Lumber Market
OSB: Sales were slow (last) week and prices began to slip. Those with contracts had to scramble to make a sale causing the mills to look even harder for additional sales. Order files did vary from region to region with the South being the most vulnerable. We expect prices to soften as we move on in to the summer season.
WESTERN
SPF: Western spruce mills tried to find a trading level for 2x4 this week as they remained firm in price and order file. Reload and distribution are still getting the highly specified orders. There are not enough inventories at any level to keep this market down, should anything happen to spark short covering. Right now, we seem to be perfectly balanced between supply and demand. Expect wides to be firm to higher due to lack of supply while narrows will be attempting to find a trading range.
Courtesy Do It Best
Corp.
Weyerhauser predicts increasing prices in 2010 and
2011. Read more
here.
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