It was a grind it out day in the eastern spruce lumber market yesterday. The mills pushed the items they could sell while traders prodded their clients to buy, both having varied successes. The orders achieved were hard fought with competition fierce. It seemed someone else was always cheaper on the next phone call. Clients felt that there was no let up on prices and to where they could go. There was much apathy and a general malaise that overshadowed the market. The mills resisted the steep counters that were presented hoping tomorrow would yield better results.
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Nice job William
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In this week’s Pakira Poll on LinkedIn, we see 74% of the industry thinks Mill’s have the highest inventory levels. Looking forward to tomorrow’s report… will be interesting to see how long the mills can resist…
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The mills have and are taking steps to limiting their production in the face of shrinking demand. the effects will be seen when clients start hearing no I cannot more often then yes I will from sellers.
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