Timber Exchange review – May 2019
In May, sellers offered 255 842 m3, or almost three times more of raw timber on the electronic timber trading system (ETTS) than in April. Short-term contracts for sales of 60 266 m3 of raw timber were concluded, which was 2.8 times more than in April (21 600 m2). As demand and supply were increasing, buyers purchased 24 percent of offered production in May, similar to the previous months.
39 percent of published auctions did not take place, because the buyers were not satisfied with the proposed timber price. The fact that supply exceeded demand also had the influence; therefore, it was noticeable that the participants were registering sluggishly to some of the auctions.