Madison' Lumber Reporter 11/23/2022

Good Supply-Demand Balance Keeps Lumber Prices Flat

In mid-November the annual North American Wholesale Lumbermen’s Association gathering took many traders away from their desks to hob-nob with their colleagues, often determining between themselves the condition for lumber sales to the end of the year. As such, sales were slow but somewhat consistent, and prices remained steady. True winter weather came on in many parts of North America, causing the usual stall to construction activity and indeed sawmill manufacturing volumes. The past two years ended with some serious surprises, which propped up prices significantly at an unusual time of year. Will something similar happen this year? Only time will tell.

Remaining flat from the previous week, in the week ending November 11, 2022, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was again US$490 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$28, or +6%, from one month ago when it was $463.

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