Bill's Corner- An Eastern Spruce Perspective

The lumber market came alive last week as a bottoming of prices got buyers back into a buying mode. A need to replenish low inventories also sparked the weeklong hectic activity. The volume of orders increased every day, with Friday being the best day of the week. Selling philosophies changed during the week. Distributors went from selling what they could to protecting what they had left. Wholesalers went from aggressively taking orders to covering what they had taken. The eastern mills went from selling at heavy discounts to bumping up prices and selling more.