Timber

  • Technical prevention of trading systems

    Technical prevention of trading systems

    2020-09-24

    To improve the quality of services, technical maintenance works of trading systems will be carried out from 25th of September 5 pm. to 27th of September. Therefore, the Electronic Trading System, Electronic Heat Auction System, Electronic Timber Trading System will not work

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  • Timber Exchange Trade Overview – August 2020

    Timber Exchange Trade Overview – August 2020

    2020-09-10

    A total of 119 short-term auctions were announced in August, of which 83 auctions were completed (at which at least one buyer offer was presented). These auctions received offers from 109 participants, of which 99 participants concluded contracts. The data of Q1 2020 for China, the world's second largest timber market, shows a drop both in imports and exports. Read more

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  • Timber Exchange Trade Overview – July 2020

    Timber Exchange Trade Overview – July 2020

    2020-08-20

    In July, buyer activity via the ETTS was very high both in terms of the number of completed auctions and the amount of sold timber. The global timber market continues to be considerably affected by the COVID-19 pandemic and the increased supply of timber due to European forests being damaged by pests and drought and dropped prices of European timber. Read more 

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  • Timber Exchange review – June 2020

    2020-07-15

    Previously unseen changes continue to be recorded on the global timber market. Historically, timber prices in Europe have been among the highest in the world over the past few decades; however, due to the significant increase in the supply of timber as a result of pests and dry weather, cheap European timber has filled all global timber markets. Germany and Sweden have recently become the major timber importers to the USA, and in Q1 2020, Sweden and Finland have for

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  • Timber Exchange review – April 2020

    Timber Exchange review – April 2020

    2020-05-14

    In April, trade under short-term contracts via the Electronic Timber Trading System (ETTS) was very active, with the sales volumes increasing 3.5 times compared to April last year. The supply of timber under short-term contracts increased by 76% and the total quantity ratio of purchased to offered timber decreased from 1:4.3 to 1:2.1 compared to April 2019. It is therefore evident that the COVID-19 pandemic has not had any material effect on timber trade. A total of 75,944 solid m3

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  • Timber Exchange review – March 2020

    Timber Exchange review – March 2020

    2020-04-17

    After the very active February, trade via the Electronic Timber Trading System (ETTS) under short-term transactions in March has remained equally active, despite the COVID-19 pandemic and quarantine announced in Lithuania in mid-March. Quite the contrary, sales volumes have grown 5.5 times compared to March 2019, but this can be related to the increased supply of timber under short-term transactions. This is also demonstrated by the auction schedule, which is already full for the two forthcoming weeks. A total of

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  • Timber Exchange review – February 2020

    Timber Exchange review – February 2020

    2020-03-20

    Trade was very active in the first two months of this year. A total of 50,507 solid m³ of timber was sold via the Electronic Timber Trading System (ETTS) by the end of February 2020. Similar market activity in the month of February was last recorded in 2015. The supply of firewood and timber harvesting residues was particularly high – a surplus of these assortments has been observed from the very beginning of the heating season. Ninety-one auctions were held

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  • Timber Exchange review – Year 2019

    Timber Exchange review – Year 2019

    2020-02-07

    The past few years have been favourable to the European timber market: demand has remained stable, timber sales have continued to grow and market participants have been actively investing in the improvement of the effectiveness of their production facilities. Export markets have continued to expand (Asian countries in particular), and the pre-crisis level of trade with the US has been reached. However, the latest warm weather conditions dominating throughout Europe, in particular Central Europe, have affected the balance on the

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  • Timber Exchange review – October 2019

    2019-11-20

    115 buyers from Lithuania, Latvia and Poland took part in the ETTS auctions in October By the end of October, the quantity of sold timber recorded with the Electronic Timber Trading System (ETTS) amounted to 165 solid m³. A total of 149 auctions was organised in October, of which 92 auctions were announced as completed. This was a 23% increase compared to September. One hundred fifteen buyers from Lithuania, Latvia and Poland took part in the auctions. Ninety-seven per cent

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  • Timber Exchange review – September 2019

