Source: China Wood Business Network
Recently, some large-scale forestry companies have announced their results for the fourth quarter of 2018 and the fiscal year of 2018. Although most of the losses were in the fourth quarter, they were all profitable for the whole year and had a record-breaking historical best performance.
Major forestry companies have losses in 2018, but overall profitability
In the report, various forestry companies mentioned that the timber industry faced various challenges in 2018. The bad weather conditions and transportation difficulties at the beginning of the year affected production and transportation, causing extreme fluctuations in timber prices and order patterns; the timber market was weak and the southern United States The harsh climate, reduced production in BC, and planned and unplanned downtime have all had a major impact.
In fact, the domestic timber industry has experienced a long winter in 2018. Starting from the policy of falling exchange rate and increasing tariffs, the domestic traders are worried and the demand in the terminal market is weak, which makes the timber market in the lively season. Also quiet.
Although the major forestry companies pointed out the impact and impact of 2018, they also expressed their confidence in 2019. The depression is only a temporary one. In the long run, the demand for wood in the end market will only continue to increase. Through the cold winter, the spring is coming, the season of recovery of all things, hope that the timber industry can usher in a new wave of vitality!
Editor in charge: Ge Hongyan
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