The American Forest & Paper Association released its November 2015 Kraft Paper Report on Dec. 16. Total Kraft paper shipments were 130.3 thousand short tons, 3 percent higher compared to November 2014. Bleached Kraft paper shipments decreased from 9.4 thousand short tons in October to 6.8, while unbleached Kraft paper decreased from 139.8 to 123.6 thousand short tons. Overall, year-to-date shipments up to November 2015 were 2.1 percent higher compared to the same period in 2014. Total month-end inventories decreased slightly to 76.4 thousand short tons.
Canfor Corporation (TSX:CFP) announced today it will be curtailing operations at all British Columbia sawmills, except WynnWood. The majority of mills will be curtailed for two weeks or the equivalent, with extended curtailments of four weeks at Houston and Plateau, and six weeks at Mackenzie. The curtailments are scheduled to run from June 17 through July 26.
The curtailments are due to very poor lumber markets and the high cost of fibre, which are making the operating conditions in BC uneconomic.
The curtailments will reduce Canfor’s production output by approximately 200 million board feet.