The US's Lumber future had been rally since early June from USD 500+ to
currently nearly USD 900 level. It is projecting to hit USD 1000 level
as the heavy shortage in Lumber due to wildfire and hurricane in US.
In Asia, China one of the major Lumber producers country also suffer a setback due to heavy flood in the country.
As US and China is badly hit by the natural disaster, more lumber will be needed in order to rebuild houses and infrastructure.
Somehow, this will see the spike of Timber's price in the world.
Malaysia's major timber producer Taann, Jtiasa, Subur and WTK will be direct beneficial from the price increase of Lumber.
US Lumber Futures Price (sources from investing.com)
https://klse.i3investor.com/blogs/wwwtexmatcom/2020-08-27-story-h1512571520-US_Lumber_s_Future_hitting_all_time_High_Malaysia_s_Timber_company_in_r.jspIn Asia, China one of the major Lumber producers country also suffer a setback due to heavy flood in the country.
As US and China is badly hit by the natural disaster, more lumber will be needed in order to rebuild houses and infrastructure.
Somehow, this will see the spike of Timber's price in the world.
Malaysia's major timber producer Taann, Jtiasa, Subur and WTK will be direct beneficial from the price increase of Lumber.
US Lumber Futures Price (sources from investing.com)
| Date | Price | Open | High | Low | Vol. | Change % |
| Aug 27, 2020 | 887.3 | 877.45 | 887.65 | 877.45 | 3.38% | |
| Aug 26, 2020 | 858.3 | 847.1 | 858.3 | 844.3 | 0.32K | 3.50% |
| Aug 25, 2020 | 829.3 | 796.3 | 829.3 | 791.3 | 0.84K | 2.34% |
| Aug 24, 2020 | 810.3 | 839.1 | 859.9 | 801.9 | 1.33K | -2.48% |
| Aug 21, 2020 | 830.9 | 819 | 830.9 | 811.5 | 0.76K | 3.62% |
| Aug 20, 2020 | 801.9 | 789.9 | 801.9 | 778 | 0.71K | 2.43% |
| Aug 19, 2020 | 782.9 | 770.6 | 783 | 767 | 0.78K | 3.83% |
| Aug 18, 2020 | 754 | 751 | 754 | 751 | 0.38K | 2.59% |
| Aug 17, 2020 | 735 | 724 | 738.5 | 709.6 | 0.51K | 1.17% |
| Aug 14, 2020 | 726.5 | 734.1 | 748 | 703.2 | 0.85K | 0.21% |
| Aug 13, 2020 | 725 | 710 | 725 | 703 | 0.51K | 2.69% |
| Aug 12, 2020 | 706 | 695 | 710.5 | 691.7 | 0.56K | 3.60% |
| Aug 11, 2020 | 681.5 | 662.5 | 681.5 | 660 | 0.42K | 2.87% |
| Aug 10, 2020 | 662.5 | 650 | 664.9 | 646.3 | 0.25K | 2.24% |
| Aug 07, 2020 | 648 | 649.4 | 659.4 | 630 | 0.73K | 1.00% |
| Aug 06, 2020 | 641.6 | 626.5 | 641.6 | 618.9 | 0.29K | 3.05% |
| Aug 05, 2020 | 622.6 | 612.4 | 624.6 | 603.2 | 0.45K | 1.92% |
| Aug 04, 2020 | 610.9 | 597.7 | 611 | 586.6 | 0.37K | 2.47% |
| Aug 03, 2020 | 596.2 | 595 | 600.8 | 584.1 | 0.28K | 1.78% |
| Jul 31, 2020 | 585.8 | 594.8 | 598.8 | 575.2 | 0.55K | 0.93% |
| Jul 30, 2020 | 580.4 | 588.8 | 589.3 | 567 | 0.45K | -0.79% |
| Jul 29, 2020 | 585 | 574.1 | 585.9 | 569 | 0.26K | 3.19% |
| Jul 28, 2020 | 566.9 | 568 | 579.2 | 561.9 | 0.35K | -0.18% |
| Jul 27, 2020 | 567.9 | 555.1 | 570.4 | 555.1 | 0.44K | 4.89% |
