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North American Softwood Lumber Prices Pop During Usual Seasonal Slowdown

from Lesprom, July 8, 2020

North American Softwood Lumber Prices Pop During Usual Seasonal Slowdown Lesprom, July 8, 2020 At this time of year, it is usual for softwood lumber prices to be lowering, as end-users would be stocked-up on inventory needs for ongoing building projects, and sawmills would be slowing down as normal seasonal closures and curtailments come into effect, according to Madison's Lumber Reporter. However, this year — having largely stopped production during spring as industry responded to COVID-19 infections — softwood lumber producers across North America are still operating at relatively high capacity levels. Inventories in the field remain sketchy to weak and lumber manufacturers continue running at higher-than-normal production levels for the time of year, to try to feed buyer hunger. READ MORE

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