Slow trading placed more downward price pressure on SPF lumber. Activity increased Tuesday after traders heard reports of additional sales to Asia, but short covering and other buying in wake of the news quieted by Wednesday morning.
A price index of lumber and panels used in actual construction for April 19, 2013
Sales activity at SPF mills was slow, as buyers often turned to secondaries to purchase needs. Seeing potential for another buying opportunity, wholesalers sold off their positions at a variety of price levels.
A price index of lumber and panels used in actual construction for April 12, 2013
*Western - regional species perimeter foundation; Southern - regional species slab construction.
The SPF lumber market weakened to a point where discounting became more prevalent. Mills in the East openly discounted while those in the West tended to hold closer to quoted levels established in weeks prior.
A price index of lumber and panels used in actual construction for April 5, 2013