Lumber prices in the US continue to drop
US traders noted a change in the tone of the framing lumber market, and even a sense that prices had found or were nearing a bottom. However, that sentiment was stronger in the first half of the week than the latter. A few mill curtailments announced in the West and a picket line set up at a mill site in British Columbia caused traders to stir. However, the B.C. mill picket turned out to be a one-day affair, no further production curtailments were announced, and Wednesday’s U.S. housing report threw ...
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