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US lumber prices rise as Hormuz reopening boosts market sentiment, while supply constraints continue to tighten market

US lumber prices have moved higher in recent days as improving sentiment surrounding global trade and persistent supply constraints continue to support the market.

Market participants contacted by Global Wood Markets Info reported price increases of US$10-20/mbf for some higher-grade Western dimension lumber products during the past week, with buying activity strengthening after a relatively quiet period. Continue reading "US lumber prices rise as Hormuz reopening boosts market sentiment, while supply constraints continue to tighten market"

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