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June 24, 2019
Skyrocketing lumber prices in US as Canadian curtailments crisis escalates
News broke last Monday of another mill closure in British Columbia, which shifted trading in most framing lumber species to a higher gear. West Fraser announced its intention to permanently close its Chasm lumber mill and eliminate a shift at the 100 Mile House mill in the third quarter. Sales slowed in late trading, however, as buyers paused to assess the market. The reported price of Western S-P-F #2&Btr 2x4 jumped $30 higher, although upward momentum slowed in the second half of the week.   ...
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