Bill's Corner- An Eastern Spruce Perspective

There was solid business transacted in the eastern spruce lumber market yesterday. It was not overwhelming but enough to keep traders on their toes and orders flowing. Transactions were a mix of what the mills had available and what distributors were pushing. The higher prices seen earlier in the week began to take hold, although they did continue to cause some hesitation to buy. There was also a growing realization that more supply was not in the offing and if anything, it could get even tighter. The open days to deliver material this month for several eastern Canadian mills is quickly closing, turning the spotlight more on the reloads to supplying needs.