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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
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.
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.
As we explore the ever changing terrain of the lumber industry, it’s crucial to recognize its inherent commodity-based nature.
While we’ve savored a period of price stability, the winds of change are blowing. February brought a surge in housing numbers, prompting mills to adjust their conservative supply, setting the stage for the shifts we’re witnessing today in the OSB market.
With mills booked well into May and beyond, buyers are facing challenges in securing enough material for upcoming projects. Some mills offering open market availability are demanding prices over $100/m higher than current rates. $100/m equates to $3.20 per sheet.
The plywood market is strengthening and prices are on the rise.
Spring Demand: Increasing demand driven by spring season is contributing to the uptick in prices.
Order File Extensions: Producers are extending order files, with some reaching as far as mid April.
Price Trends: While Random Lengths reports flat prices or slight increases, overall market changes reflect a significant shift of $40 to $60 since early March.
For now, make sure your near-term needs are covered, consider adding a little more to your inventory levels and keep an eye on your plywood costs as compared to OSB.
We anticipate the market will continue to increase as we move forward into Spring.
OSB rapid price surges amidst serious supply constraints and growing demand. Buyers scrambling to cover upcoming jobs will likely find themselves falling short of their needs due to both limited resources and escalating costs.
In the world of lumber, the OSB sector has been booming, but it seems like the dimensional lumber market may have hit a plateau. Our forecast suggests that there’s a need for the dimensional market to absorb some inventory, which will enhance purchasing convenience and availability.
Once this inventory digestion process is complete, prepare yourselves for a slight uptick in prices.
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In the applications for which they are manufactured, the two products are basically interchangeable. Although different in the way they are made and appear, plywood and OSB are manufactured according to the same performance standard criteria.