Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 20, 2013 15:18:28

Construction timber fell from nearly eight-year highs

ColosseumThe biggest drop in prices in the last two weeks saw in yesterday's trading session on the Stock Exchange Chicago Mercantile Exchange the most active futures contract for lumber. It was a reaction to an unexpected drop in confidence builders February to 46 points from January 47, which was the highest level since April 2006. These may signal a slowdown in demand for building materials. Analysts polled by Bloomberg expect the contrary, increased confidence for 48 points. Over the last 12 months in relation to the indications of strengthening the construction sector in the U.S. has increased the price of timber has about 42%. Futures on the timber with the May delivery date weakened during yesterday's trading session on the exchange CME by 2.5% to the closing price of $ 389.70 per thousand feet of floor.The continued weakening of the futures contract also mentioned in today's session, the time being about $ 9.80 na380 dollars.

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