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October 30, 2018

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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