Rayonier Inc. said Wednesday it anticipates modestly higher weighted-average delivered log prices in the second half of 2023.
Outlook for weighted-average delivered log prices in the second half:
The company said it anticipates modestly higher weighted-average delivered log prices in the second half of 2023 compared to the first half based on improved end-market demand and lumber prices.
On lower prices compared to the first half:
Over the balance of the year, the company anticipates weighted-average delivered log prices will be modestly lower as compared to the first half of 2023, primarily due to weaker demand in both export and domestic markets as well as increased supply from Cyclone Gabrielle salvage operations.
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