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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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First Quarter 2024 Lumber Industry Update

First Quarter 2024 Lumber Industry Update (Part 2)

Lumber prices volatile? Get the latest Q1 2024 lumber market update. This excerpt analyzes housing starts, mortgage rates, and key building material trends that drive the behavior of the lumber market and affects your lumber purchases.

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September 2024 Lumber Market Equilibrium: Reality or Myth

ACF Type: wysiwyg

Weather, Washington and Wildfires

As we head into the fall season, the lumber market continues to experience fluctuations driven by a mix of supply chain challenges, extreme weather conditions, and evolving policies out of Washington.

Hurricanes

Extreme hurricane storms are hitting the East Coast right now, partnered with some windy word conditions in Washington. This makes today’s lumber market a little ‘Harri’ to maneuver and ‘Trumps’ some initial expectations for the Fourth Quarter.

Tariffs

Meanwhile, federal discussions on tariffs and environmental regulations in Washington are adding further uncertainty to the market. This has impacted both pricing and availability.

 

The mills have implemented multiple curtailments to reduce inventory

in an effort to raise prices, but have seen little success.

The graphs below reflect the current market equilibrium. 

Source: Random Lengths, used here with permission granted by the publisher.

At Trio Forest Products Inc., we are closely monitoring these developments and remain committed to keeping our inventory strong and prices competitive. Your continued trust in our ability to deliver is greatly appreciated.

Thank you for your partnership and support!