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October 9, 2018

Softwood lumber prices in US continue to drop sharply

Softwood lumber prices in US continue to drop sharply
Downward momentum eased in some framing lumber species in US. But even with quarter-end pressure to sell behind them, producers in the West continued to open to steep counters to draw in orders. Deep cuts were more spotty, but a few remained in the $30-50 range.   The Random Lengths Framing Lumber Composite Price fell an additional $16 for the week. Traders noted that the downturn was the most severe they have seen in their careers, and an analysis of the plummet backed that up.             ...

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