SPF lumber trading was sluggish, leading to lower prices. Lumber futures continued to push lower, and word of a significant overseas sale could not prod buyers off the sidelines.
A price index of lumber and panels used in actual construction for May 10, 2013
SPF lumber prices continued to drop, in many instances by double digits, as producers across Canada tried to find price levels that would draw more interest from buyers.
A price index of lumber and panels used in actual construction for April 26, 2013
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
Trading in the SPF lumber market was lackluster until Thursday. That is when futures made an up-limit move, sending buyers into the market to either purchase or determine where the market was going.
A price index of lumber and panels used in actual construction for March 29, 2013
