Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Wood Products / Global / North America
July 13, 2020
Why US lumber prices defied pandemic to score a nearly 60% quarterly gain?
US lumber prices made a big comeback in the second quarter, with a nearly 60% jump for the period more than making up for a loss in the first three months of the year, as home builders rebounded from the initial effects of the pandemic. Lumber prices and their rapid rise, particularly in the three weeks ended on July 2, have exposed an industry that was or is “underinventoried to meet current demand,” says Greg Kuta, president of lumber broker Westline Capital Strategies. Most-active lumber futures LBU20, +0.06 ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!