Monday, 28 October 2013

Lumber's up. Thank you China.

You've noticed the price of lumber has gone up and is staying up as we head into fall?
Ian Leask.
In June, July and August, China amped it up and bought 300 to 400 million board feet per month and took it across the Pacific.  That the same as 200 Super B Trains per day.   Buyers who waited hoping prices would fall, are scrambling to put lumber back in their yards.   This is gleaned from a phone call today with Ian Leask of Lignum.

For reference: The North American market in 2005 was about 75 billion board feet of all types of wood but when the unsold cushion is gone, prices jump.

That's one.
That's two.

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