Prices rebounded in the lumber market last week after several weeks of declines. The volume of orders surged throughout the week enabling the eastern mills to raise prices and extend their shipping files well into the month. Steady takeaway had retailers striving to replenish already lean inventories. Distributors, faced with growing voids also opted in, despite extended delivery times to get material. Spiking diesel costs along with other sour economic news fueled the fires of uncertainty, keeping buyer confidence in check, and the potential of buying even more.
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