Sawmills were firm on most of their asking prices while extending order files into the weeks of July 11th and 18th.
As the double national holiday weekend approached, demand for North American lumber seemed to firm up across the board.”
The upcoming national holidays of Canada Day and Independence Day set the stage for strong sales. Western S-P-F buyers in the United States worked to cover at least their immediate needs if not more.
Primary and secondary suppliers alike were notably busy until around midweek, at which point many customers had covered the essentials and shifted their focus to some relaxing time off.
As players on both sides of the border prepared to enjoy national holiday celebrations, purveyors of Western S-P-F lumber in Canada reported solid demand and takeaway overall.
Sales petered out near the end of the week as everyone took off work early, but business up to Thursday was mighty encouraging.
Solid demand and follow-through were evident in the Eastern S-P-F market as commodity prices settled into an apparent trading range. Determined customers were able to source enough material to plug holes in their inventories, but that required plenty of calling around to both primary and secondary suppliers. By midweek several producers were off the market on a number of items, further reducing the options available to buyers.”
Source: https://madisonsreport.com/