Demand continued to outpace supply in the eastern spruce lumber market yesterday, making it difficult for buyers to source all the needs seen. Hesitation from dealers to commit also set in as the result of higher asking prices, throttling back transactions on the day. Many eastern mill shipments did push out to mid-July with the additional sales they had, bumping up against their 2-3 week summer shutdowns that begin in earnest the week of July 24th. Not all the eastern mills close, but enough do that less supply from them is a given. Even well stocked distributors are seeing less inventory on some key items.
7 Likes