Delivered Price Benchmark Introduced to the Northeast

Hardwood pulpwood prices, a component of the total hardwood wood fiber average, held steady at the start of the quarter before closing on an upswing. The $51.72 price per ton reported in July declined to $51.36 in August before increasing to $52.95 in September. Hardwood chip prices averaged $63.91 per ton for the quarter.

Peter Coutu, Forest2Market’s Business Lead for the Northeast and Midwest regions, commented on the expansion. “The data Forest2Market provides to subscribers helps them identify opportunities to improve their position in the marketplace. We are excited to offer our benchmark service, which has been successful in the South, Pacific Northwest and most recently the Midwest, to wood fiber consumers in the Northeast. It provides a level of transparency to the market that was previously lacking.”

In addition to reporting delivered cost for hardwood pulpwood and chips, the benchmark also provides data on softwood total wood fiber, aspen pulpwood and fuelwood. Cost components reported include stumpage, cut & skid, haul & load, margin and other (procurement, woodyard overhead and freight transfers and fuel surcharges).

Forest2Market has provided its delivered price benchmark service in the US South since 2006, the Pacific Northwest since 2007 and the Midwest since 2012. The newest addition to the Forest2Mill product line, the Northeast delivered price benchmark provides quarterly price information based on transaction-level data. With the expansion, Forest2Market now provides market price reports, performance benchmarks and custom analytics to all major timber markets across the United States.