Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Vancouver, CanadaHeadline | physical_fob | — | USD/MBF | 380–520 | Dec 2024 | — |
| Bangkok, Thailand | physical_cif | — | USD/CBM | 450–650 | Dec 2024 | — |
| Shanghai, China | physical_fob | — | USD/CBM | 280–380 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical timber trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Vancouver, Canada | — | |
| Bangkok, Thailand | — | |
| Shanghai, China | — |
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