Prices of #2&Btr in the SPF market were firm, with any adjustments generally ticking moderately higher.
Secondaries and SPF producers noted that sales activity was somewhat slower than in prior weeks, but a “good” pace maintained firm to higher pricing.
Strong order files at SPF mills limited availability for buyers needing coverage, effectively pressing prices higher.
A new Southern States store is coming to Rock Hill, South Carolina. It will open its doors for a grand opening celebration July 17.
Canadian mills continued to sell good volumes of SPF, helping maintain strong lead times and pushing prices higher.
Momentum generated the prior week carried over after the long holiday weekend, pushing SPF mill order files out and prices higher.
The SPF market gathered more momentum after a pickup in sales activity the week prior, leading to higher prices in both the West and East.
Sales activity improved in the SPF market, generating firmer pricing in both the West and East.
Traders exhibited considerable confusion with regard to the amount of weakness in the SPF market.
SPF lumber sold at a decent pace, allowing mills in the West to maintain most price levels.
Trading in the SPF market improved over the previous week but not enough to mend the price situation significantly.
Some SPF producers reported improved activity over last week and sales keeping up with the week’s production, but it did not stop prices from falling significantly.
SPF mills with thin order files tried to sell what was needed without lowering prices too dramatically.
Traders questioned the strength behind the rally last week and, as it turns out, were correct in their perception that the SPF market did not gather much momentum.
Trading in the SPF market was more active. The increase in demand enabled mills to get rid of floor stocks and firm quotes or establish an order file and bump prices moderately higher.
Gains in the May futures contract propelled some buyers back into the SPF lumber market.
Much of the SPF lumber market reverted to its old ways after a brief uptick in demand late last week. Sales out of mills in the East and West were sluggish and prices again softened.
As the urgency to sell increased in the SPF lumber market, prices grew weaker. A few producers reported taking additional orders from China.
Limited trading activity in the SPF market placed more downward pressure on prices, especially at eastern Canadian mills.
Trading activity was light in the SPF lumber market. Recent weather played a significant role in the downturn in activity, as did the fact that many buyers already purchased near-term needs over the past few weeks.
Buyers again entered the SPF lumber market to purchase significant volumes after demand the week prior brought several falling prices to a halt.
Mills lowered SPF lumber prices to levels where customers were more comfortable. As a result, trading activity improved.
Southern Pine lumber producers exhibited more urgency to sell, which placed greater downward pressure on #1 and #2 prices.
Lackluster sales activity and minor movement in most pricing gave SPF lumber traders time to sort out what move the market might make next.
A price index of lumber and panels used in actual construction for Dec. 19, 2014