How do you explain lumber mills hitting maximum storage capacities in their yards then?
How do you explain the price of raw materials not rising proportionally with the cost of lumber?
How do you explain the price of steel going up but not the price per ton for scrap steel?
You are correct with your posits. Now take it a step further to how markets work. Plenty of supply so who drives the price on a market? Buyers (doesn't have to be real ones who take delivery). How do you create higher prices? More money driving the prices up (Wall Street and the money printers working in tandem). Same principle on how the market went up during Obama's great recession. Market manipulation. See the importance of controlling money supply?
Market fuckery. Price gouging to destroy economy while profiteering.
How do you explain lumber mills hitting maximum storage capacities in their yards then?
The same transport crisis mentioned in the OP.
It's not just lumber, lockdowns are also strangling trade routes all over europe. The worst hit are heavy bulky goods.
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