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Madison’s Reporter: Slow Demand Continues to Keeps Lumber Prices Flat

General News
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Different regions and product groups of the lumber market slowly woke up this week, even as commodity prices were largely flat. Meanwhile, plywood surged up across the board.

In the week ending February 9, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$442 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $442.

That week’s price is down by -$3, or -1%, from one month ago when it was US$445 mfbm.

Compared to the same week last year, when it was US$476 mfbm, that week’s price is down by -$34, or -7%. Compared to two years’ ago when it was $1,220, this week’s price is down by -$778, or -64%.

Madisons TOP SIX Benchmark Dimension Softwood Lumber and Panel Prices 2.20.2024

In the week ending February 9, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$398 mfbm. This is down by -$2, or -1%,  from the previous week when it was US$400 mfbm.

That week’s price is down by -$50, or -11%, from one month ago when it was US$448 mfbm.

Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages

Madisons Lumber Reporter Weekly Prices Dashboard 2.20.2024

Compared to the same week last year, when it was US$515 mfbm, that week’s price is down by -$117, or -23%. Compared to two years’ ago when it was $1,310, this week’s price is down by -$912, or -70%.

About Madison’s Lumber Reporter

Established in 1952, Madison’s Lumber Prices is your premiere source for North American softwood lumber news, prices, industry insight, and industry contacts. The weekly Madison’s Lumber Reporter publishes current Canadian and US construction framing dimension lumber and panel wholesaler pricing information 50 weeks a year and access to historical pricing as well.

Contact:

Keta Kosman – Publisher, Madison’s Lumber Reporter – (604) 319-2266 – https://madisonsreport.com/

Source: Madison’s Lumber Reporter