Forest2Market Issues First Delivered Wood Fiber Price Benchmark for the Northeast
Forest2Market has provided its first Forest2Mill Delivered Price Benchmark, a transaction-based market price report, to mill subscribers located in the Northeast United States. With this newest addition to the Forest2Mill product line, Forest2Market now provides market price reports, performance benchmarks and custom analytics to all major timber markets across the United States.
According to the 3Q2013 report, the average delivered cost of hardwood total wood fiber started at a quarterly low of $60.80 per ton in July. Price increased to $64.52 per ton in August before closing out the quarter at $65.74 per ton in September.
Hardwood pulpwood prices, a component of the total hardwood wood fiber average, held steady at the start of the quarter before closing on an upswing. The $51.72 price per ton reported in July declined to $51.36 in August before increasing to $52.95 in September. Hardwood chip prices averaged $63.91 per ton for the quarter.
Peter Coutu, Forest2Market’s Business Lead for the Northeast and Midwest regions, commented on the expansion. “The data Forest2Market provides to subscribers helps them identify opportunities to improve their position in the marketplace. We are excited to offer our benchmark service, which has been successful in the South, Pacific Northwest and most recently the Midwest, to wood fiber consumers in the Northeast. It provides a level of transparency to the market that was previously lacking.”
In addition to reporting delivered cost for hardwood pulpwood and chips, the benchmark also provides data on softwood total wood fiber, aspen pulpwood and fuelwood. Cost components reported include stumpage, cut & skid, haul & load, margin and other (procurement, woodyard overhead and freight transfers and fuel surcharges).
“Forest2Market strives to provide the market information our customers need to make better-informed decisions and improve their business performance,” said Coutu. “We look forward to expanding our business relationships as we continue to enhance our Northeast product offerings in the months ahead.”
Forest2Market Delivered Price Benchmarks:
Forest2Market has provided its delivered price benchmark service in the US South since 2006, the Pacific Northwest since 2007 and the Midwest since 2012. The Northeast delivered price benchmark provides quarterly price information based on transaction-level data for aspen, hardwood, softwood and fuelwood.
Forest2Market provides market pricing data as well as wood and fiber supply chain expertise to customers in the forest, wood and paper products, recovered fiber and bioenergy industries. Headquartered in Charlotte, North Carolina, the company also has offices in Eugene, Oregon and Appleton, Wisconsin. For more information, visit http://www.forest2market.com/.