Framing lumber trading hit its fastest stride in more than two months, and the market finished the week with a firm tone. Wildfires in Western Canada and the West were a catalyst sparking sales, firming mill quotes, and lifting futures prices in last week.
Structural panel prices posted moderate gains amid slower trading. Prices of OSB continued to trend higher in most regions, although the pace of sales moderated. Western Canada was among the most active regions. Southern Pine plywood prices pushed higher throughout the week amid steady sales. Buyers covered their most pressing needs last week at a more frenetic pace, but many returned this week to bolster inventories. In western Fir plywood, a sales turnaround evident last week carried through.