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To watch the video What’s Driving Down Lumber Prices? | Presented by CME Group that was posted today by the Youtube channel Bloomberg Television, click on the video just above. You will then be able to discover it in streaming for free directly on our site!
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For your information, you can find below the description of the video What’s Driving Down Lumber Prices? | Presented by CME Group published by the Youtube channel Bloomberg Television:
Given that residential construction represents 70% of lumber consumption, June's -4.4% year-on-year slump in US housing starts was most unwelcome news for lumber markets. But a demand slump isn’t the only thing impacting the beleaguered commodity — supply side factors are dragging on lumber as well. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/video-series.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight