GREY:ANSBF - Post by User
Comment by
KevinKTon Jun 15, 2013 8:05pm
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Post# 21529430
RE: lumber prices
RE: lumber priceshttps://futures.tradingcharts.com/chart/LU/14?anticache=1371340726
https://stockcharts.com/h-sc/ui?s=$LUMBER&p=D&yr=2&mn=0&dy=0&id=p04029347270&listNum=41&a=306207149
Lumber price went up parabolically since last October, and has corrected down.
Spoke to a friend in building materials, he said some plywood prices has become lower than OSB, which he cannot understand, as plywood is more valuable and suitable for more applications. He is advising the builders to buy plywood instead of OSB.
China has withdrawn from the lumber market, causing the lumber prices to revert back to normal. Lumber triend to recover last week but the recovery has failed.