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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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The Lumber Market Today

The Lumber Market Today

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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The Current Lumber Market Is Underbought: January 2023

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The Current Lumber Market Is Under Bought

With current announcements regarding permanent mill closures and curtailments, the market could be set up for a Rocket Boost. Most Buyers were keeping inventories light to allow for the digestion of shifting economic conditions.  Need stills exists and there are plenty of projects in the pipeline. We anticipate a boost in the market prices based on the recently published news releases of Canfor and Sinclair.

Note: These are just two of the mills making adjustments, but there are several others we have received notices from as well.