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Hi Jim,
Unfortunately, it's a bit like gasoline (fast to raise prices, but slow to
lower them). From my experience, the lumberyard raises prices when they
see their ordering costs increase (like the gas station raising prices
between refills, not just when they get a new tanker). I was a derivatives
trader and my old colleagues are calling this a crazy increase in lumber
prices that they do not expect to stay this way through the winter. I
would watch the price and then call around as you see it coming down. You
can watch the lumber prices here: (look at the front contract (Sep now).
https://www.cmegroup.com/trading/agricultural/lumber-and-pulp/random-length-lumber.html
Best,
Ian
On Wed, Sep 9, 2020 at 2:47 PM Jim Franklin <jamesf@groupwbench.org> wrote:
> Treated decking lumber has gone up another 50% in the past few weeks. Does
> retail pricing follow the cost of the inventory when it was purchased, or
> is it based on the cost of inventory if it were purchased today? If I wait
> until January when (theoretically) fewer people are building decks and teh
> wholesale price (theoretically) comes down, will my cost be based on the
> January wholesale price, or on the September wholesale price?
>
> I have been priced out of finishing my deck so I'm spending my time
> thinking instead of building.
>
> jim
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<div dir=3D"ltr">Hi Jim,<div><br></div><div>Unfortunately, it's a bit l=
ike gasoline (fast to raise prices, but slow to lower them).=C2=A0 From my =
experience, the lumberyard raises prices when they see their ordering costs=
increase (like the gas station raising prices between refills, not just wh=
en they get a new tanker).=C2=A0 I was a derivatives trader and my old coll=
eagues are calling this a crazy increase in lumber prices that they do not =
expect to stay this way through the winter.=C2=A0 I would watch the price a=
nd then call around as you see it coming down.=C2=A0 You can watch the lumb=
er prices here: (look at the front contract (Sep now).=C2=A0=C2=A0</div><di=
v><a href=3D"https://www.cmegroup.com/trading/agricultural/lumber-and-pulp/=
random-length-lumber.html">https://www.cmegroup.com/trading/agricultural/lu=
mber-and-pulp/random-length-lumber.html</a>=C2=A0=C2=A0<br></div><div><br><=
/div><div>Best,</div><div>Ian</div></div><br><div class=3D"gmail_quote"><di=
v dir=3D"ltr" class=3D"gmail_attr">On Wed, Sep 9, 2020 at 2:47 PM Jim Frank=
lin <<a href=3D"mailto:jamesf@groupwbench.org";>jamesf@groupwbench.org</a=
>> wrote:<br></div><blockquote class=3D"gmail_quote" style=3D"margin:0px=
0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Tre=
ated decking lumber has gone up another 50% in the past few weeks. Does ret=
ail pricing follow the cost of the inventory when it was purchased, or is i=
t based on the cost of inventory if it were purchased today? If I wait unti=
l January when (theoretically) fewer people are building decks and teh whol=
esale price (theoretically) comes down, will my cost be based on the Januar=
y wholesale price, or on the September wholesale price? <br>
<br>
I have been priced out of finishing my deck so I'm spending my time thi=
nking instead of building. <br>
<br>
jim<br>
_______________________________________________<br>
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Archive: <a href=3D"http://www.team.net/pipermail/shop-talk"; rel=3D"norefer=
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alk/shop-talk2@mcfetridge.org" rel=3D"noreferrer" target=3D"_blank">http://=
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<br>
</blockquote></div>
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