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Trading of framing lumber hit a higher gear by midweek, and producers reacted with a firmer stance and higher quotes. Spring weather breaking out across the continent was a major factor.
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A mix of trends in prices of framing lumber emerged across producing regions. Trends varied based on species, product groups, and even volumes sold. Gains were most pronounced in Western S-P-F, with #2&Btr 2x4 standing out; mill prices surged $20-30 for the week
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Trading in framing lumber markets slowed, as did upward momentum in prices. Even so, prices in most species gained modestly and the Random Lengths Framing Lumber Composite Price finished at $512, a new record
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Trading in framing lumber calmed down from its frenetic January pace. However, prices continued to advance in all species. Wintry weather in northern markets and rain in the South cooled consumption.
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Traders discerned a modest pullback in framing lumber purchases, as more customers pushed back against placing new orders at record prices that often came with warnings of late shipments
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Trading in framing lumber was mixed, but overall price trends were weighted to weakness. Green Fir was the primary exception, with demand outstripping supplies and keeping prices on a steady upward track
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Framing lumber prices and sales in the US quietened last week after a period during which traders cited seasonal factors and tight supplies, along with a record run in prices
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A mixture of reports developed in the holiday-shortened workweek. Buyers of Canadian S-P-F pulled back, with traders taking note of the large discount in futures to cash
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The recent surge in demand for framing lumber gave way to a modestly slower sales pace. Even so, many dry framing prices continued to climb, although in smaller increments.
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Sales of framing lumber hit a higher gear in most species in the second half of the week. Traders weighed myriad factors that impacted supply and demand
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Showing signs of life late the prior week, trading in framing lumber gained momentum following Monday’s holiday. Forest fires and logging restrictions in B.C. and the Pacific Northwest tightened supplies, while extended mill order files made it difficult for buyers to cover needs promptly.
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Sales of framing lumber cooled modestly from the previous week, but they were strong enough for producers to maintain upward pressure on prices
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During last week in the US, trading in framing lumber was mixed, but most price trends pointed upward. Activity was strong in Coast and Inland species, while buyers backed off purchases of both Western and Eastern S-P-F.
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The recent lull in framing lumber markets prompted producers to probe more aggressively for orders. Yet they did so selectively, and prices retreated unevenly
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The U.S. holiday was widely cited as a factor for a slow start to sales of framing lumber, but many traders noted a pickup later in the week. Amid strength in the futures market Thursday, wholesalers covered shorts and distributors covered near-term needs.
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Framing lumber markets were mixed, with a firm to strengthening trend in western and Canadian species contrasting with a continued softening in Southern Pine
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Trading in framing lumber was nil, as buyers and sellers first awaited the preliminary determination in the countervailing duty case and then spent the rest of the week discerning its impact.
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Trading in framing lumber failed to break free from its post-countervailing duty standoff, but buyers and sellers made some strides toward getting back to the give and take of normal relations.
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Sales of framing lumber were muted amid a lingering standoff in Canadian S-P-F and a steep pullback in Southern Pine. In the West, most prices held to recent ranges, but soft spots were evident, particularly in wide dimension.
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Buyers of framing lumber re-emerged after weeks on the sidelines. Producers of various species seeking trading levels over the past several weeks finally hit values that drew in reluctant customers. Western S-P-F and Southern Pine mills in particular were aggressive in lowering prices to entice sales, which picked up most noticeably on Wednesday.
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Softwood lumber trading was uneven, and traders’ outlooks uncertain, heading into the holiday weekend in the U.S. Southern Pine mills reported a firmer tone to the market after heavy discounting in previous weeks
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Prices of framing lumber held to a firm to upward path, as more buyers shed expectations for further downside that recently followed the February spike. Many traders reported finishing one of their best first quarters in years, amid a high degree of anxiety that stemmed from the U.S.-Canada trade issue, timber supply constraints, and transportation issues, among others. A number of traders were out of their offices, and the level of activity surprised many traders.
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An active framing lumber market early in the week turned frenetic Thursday as angst over anticipated duties on Canadian exports to the U.S. set off the futures market and sent cash buyers scrambling to cover their needs with mill offerings for April shipments
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Sales of framing lumber at the mill level slowed, as secondaries focused on selling from their own inventories and dealers struggled to absorb recent price hikes
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Trading in framing lumber perked up Wednesday, putting a halt to skidding or drifting prices in most species. Follow-through Thursday was mixed, but generally enough to encourage sellers. The major exception was Southern Pine, as a perception of an imbalance in supply and demand took hold.
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