The average price increased more quickly than ever recorded in the lumber market last week. Moore items were up triple digits than not. Buyers were challenged with keeping up with the fast-moving adjustments. Finding available material from the mills was also problematic, along with justifying buying something that was priced much higher than what it just sold at. Logistics continued to have ongoing issues as delays and dropped loads were commonplace. Clients could only hope that their orders would be delivered in a timely manner but in many cases frustration reigned.
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Wow! How does one keep up with a market-moving that fast?!
@william_giguere With markets moving this fast, has this had any wacky effects on the market. Have you heard about any “backward” trades – suppliers buying inventory back from their customers? or any “sideways” trades – customers selling loads to other customers?
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no i have not- most are in need of what they have and wishing they had more coming at them at yesterday’s prices…I have not seen excess inventory at any level
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