Freres May 2017 market report: Softwood Lumber Agreement affects markets

Lumber and panel markets have been in disarray over the last couple of months due to negotiations surrounding the Softwood Lumber Agreement. At the beginning of February, the Framing Lumber Composite Price, a Random Lengths pricing model incorporating a broad range of products, jumped $37 while the Structural Composite Panel Price increased $24. These were both the largest increases in price composites since February 2010. On April 25th the US Department of Commerce announced a preliminary counter-vailing duty (CVD) on Canadian lumber imports, which will average about 20%.

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