NEW YORK (Scrap Register): Softwood lumber prices have trended downward in the US, Russia and Japan during the third quarter, while they have gone up in China and the Nordic countries, reports the Wood Resource Quarterly.

Prices for softwood lumber imported to China increased this fall, while they fell in Japan as the housing market weakened. In the US, lumber prices were moving downward in the 3Q, while still being close to their highest levels in ten years, reports the Wood Resource Quarterly.

In the Nordic countries and Russia, lumber exports have increased because of higher demand for wood in key markets in Europe and the MENA countries.