Market News of Note

Between January and May, U.S. pellet exports jumped 14.8% y-o-y to 2.5 million m3 with export value expanded 17.4 % to $349.4 million, according to USDA data.

U.S. log exports to Vietnam jumped 39.8% to 110.1 thousand m3 with export value expanded 46.9% to $40.2 million.

The number of persons affected is 155 and paper machine 10 in Plattling will be permanently closed by mid July 2019.

Approximately 160 employees will be impacted by this curtailment.

From January through April, Chinese log imports from New Zealand jumped 21.8% y-o-y to 5.6 million m3 with import value $787.9 million, according to China Customs data.

Kruger Inc. is receiving a $13.8 million investment from the federal government for biomass and recycled paper projects in Corner Brook, Newfoundland and Brompton, Quebec, respectively.