As a result of the inversion of the pellet price trend as well as falling sideboard prices, nearly all sawmills are lacking the products which only a little while ago were the reason to produce nearly at full capacity. The extent of the curtailments of production can be seen in Germany where a double-digit decrease in percentage terms is likely – after a marked increase in the first half of this year. While log prices are currently stabilizing despite the reduction of cutting volumes, lumber price levels seem to have reached the bottom for good in November because of reduced cutting.
