Posted on Feb 26, 2019 2021 at 6:03Updated Feb 26, 2019 2021 at 7:10
New historic outbreak for wood. On the Chicago futures markets, the 1,000 board feet, the equivalent of about 2.36 m3, hit $ 1,021.80 last Monday, the highest level ever recorded by this commodity. Lumber prices have almost tripled since the start of the health crisis, putting the entire construction sector across the Atlantic under pressure.
Among the explanations, we can first cite the price increase applied by some companies who wanted to compensate for the loss of turnover due to administrative closures, but also a general increase in raw materials with fears of a return of the inflation. “ Finally, and this is the main reason, supply and demand are completely out of sync », Analyzes John Plassard at Mirabaud.
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