October 20, 2023: Is the Market Finding a New Bottom?
Justin Binning, Ken Timmins, and Jeff Hoggard with American International Forest Products (AIFP) provide a snapshot of the current lumber market. The market appears to be finding a new bottom, though activity remains steady throughout the U.S. These low levels are prompting mills to contemplate further curtailments to reduce costs and supply, particularly as the midterm outlook on demand looks to soften further. Justin has been with AIFP since 2010 with a focus in Southern Yellow Pine, Ken has been with AIFP since 2017, specializing in Fir species and Jeff has been with AIFP since 2012 and specializes in fir species and import European. All three specialize in high grade lumber for the component manufacturing industry.