(Reuters) - The U.S. housing market crash has hit the North American forest products sector with the price of some wood products falling to a 17-year low, the U.N. Economic Commission for Europe (UNECE) said on Monday. Chinese demand for raw materials is providing some support to producers, but Chinese processors are increasingly present as competitors for finished products, it said in its Forest Products Annual Market Review. The UNECE, which covers North America, Europe and the former Soviet Union, said prices for some products such as sawn wood had fallen in North America to their lowest levels since 1991. More

Sphere: Related Content

Posted by markw, filed under Economy. Date: August 11, 2008, 1:19 pm |

Leave a Comment

Your comment

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.