Over the past few weeks, we’ve seen some encouraging signs in the market. Prices have firmed up across the board, rising slightly, with potential for more increases on the horizon. It’s not a runaway, but the combination of just-in-time buying and steady demand has given the market a boost. This past month’s stretch—while not groundbreaking—has been our best since last spring. After a slow summer, we’ll take it.
Still, buyers are cautious, keeping purchases tight and timing orders as close as possible. In the past week, mills have managed to build modest order files, with Canadian, U.S. Western, and Southern Pine plywood all on solid footing. Average order files extend through the week of October 28, with some already reaching into November.
It’s no secret that plywood demand often rises in the fall as builders push to complete projects before the weather changes. The fact that many buyers remain indifferent about the recent market activity might be what fuels healthier conditions leading up to the new year.
That said, uncertainty is swirling—most notably with the upcoming general election, just a couple of weeks away. It’s going to be an eventful ride, no matter the outcome. There are plenty of variables at play, including the potential for a dockworkers strike, which could disrupt supply chains and impact imports, including lumber and panel products. So while things are looking better, there’s plenty to keep an eye on.
For now, though, the market tone seems more positive. It will be interesting to see how it unfolds in the coming months. Buckle up.
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