ForesterBlog.com
BC company West Fraser Timber sets record in second quarter by shipping more than 30 per cent of its Canadian production to China and Japan.
Chinese demand has helped to increase lumber prices above the lows set in 2009.
Pierre Lacroix of Desjardins Capital Markets expects market conditions for lumber to improve over the next six to nine months on reduced industry production, slight improvement in U.S. housing and continued Chinese demand.
“We're excited about this growing market and West Fraser will continue to devote all necessary resources to expand our business in China and throughout Asia,” CEO Hank Ketcham said Friday during a conference call.
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