Prices in the eastern spruce lumber market paused last week as outside economic news impacted buyer’s mindset and slowed purchases. Activity and demand were steady. The mills had ample product to sell but fell short of selling production levels, adding pressure on prices by week’s end. There was continued frustration and angst with ongoing logistical delays and problems. The cost of diesel fuel jumped to all-time highs, further compounding the situation for all concerns. The mills kept a conservative approach as to when products could be delivered.
8 Likes
@william_giguere Are mills producing at capacity? (or as much as they can given employee shortages)
6 Likes