Scion’s Log Price Outlooks to assist industryFriday 20 Nov 2015 During 2015 Scion issued three opinion-based log price outlooks to assist the New Zealand industry with decisions, where applicable. The outlooks request a wide range of people to vote on where they think prices are heading over the next 12 months. An increasing number of people have been participating in these forecasts since February. The graphs below display the actual log prices (blue bars) and the corresponding outlooks that were generated in February, May and August (grey lines).Although no forecast is 100% correct, this information can be valuable. The outlooks are not based on a mathematical model, but rather the minds of many industry decision-makers. Even when the outlook is wrong, it shows what industry was anticipating. For example, in February the general sentiment was that log prices were going to remain high. This did not materialise and it can be anticipated that many businesses would have recalibrated their activities and budgets when prices came under pressure. Various people participate in the generation of these outlooks, many from overseas, including large international traders. Currently Scion’s goal is to repeat these outlooks every three months and as time progresses to generate more sophisticated information. Anybody is welcome to participate in the outlook. The next log price outlook is running from 16 – 29 November 2015. To participate click on this link. Participation is confidential and the November outlook will be distributed in early December, exclusively to participants only. For more information contact: carel.bezuidenhout@scionresearch.com.  |
Copyright 2004-2024 © Innovatek Ltd. All rights reserved. |