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September 2024 Lumber Market Equilibrium:  Reality or Myth

September 2024 Lumber Market Equilibrium: Reality or Myth

As fall begins, the lumber market faces challenges from extreme weather, like Hurricane Helene, and policy shifts in Washington. Tariffs and environmental regulations add to the uncertainty, impacting pricing and supply. Trio Forest Products Inc. is closely monitoring these changes and remains committed to maintaining strong inventory and competitive prices. We value your continued partnership

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The Lumber Market Today from Trio Forest Products Inc.

The Lumber Market Today from Trio Forest Products Inc.

Impact of Canadian Rail Strikes on the Lumber Industry

As Labor Day approaches, it’s timely to reflect on the Canadian rail strikes and their impact on our industry. These disruptions have highlighted the essential role of labor in maintaining our supply chains. Despite the strikes, the lumber market has remained unexpectedly stable, but the ongoing delays at key shipping ports and adjustments by companies like Mercer International are causing concerns. The longer these strikes continue, the greater the potential for supply shortages and price increases, especially for products like OSB, SPF Dimension, MSR, and KDDF.

Stay informed and consider these factors in your purchasing decisions. Reach out to us for the latest market conditions.

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August Lumber Market Price Commentary

ACF Type: wysiwyg

Unlike other industries, the current lumber market offers some stability and our team finds this truly fascinating. 

Here’s what continues to be true:

Prices can go up, down or stay the same.

The last several years we have experienced unprecedented lumber market volatility.  2023 has brought more stability to lumber market prices as evidenced in the graphs attached. .

With all of the uncertainty in the economy, one would potentially predict extreme buyer caution and low demand to bring prices to rock bottom. Prices have adjusted but they are certainly not rock bottom and demand continues to be better than expected in both the residential and commercial sectors.

We are experiencing a conflicted lumber market that has chosen stability vs. volatility to maneuver in uncharted territory. The uncertainty is keeping mill orders to a minimum because end users are buying only what they need. Current demand does not seem to be higher than supply. Expect some mills to attempt to influence the market with curtailments and closures soon.

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    Builder confidence holds steady in residential and commercial based on housing need.