Steady demand last week in the eastern spruce lumber market translated into a healthy dose of orders. Many traders had a substantive week. Their consistent and relentless efforts paid dividends in a lackluster atmosphere. Stronger supply though led to lower prices while higher mortgage rates added negativity to an already subdued market. Dealers and manufacturers also echoed seeing a slowness of activity, but at the same time admitted to having solid business ahead. Mill production was constant despite rumors of curtailments, although they struggled to find ways to be profitable.
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