In contrast to the sharp plummets of recent weeks, most North American construction framing dimension softwood lumber prices either remained steady or dropped by smaller increments last week as distributors had decent demand from end-users. Supply remained limited to tight, and sawmills held firm on price lists from the previous week as their order files grew out to almost two weeks.
Prolific reductions in sawmill operations across the North American continent had the effect of stabilizing the lumber market further.