Lumber rebounds to $600 as supply tightens ahead of spring

Lumber futures climbed to $600 per thousand board feet, recovering from a near four-week low of $585.5 on February 6, as tightening supply conditions met improving seasonal demand. The market’s already thin supply cushion narrowed further just as pre-spring restocking began and early signs of firmer construction activity lifted near-term orders. With limited slack in the system, even modest buying flows were enough to amplify price movements. On the supply side, North American output remains constrained. Mill curtailments and permanent closures have reduced available production capacity, while fibre shortages in parts of British ...