The lumber market was quiet last Friday, ahead of the Passover and Easter Holidays. The overall sales pace for the week was off also, although the eastern spruce mills did see a fair amount of activity on Thursday. Prices continued their downward trend throughout the week with some items more vulnerable than others. Uncertainty as to how much more prices will fall kept buyers at bay. Clients kept their inventories lean, buying only the essentials needed, depending mostly on the reloads for quick material. Several eastern Canadian mills are off today enjoying an extended holiday weekend.
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Is the transportation shortage still pulling unwilling buyers into the market?
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I would say it is not as it was doing before. Transportation for the eastern mills is becoming less and less of a problem, at the moment, mainly because they have fewer and fewer orders to ship.
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