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Sales of most framing lumber species moderated from the pace of the previous two weeks. But many prices maintained at least modest upward momentum. Green and dry Douglas Fir led the way, while Southern Pine price trends flattened. Many buyers took a wait-and-see attitude with Canadian taxes on shipments to the U.S. rising to their highest levels during July.
[Mais... ]
Despite the U.S. holiday, modest to steady follow-through from the previous week boosted many framing lumber prices. Traders asserted that demand was far from robust, but activity over the past two weeks had reduced supplies at the mills. Diversion of production to offshore markets and sawmill curtailments and closures also helped to stem a supply overhang that has dogged the market since the start of the year.
[Mais... ]
U.S. producers in all regions reported a stronger sales pace and firm to stronger prices. Several catalysts were cited, including drier weather in the South, strength in futures, the effects of recent curtailments and mill shutdowns, and buyers’ need to replenish inventories
[Mais... ]
After a long slosh through May, the 2015 US framing lumber market finally gained traction and hit a higher gear in early June. Reduced production — mostly in the West — got a lot of credit, but increased demand was also behind the market’s strengthened tone. Producers hiked quotes as they extended order files into late June and even early July, and many key items posted double-digit gains...
[Mais... ]
Order files stretched well into July at many framing lumber mills, and prices rose accordingly. Sales slowed for some producers who had pushed shipment times into mid-July last week. But those finishing up June and selling into early July posted strong sales and hiked prices
[Mais... ]
Sales of framing lumber picked up overall, but downside pressure on prices intensified in a few regions, namely the Inland West and South. A few curtailments in Western Canada drew attention, and contributed to a mildly firmer tone in the S-P-F market. But the downward price trend was unabated and grew steeper in Southern Pine. Traders in many SYP markets said this was due in part to competitively priced Canadian S-P-F
[Mais... ]
Trading in framing lumber was mixed. The tone of the market improved in Canada and the West, but downward pressure was unabated in the South. Activity Thursday was sparked by a surge in futures ahead of Friday’s close of the May contract. Wholesaler short covering and cautious distribution replenishment were key factors. Many prices firmed, but
[Mais... ]
Sales picked up in all U.S. framing lumber markets, and many prices moved higher. Some mill salesmen reported that it was their best sales week of the year to date. Order files often extended into early to mid-June. While secondaries noted that demand was no runaway, action in the field picked up noticeably
[Mais... ]
U.S. softwood lumber traders were relieved to put March behind them, but sales in the first couple days of April were nothing to shout about. Dealers across the U.S. and Canada remained cautious. With wet ground stalling work at many job sites, the focus was on clearing inventory rather than forward purchases...
[Mais... ]
Frustration and angst grew among US traders of framing lumber, as the market remained in the doldrums. Oversupply was cited as the primary culprit, but demand fundamentals were also getting closer scrutiny...
[Mais... ]
A bearish tone prevailed throughout the U.S. framing lumber market, as most buyers steered clear of all but must-have purchases. Traders seized on three indicators: a 26% year-to-date drop in North American exports to China; a 10% increase in Canadian shipments to the U.S. through February; and a disappointing housing report for March...
[Mais... ]
Trends in framing lumber mostly pointed downward through the last week. However, prices in most species found a firmer footing by midday Thursday.
[Mais... ]
Winter kept an icy grip on the eastern half of the U.S. and Canada, hampering production, shipments, and especially sales. Veteran traders with customers based in the East and South couldn’t recall a winter as tough as this one, even with last winter’s extensive troubles still fresh in their minds. The Random Lengths Framing Lumber Composite Price hit a four-week average that was low enough to initiate a tax for April on lumber shipments from Canada to the U.S. for the first time since October 2013...
[Mais... ]
Prices of framing lumber continued to fall, as demand failed to match production. Warmer weather in many markets in the East and Midwest was encouraging, and generated more inquiries, but failed to translate into a notable increase in consumption. Rain was still an issue in some markets, including the Southeast. However, the general mood brightened in the South, where buyers saw values in some items and stepped in. The Random Lengths Framing Lumber Composite Price fell $6, to $335...
[Mais... ]
Prices of framing lumber in U.S. finished lower in most species, although some producers were able to hold quotes to their midweek levels. A gain in futures late Tuesday sparked sales in the cash market on Wednesday, as wholesalers covered shorts and distributors and dealers filled in inventory holes
[Mais... ]
Trading picked up in framing U.S. lumber markets, although day-to-day activity was inconsistent. Tuesday was generally the busiest day of the week; a limit-up move in futures was enough to push many fence-sitters into the market. Fair trading prevailed through Wednesday, but the pace cooled on Thursday
[Mais... ]