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May 16, 2018
US lumber prices head to record-highs, due to tight supply and trade tariffs
The US lumber market is ready to boom, with futures rising to another record on the 14th of May, due to various factors, as: import tariffs, transport bottlenecks and strong housing demand. As Bloomberg reported, the futures rose 1 percent to close at $619 per 1,000 board feet on the Chicago Board of Trade. They’ve surged 66 percent in the past 12 months, which is a bigger gain than any of the raw materials tracked by the Bloomberg Commodity Index. Moreover, the prices are most likely to keep on growing ...
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