Shepformation Lumber Market Report

June22

July 2017 – Lumber Update

By Paul Rogers, With what can be described as a general malaise, the lumber market had plodded along for weeks with no clear direction of what to anticipate for activity. Although prices retreated somewhat from the high levels they hit leading up to the U.S. Commerce’s countervailing duties announcement on April 23rd (levied against Canadian Read More

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May22

June 2017 – Lumber Update

By Paul Rogers, On April 24th, the U. S. Department of Commerce announced the long-awaited countervailing duty (CVD) to be levied against Canadian lumber producers. The hype beforehand had it estimated to be in excess of 30%, so there was a little relief when the final announcement was set at 19.88%. However, the announcement set Read More

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April20

May 2017 – Lumber Update

By Paul Rogers, The market spiked in mid-April, as the approaching deadlines of the Softwood Lumber Agreement countervailing and anti-dumping duties caused several mills to flinch, by either pulling off the market or raising their prices in order to protect themselves against the fees. While mills strategized their price levels, buyers were mostly unwilling to Read More

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March20

April 2017 – Lumber Update

By Paul Rogers, The month of March brought a correction of sorts to February’s rally, as prices initially flattened for several weeks and then began slowly eroding as buyers chose to stay on the sidelines, working off their inventories. Regionally, sales had been lackluster against what had been anticipated and, with ample supply at all Read More

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February23

March 2017 – Lumber Update

By Paul Rogers, February, normally an uneventful month for the lumber market, proved to be one that was fraught with volatility as several developing factors kicked buyers in to high gear. Most notably, the proposed countervailing duties (CVD) to be imposed by the U. S. Department of Commerce against Canadian lumber suppliers for dumping was Read More

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Shepformation... The Shepley Newletter

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