Strong demand by many entities in the lumber market last week enabled sawmills to raise prices throughout the week on many items. The increased activity and resulting orders also bolstered mill order files. Shipments for eastern U.S. mills were pushed out to the end of this month and to mid-August for their Canadian counterparts. Several eastern Canadian mills begin their annual summer shutdowns this Friday with varying degrees of production shutdowns and shipments. Although prices are up from the recent lows, they are well below the highs seen earlier this year.
10 Likes
Thank you @william_giguere as always!
Do the annual shutdowns of mills in the summer (such as the eastern Canadian mills) contribute to price increases for the duration of the shutdown and the order lead time? Meaning do prices naturally go up during such shutdowns every summer for the duration?
9 Likes