    2019-10-15

    In September, the prices of woodchips in Lithuania continued to decrease, as European forests were attacked by wormholes By the end of September, the quantity of sold timber recorded with the Electronic Timber Trading System (ETTS) amounted to 70,440 solid m³. Over this period, 124 auctions were organised, of which 75 auctions were announced as completed. Ninety-three buyers from Lithuania and Poland took part in the auctions. Ninety-five per cent of timber was purchased by Lithuanian companies. The total value

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  • Timber Exchange review – August 2019

    Timber Exchange review – August 2019

    2019-09-15

    A total of 121,549 m³ of timber was sold via the ETTS by the end of August. Most of the sales (85,352 m³) accounted for the sales of the repeat auction of the 2nd half of 2019. A total of 115 auctions had been announced, and 64 of these actually took place. The auctions were attended by 95 buyers from Lithuania, Latvia and Poland. The value of the sold timber amounted to EUR 3,147,384. During the repeat auction of the

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  • Timber Exchange review – July 2019

    Timber Exchange review – July 2019

    2019-08-21

    As a result of the auction of the second half of 2019, 609,979 m³ of timber was sold. This accounted for 75% of timber proposed for selling by the State Forest Directorate. 196 buyers of timber participated in the auction. Compared to the data for the first half-year auction, the prices of all assortments under the concluded transactions decreased on average by 22%. It should be noted that some timber remains unsold; consequently, after a repeat auction, the overall price

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  • Timber Exchange review – June 2019

    Timber Exchange review – June 2019

    2019-07-29

    In June, sellers offered 302 593 m3 timber on the electronic timber trading system (ETTS), or 20 percent more than in May. Short-term contracts for sales of 91 248 m3 of raw timber were concluded, which was 1.5 times more than in April (60 266 m3). Buyers purchased only 30 percent of offered production, similar to the previous months. Full review here

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  • Timber Exchange review – May 2019

    Timber Exchange review – May 2019

    2019-06-26

    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

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  • The auction process of the second half of 2019 has been announced

    2019-06-21

    We hereby inform that the start time of the auction of the second half of 2019 for concluding of half-year contracts has been announced in the ETTS. The start of the auction is on 18 July 2019 at 12:00. The process of the auction: Registration of sellers is going on from 1 July 2019 12:00 to 10 July 2019 23:59 The initial deposit is paid from 2 July 2019 12:00 to 11 July 2019 23:59 Registrations are verified from 2 July 2019 12:00 to 12

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  • UPDATE: REGARDING CANCELLATION OF THE HALF YEAR TIMBER AUCTION

    2019-05-03

    Please be informed that further information about the half year timber auction will be published on 20th May 2019. Timber Trading System Operator BALTPOOL UAB Tel. +370 5 2393159, +370 5 2393157

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  • REGARDING CANCELLATION OF THE HALF YEAR TIMBER AUCTION

    2019-05-02

    Please be informed that according to the request by the timber seller - State Forest Company (VĮ Valstybinių miškų urėdija), the half year timber auction is cancelled until further notice. We will keep you informed of any further developments on the situation. Timber Trading System Operator BALTPOOL UAB Tel. +370 5 2393159, +370 5 2393157

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  • March 2019 Review of Timber Trade

    March 2019 Review of Timber Trade

    2019-04-15

    In March, the ETTS trade volumes grew 1.8 times compared to February. Transactions for the sale of 12,876 m3 of timber under short-term contracts were concluded in March. Over the past month, the State Enterprise State Forests Directorate offered twice as much timber as in February, but buyers purchased less than one half, i.e. 38% (34,285 m3) of the offered timber. The February trading scenario could also be observed in the first spring month, i.e. 50% of the announced auctions have not

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  • ETS and ETTS functionality restored

    2019-03-25

    Please be informed that ETS and ETTS functions are fully restored

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  • REGARDING AVAILABILITY OF THE ELECTRONIC TRADING SYSTEMS

    2019-03-25

     Please be informed that due to the malfunction of IT systems of the IT service provider, the electronic trading system is temporarily unavailable. Work to restore the system back to work is underway. We expect that the auction of the 26th March 2019 will take place in regular time. Regarding registration to the timber auctions, please contact us at +370 5 239 3163 or by email mediena@baltpool.eu We apologize for any inconvenience this may cause and will keep you informed

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