REQUEST A SAMPLE: https://madisonsreport.com/products/lumber-price-dashboard/
Customers Hunt for Value as Lumber Prices Increase Somewhat
In early July some lumber prices ticked up slightly as low inventories kept the supply-demand balance in check.
- Traders of Western-SPF in the US reported a tenuous upward trend, supported by positive movement in lumber futures.
- Sawmill order files were into the latter half of June, making discounts increasingly difficult to find.
- Buyers tried to secure their mid-summer needs at the previous week’s prices, but mills held fast to their established lists.
- Customers of Eastern-SPF carrying short positions who had been waiting for a pullback in prices found themselves caught.
- The ESPF supply pipeline was demonstrably leaner than it has been in the past two years at this time.
- Southern Yellow Pine asking prices pushed as high as $10 to $15 above print as producers tried to pass on rising freight costs.
- Retail customers in the US northeast relied on just-in-time purchasing as external factors made every transaction more challenging.