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June 18, 2020

US softwood lumber prices stabilize; inventories weak

US softwood lumber prices stabilize; inventories weak

After a wild ride down then up over the past few months, most standard construction framing dimension softwood lumber prices stabilized last week, to levels both producers and customers are comfortable with. Inventories remain spotty as sawmill production is still constrained and buyers continue to look for highly specified loads only.

Purveyors of Western Spruce-Pine-Fir commodities in the United States described last week as similar to the previous one as most customers had their near-term needs covered and continued to be careful in their dealings. Players reported good consumption levels in Western and Southwestern states.

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