U.S. Hikes Duties On Canadian Softwood Lumber To 14.54%
The United States has significantly increased duties on Canadian softwood lumber imports, escalating a long-standing trade dispute between the two
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Lumber
Lumber Demand Remains Sluggish, Prices Show Mixed Trends
North American lumber demand continues to underperform, falling short of typical seasonal expectations. The panel sales sector has been particularly
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Canfor To Close Facilities, Reduce Investment Amid Lumber Market Weakness
Weakness in the lumber market has led Canfor Corp (TSX: CFP) to cut back on planned investment in the industry,
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Lumber Prices Plummet Amidst Weakening Demand
Lumber prices have plummeted to around $500 per thousand board feet, marking a stark departure from the soaring prices witnessed
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Tighter Lumber In 2023: Canfor Announces 750 Million Board Feet Reduction
Chicago lumber futures rose above the $450 per thousand feet mark, approaching its highest level since October 2022, boosted by
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Lumber In Slumber: More Sawmills To Close As Prices Poised To Hit 5-Year Low
Chicago lumber futures hit a two-year low of below $350 per thousand board feet, erasing the solid gains traders made
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Canfor To Reduce Lumber Production At BC, Alberta Facilities
Instability in the lumber market is leading to production shutdowns in Canada. Canfor Corporation (TSX: CFP) last night announced that
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CME Group To Change Lumber Futures: Smaller Contract, More Species
CME Group is set to launch a new lumber futures contract on August 8. The new derivative is said to
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Lumber Prices Retreat to Nine-Month Low as Sawmills Catch Up to Demand
Lumber prices have fallen to the lowest in over nine months, as demand from homebuilders stabilizes and sawmills boost production
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US Lumber Prices Post Largest Weekly Decline as Buyers Retreat
It appears that the price of lumber may have already surpassed its peak, after last week’s record losses extended into
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