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May 7, 2018

Lumber market in the US driven by increased demand; prices boomed

Lumber market in the US driven by increased demand; prices boomed
The framing lumber in the US was mainly driven by an increased seasonal demand during last week. This made the prices go up in all species, with many setting all-time highs.     The Random Lengths Framing Lumber Composite Price hit a new high of $525, rushing past its previous record of $513 set in early March. Buyers urgently sought coverage, but were frustrated by long mill order files and transportation problems. Railcar shortages remained particularly acute in Western Canada, followed by Eastern Canada.          Week   ...

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