The Current Lumber Market Is Underbought: January 2023

The Current Lumber Market Is Under Bought

With current announcements regarding permanent mill closures and curtailments, the market could be set up for a Rocket Boost. Most Buyers were keeping inventories light to allow for the digestion of shifting economic conditions.  Need stills exists and there are plenty of projects in the pipeline. We anticipate a boost in the market prices based on the recently published news releases of Canfor and Sinclair.

Note: These are just two of the mills making adjustments, but there are several others we have received notices from as well.