Madison’s Reporter: Lumber Prices Drop Further
Glimmers of improving inquiry and increased sales volumes were blunted by an ongoing sense of oversupply and weak demand.
In the week ending May 3, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$383 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down -$25, or -6%,from the previous week when it was $408.
That week’s price is down -$47, or -11%, from one month ago when it was US$430 mfbm.
Compared to the same week last year, when it was US$360 mfbm, that week’s price is up +$23, or +6%.
In the week ending May 3, 2024, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was US$330 mfbm. This is flat from the previous week when it was US$330 mfbm.
That week’s price is down -$28, or -8%, from one month ago when it was US$358 mfbm.
Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages
Compared to the same week last year, when it was US$525 mfbm, that week’s price is down -$195, or -37%.
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
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