Vince Bulic’s Weekly Lumber Market Wrap: For the week ending January 12, 2018

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: It was an explosive week in lumber across all North American species with the Random Length Composite price index posting an $11 weekly increase to $455. The market was firing on all cylinders as the first full week of the year had many buyers scrambling to cover upcoming needs and fill holes at cringe inducing prices. Mill order files are now stretched into February and availability of most items even at that time is limited. For example, one major mill reported 2×4 SPF sales at $496 for the week of Feb. 12th and will probably shoot for $500 with any new offerings early next week. On top of that shippers struggled with rail car and truck supply.

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