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October 31, 2019
North American panel prices recover magnificently, big changes at BC sawmill operators
This week started with big news as Canfor announced a bid to go private, and Conifex sold its Fort St James timber rights to Hampton, which plans to build a new sawmill within 36 months. Last week, construction framing dimension softwood lumber prices rose slightly, while oriented strand board (OSB) and plywood prices absolutely soared. There are fewer panel producers than dimension lumber manufacturers — on a relative basis, and they are more disciplined with their production volumes during times of soft demand. Such a sheer change in prices, whether up or down, suggests a new level ...
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