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August 16, 2021
N. American lumber prices drop to nine-month low
North American lumber futures slid to the bottom in additional than 9 months after sawmills ramped up manufacturing and demand from builders stabilized. September futures in Chicago fell as a lot as 4.4% to $482.90 per thousand board ft, the bottom for a most-active contract since Oct. 30. Prices have dropped greater than 70% from the document excessive reached simply three months in the past. The tumble marks a stark turnaround for the frequent constructing materials after robust U.S. development demand in the course of the pandemic spurred a surge in orders ...
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North American lumber producers are cutting back production, a signal that higher interest rates are taking rootCompanies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Global / North America