Bill's Corner- An Eastern Spruce Perspective

It was back to a grind it out day for traders in the eastern spruce lumber market yesterday. The bulk of the sales were inventory driven as distributors leveraged quick deliveries to garner orders. The eastern mills had some accumulations they were interested in moving but little that stirred interest in the marketplace unless it was heavily discounted. They predominantly could deliver by month’s end which hampered sales. Dealers, in the market to buy, wanted material sooner. The buying philosophy has not changed. The focus is to keep inventories lean and manageable despite low prices.