{"id":81515,"date":"2021-11-23T11:48:45","date_gmt":"2021-11-23T11:48:45","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/lumber-prices-jump-storm-blocks-bcs-roads-rail\/"},"modified":"2025-09-19T08:56:32","modified_gmt":"2025-09-19T08:56:32","slug":"lumber-prices-jump-storm-blocks-bcs-roads-rail","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/lumber-prices-jump-storm-blocks-bcs-roads-rail\/","title":{"rendered":"Lumber prices jump as storm blocks BC’s roads and rail"},"content":{"rendered":"
\n

Washed out roads and blocked rail tracks in Canada\u2019s westernmost province are fueling a lumber price rally as key supplies risk being stuck just as home builders start piling up materials. Lumber futures in Chicago jumped 6.3% to $757 per 1,000 board feet on Thursday, the highest since Oct. 25, after a once-in-a-century storm forced British Columbia to declare a state of emergency.<\/p>\n

The extreme deluge washed away and blocked parts of the province\u2019s main highways, closed the tracks of Canada\u2019s two major railways, flooded many areas and forced evacuations. This has left Canada\u2019s largest port in Vancouver largely stranded without access to trucks and rail cars to move goods such as grain and lumber in and out of the region. Roughly 14% of North America\u2019s lumber is produced in British Columbia.<\/p>\n

Vancouver is cut off by road, rail after \u2018extraordinary\u2019 storms<\/strong><\/p>\n

\u201cThe mills are feeding into this and using it to firm up pricing, catching traders and forcing them to chase prices higher,\u201d said Greg Kuta, chief executive officer of Westline Capital Strategies, which specializes in lumber-trading strategies.<\/p>\n

It\u2019s the second time in less than five months that rail tracks in British Columbia, a major gateway to Asian markets, have been damaged by extreme weather. Wildfires and a record heat wave choked the region in the summer.<\/p>\n

The threat of reduced supplies comes at a time of year when lumber prices typically start to rise again, as builders start to accumulate the materials they will need in the peak spring season.<\/p>\n

\u201cThe market started the week strong, but now the rail issue has turned it into a frenzy,\u201d said Brian Leonard, an analyst with RCM Alternatives in Chicago.<\/p>\n

On Thursday last week, the B.C. government closed all forest service roads in a region around Chilliwack, which is roughly 190 km (118 miles) east of Vancouver. Meanwhile, crews are working to clear highways after mud slides made them impassable, and railways repaired track damage. B.C. lumber companies may have the option to transport supplies east through neighboring Alberta, depending on their location.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Washed out roads and blocked rail tracks in Canada\u2019s westernmost province are fueling a lumber price rally as key supplies risk being stuck just as home builders start piling up materials. Lumber futures in Chicago jumped 6.3% to $757 per … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715,4714],"tags":[4018,3945,4107],"class_list":["post-81515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-bc","tag-lumber-prices","tag-storm","topic-forestry","topic-industry-prices","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"\nLumber prices jump as storm blocks BC's roads and rail - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/lumber-prices-jump-storm-blocks-bcs-roads-rail\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lumber prices jump as storm blocks BC's roads and rail - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Washed out roads and blocked rail tracks in Canada\u2019s westernmost province are fueling a lumber price rally as key supplies risk being stuck just as home builders start piling up materials. 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