Softwood lumber demand was anemic the week of August 13 and prices continued to correct; many players were on vacation.
Western S-P-F: USA Wobbly
Suppliers of Western Spruce-Pine-Fir lumber and studs in the United States continued to struggle with every deal as buyers were cagey in view of wobbly pricing.
Western S-P-F: Canada Vaccilate
Prices kept coming off in bunches this week as Canadian sawmills adjusted and re-adjusted to meet vacillating customers’ terms.
Demand for Eastern S-P-F plywood seemed to get worse each day. Field inventories were flush and buyers showed zero urgency.
At least liquidity in the Oriented Strand Board (OSB) market was improving, with prices apparently getting close to a bottom.
In a market still hard to call, prices remained variable between producers, but were decidedly down.