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LATEST POSTS

The Lumber Market Today from Trio Forest Products Inc.

The Lumber Market Today from Trio Forest Products Inc.

Aug 26, 2024

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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The Lumber Market Today

The Lumber Market Today

Jun 28, 2024

The mills’ efforts to spark market movement through closures have failed, and the market remains stable this month. For softwood lumber companies, understanding the current state and future projections of the lumber market in 2024 is crucial. This post explores key aspects such as price trends, supply chain issues, and demand dynamics. Despite attempts to influence the market, stability prevails, making it essential to stay informed about the latest developments and projections in the softwood lumber industry.

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Trio’s Phones are Lighting Up with Strong First Quarter Inquiries

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Recent developments have brought about noteworthy changes across various segments.

OSB: A Rollercoaster of Prices

Oriented Strand Board (OSB) recently experienced a significant downturn, prompting a swift sell-off for those with wood in their inventories. However, the market appears to have stabilized, witnessing a noteworthy $10/M surge within a single week. This unexpected turnaround has led some distributors to quote prices that are strikingly $100/M over the printed rates, signaling a rapid and robust recovery in the OSB market.

Structural Panel: Steadfast Resilience

Amidst market fluctuations, structural panel prices have shown remarkable resilience by maintaining a consistent flat trajectory. This stability suggests a sustained demand for these materials, positioning structural panels as a reliable choice amidst the broader volatility in the lumber market.

Framing Lumber: A Picture of Stability

Framing lumber, true to its name, is exhibiting unwavering stability, staying as flat as a board. This consistent performance provides a sense of dependability within this segment, offering reassurance to stakeholders amid the dynamic movements observed in other areas of the lumber market.

Low Grade: Returning to the Norm

Low-grade lumber, after a period of fluctuation, is now returning to its historic norm, characterized by minimal movement. This newfound steadiness adds a layer of predictability to this segment, potentially offering stability to those engaged in the low-grade lumber market.

First Quarter 2024 Outlook: Optimism Prevails

Looking ahead to the first quarter of 2024, the lumber market shows promise with quotes and orders steadily streaming in. The heightened level of activity is keeping industry phones busy, reflecting an optimistic outlook and potentially indicating robust demand as the new year unfolds.

As we navigate these trends, stay tuned for continued updates on the dynamic shifts shaping the lumber market’s landscape.