Bill's Corner- An Eastern Spruce Perspective

Demand remained steady in the eastern spruce lumber market yesterday. The mix of orders emanated from distributor’s reloads and from the mills. Asking prices were achieved despite pressure from clients to pay less. The tone among traders at the Montreal Wood Convention was reserved, with uncertainty of what the market and prices will do. A common concern with the eastern mills was with their current log supply. Many were unable to build up log decks this past winter, due to high log prices and warm weather. The fear is they will run out and will be forced to adjust their production schedules accordingly.