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July 17, 2020
Softwood lumber prices in US increase toward 2018 highs, demand drops
While demand for construction framing dimension softwood lumber continued to surpass supply last week, it was noticeable that buyer orders to sawmills were slowing down. Indeed, customer interest seemed to shift from the benchmark Western Spruce-Pine-Fir to the East Side, as prices of Eastern Spruce-Pine-Fir increased by more than that of Western. Demand for plywood, meanwhile, was unabated for reconstruction following social unrest about racial inequality. Western S-P-F producers in the US reported another stellar week during which they wished they had more material to cover ...
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