebound of timber price.

In addition, the stock market also reflects that wood prices will fall further in the future. Analysts at BMO capital markets point out that the share prices of the three Canadian companies that have become the largest sawmills in the southern pine forest region have reflected the expectation that the timber price will be 447 yuan next year. Although slightly higher than the normal price, it is still more reasonable than the historical high. According to insiderscore, the analysis company, senior managers of forest products sold out their shares one after another in the last quarter, which means that senior managers of these sawmills think that the peak period of wood prices has passed.