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Prices of framing lumber held to a firm to upward path, as more buyers shed expectations for further downside that recently followed the February spike. Many traders reported finishing one of their best first quarters in years, amid a high degree of anxiety that stemmed from the U.S.-Canada trade issue, timber supply constraints, and transportation issues, among others. A number of traders were out of their offices, and the level of activity surprised many traders.
[Mais... ]
An active framing lumber market early in the week turned frenetic Thursday as angst over anticipated duties on Canadian exports to the U.S. set off the futures market and sent cash buyers scrambling to cover their needs with mill offerings for April shipments
[Mais... ]
Sales of framing lumber at the mill level slowed, as secondaries focused on selling from their own inventories and dealers struggled to absorb recent price hikes
[Mais... ]
Trading in framing lumber perked up Wednesday, putting a halt to skidding or drifting prices in most species. Follow-through Thursday was mixed, but generally enough to encourage sellers. The major exception was Southern Pine, as a perception of an imbalance in supply and demand took hold.
[Mais... ]
With trading off to a steady start through midweek, sales of framing lumber hit a higher gear on Thursday and pushed prices sharply higher. Gains well into double digits were common, and mills tested additional increases through Thursday.
[Mais... ]
Sales of framing lumber slowed considerably from the previous week’s chaotic pace, as buyers stepped back to digest recent purchases and discern the market’s staying power. Many traders were wary that the most recent hikes in prices had too much air in them, and waited to see whether mills could sustain them
[Mais... ]
Sales of framing lumber were focused heavily on the secondary market, where wholesalers and distributors digested recent purchases and higher prices. Upward price momentum at the mills largely stalled. However, some prices carried higher on solid mill order files and momentum from the recent run.
[Mais... ]
Structural panel markets were mixed. OSB sales were hit and miss coming out of the holidays, with winter weather playing a role in mills’ volumes for the week. Trading in the South was slow and conservative. Southern Pine plywood trading was fairly active to start the week, but dwindled as mills firmed prices and colder weather affected demand in some markets. The pace in western Fir plywood picked up as traders returned to their offices, but it was far from robust. Order files at mills varied.
[Mais... ]
Demand for framing lumber gained steam as the week progressed, and in some species trading picked up sharply Wednesday and Thursday. A futures-incited surge in Western S-P-F developed Wednesday, as traders reacted to speculative talk circulating about the trade case
[Mais... ]
Sales of framing lumber jumped Thursday after the Commerce Department released its U.S. housing starts report for October. The sharp gain was one of several catalysts sparking trader confidence and allaying fears of downside risk. News coverage on the U.S.-Canada trade dispute and expectations that the U.S. would soon file a trade case against Canada generated some buzz.
[Mais... ]
Sales of framing lumber were more active than many traders had anticipated heading into the holiday-shortened week. Prices in various species were on the upswing through Tuesday, even as many traders in the U.S. filtered out of their offices. Last week’s faster pace and finish helped producers carry momentum into Monday, with mills holding or bolstering order files that extended into the weeks of December 5 and 12. Distributors focused on keeping active job sites supplied.
[Mais... ]
Trading in framing lumber was cautious overall, but producers sold enough or fell back on order files to keep prices at least close to previously established lists. The overriding issue holding back most traders was the October 12 expiration of the standstill, which has given Canadian producers a year of unfettered access to the U.S. market
[Mais... ]
Framing lumber sales thus far in October failed to meet expectations, leaving price trends and traders’ outlooks on the market muddled. The standstill period under the expired Softwood Lumber Agreement came to an end at midweek. With no immediate filing of a petition by U.S. interests to open a new trade case against Canada, there was little drama, but continued uncertainty looking forward.
[Mais... ]
Trading in framing lumber turned bearish amid thinning mill order files and fading consumption in the field. Low expectations were widely held with many traders attending the annual NAWLA Traders Market in Las Vegas. Nonetheless, the quiet tone of the market left traders looking beyond the conference for answers to what has been a disappointing
[Mais... ]
The holiday-shortened week got off to a fast start on Tuesday, driven in large part by the day’s jump in futures. Follow-through the rest of the week was hit and miss, with futures tailing off both Wednesday and Thursday. The big move on the board followed a surge of orders in the cash market at Western S-P-F mills the previous Friday
[Mais... ]
Some framing lumber markets were more active in mid-September, while others quieted in a mixed week of trading. Southern Pine prices pulled out of a four-week tailspin, at least in the narrow widths. In contrast, prices weakened in Western and Eastern S-P-F, while trends were mostly flat in western species
[Mais... ]
A more bullish tone to the framing lumber market was apparent in some species, but less so in others. Trading was most active in Southern Pine and Canadian S-P-F, especially Wednesday and Thursday as the futures board rallied to a premium to cash. In all markets, traders weighed myriad factors that could tip the balance one way or another
[Mais... ]
Trading in framing lumber let up from the pace of the previous two weeks, but sales were sufficient for mills to hold to established levels or push quotes higher. Fear of prices tipping over the top kept buyers cautiously filling in, while avoiding inventory-building volumes. Meanwhile, demand in the field, with brisk sales at the retail level, fed a steady flow of inquiries back to secondaries and the mills. Gains in most key species pushed the Random Lengths Framing Lumber Composite Price up another $4
[Mais... ]
Price trends were mixed heading into the holidays in Canada and the U.S. A surge in futures on Tuesday sparked action in S-P-F trading through Wednesday. Elsewhere, the pace ranged from moribund, to steady, to active. Southern Pine producers sought to build order files with more urgency, sometimes opening to hefty discounts to sell volumes
[Mais... ]
Framing lumber traders looking for a more clear-cut direction to the market after the early July holidays in Canada and the U.S. were left searching. While trading had a pulse, it lacked strength in many species
[Mais... ]
Sales of framing lumber were stronger than expected for many traders who came into the week wary of a post-Fourth of July lull. Buyers in all regions steadily covered needs, including the South where heat and humidity failed to stifle demand for replacement purchases. An annual industry get-together in Idaho pulled a number of traders out of their offices late in the week. All told, upticks in key prices pushed the Random Lengths Framing Lumber Composite Price up $3 for the week to $352
[Mais... ]
Prices of framing lumber continued to strengthen amid steady consumption across the continent. A third consecutive week of price appreciation surprised some traders who had anticipated a mid-summer lull. But despite summer heat that beat down activity in the Midwest and Southeast, supplies overall flowed smoothly through the pipeline
[Mais... ]
Traders came back from the long holiday weekend in the U.S. in a cautious mood. Weakness in futures Tuesday to start the short workweek, and more downside on Wednesday, contributed to the quiet tone in framing lumber.
[Mais... ]
For much of the week, framing lumber markets muddled along at a pedestrian pace. That changed Thursday when a limit-up move in futures pulled buyers off the sidelines. Sales picked up most notably in Western and Eastern S-P-F, while carryover into other species was mixed
[Mais... ]
Mid-June sales were unremarkable, and traders struggled to discern the softwood lumber market’s near-term course. This led to conservative, just-in-time purchasing, with buyers taking care to avoid adding to their inventories. Quick shipments were a priority, fueling the notion that there was little inventory cushion in the distribution system. Mills, meanwhile, worked to push order file through the July 4 holiday
[Mais... ]