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Market Brief

October 23, 2020 - Hardwood lumber prices were firm to higher last week as demand continued to outpace production. “Business has been improving slowly since July,” said one contact; “Sales have been up every week and every month.” One concentration yard and component manufacturer said incoming lumber volumes were just one-half to two-thirds of what it needs, with receipts especially quiet the last 30 days. “There is already a shortage of supply, our air-dried inventories are low, and production will be down this winter,” worried another yard. “Our business is OK, but inventories are wiped out,” said a sawmill contact; “China better open its eyes.”