Vince Bulic’s Weekly Lumber Market Wrap: For the week ending September 15, 2017

Vince Bulic is the President of Yaletown Lumber Industries Ltd – a Vancouver based wholesale lumber company specializing in commodity Western SPF products. Vince has 20 years of experience trading Western SPF lumber and enjoys the dynamic nature of the market and analyzing the different factors that influence trading activity. The Weekly Market Wrap is compiled to provide a quick overview of the North American lumber market (both cash and futures) from a Canadian and Western SPF perspective along with a discussion of the markets future potential direction.

Cash: The cash market experienced another solid week as mill order files stretched out into mid October in most of the key items. Buyers continued to buy cautiously according to needs, but were forced to scramble to find coverage on items that could deliver in time and keep low inventories limping along. The longer term supply/demand implications from recent hurricane damage and log shortages in B.C. gave sellers a good talking point. In SPF the narrows (2×4 and 2×6) showed more strength the the wides. The Framing Lumber Composite jumped $11 to $421.

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