Timber Update June 2020
Last month, the Government provided further guidance and set out a road map on how they plan to relax the current lockdown measures, along with encouraging an economic recovery. The construction sector is largely attempting to return to work, with a significant proportion of our customers now back open and all of our suppliers back to production.
Glenigan is a trusted provider of market analysis and forecasting for the construction industry. They have recently created a Covid-19 timeline for the industry, which is
regularly updated and looks specifically at the issues impacting the wider construction industry.
Alongside this, they note the businesses which are opening their sites, as well as providing weekly live webinars with further updates.
To view the Glenigan Covid-19 timeline, click here.
Timber Market Update
- Most UK, Irish, Scandinavian and Baltic sawmills have recommenced production.
- There has been a weakening of the Pound against the Euro and Swedish Crown, which may result in increased prices in the coming weeks and months.
- As a consequence of the current lockdown measures that are in place, there has been a sharp spike in the demand for decking, fencing and sleepers, whilst people at home look to improve their outdoor areas.
- To better understand the effect of Covid-19 on the timber supply chain, the Confederation of Timber Industries (CTI) and its member associations, surveyed their members between 27 April and 6 May 2020 on areas such as returning to operation, stock levels and potential obstacles.
To view the full CTI survey report, click here.
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