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May 27, 2021
US lumber sales down as buyers refuse to pay higher prices
Lumber prices rose yet again for the week ending May 14; however, volumes sold were lower as customers refused to pay the higher prices. Those who needed wood for ongoing projects or purposes that could not be delayed sought out the specific products they needed only and paid whatever the asking price was. Accepting delivery as soon as possible was more important to them than price. However, actual sales were down because buyers did not accept how high prices have become. Does it mean we have reached the top? Perhaps. Does it ...
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