Weissford, the world’s largest lumber company, finally announced a 30% reduction in production in BC, Canada. The prices of most secondary lumber varieties have risen by about 6% this week after rebounding last week, and the third and economic grades have basically remained higher. Weekly price. In view of the fact that major factories have announced plans to reduce production, many people in the industry believe that the market has bottomed out and will gradually rise in the future.
At the same time, as market confidence is being restored, the September and November futures contract prices of SPF on the Chicago Board of Trade are $100-$200 higher than the spot price respectively!
