Lumber Prices Flatten as Demand Remains Weak
Ongoing harsh winter weather and ample supply of lumber inventories in the field served to keep prices stable. It seemed that only the sawmill downtime and curtailment announcements of recent weeks — and months — kept lumber prices from falling lower. The balancing act of keeping manufacturing volumes in line with demand was made even more murky than usual by adequate supply, especially at resellers. Wholesalers and reloads in particular had sufficient wood available to satisfy customer inquiries. As such, actual sawmill sales were limited thus prices remained flat.
In the week ending February 17, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$470 mfbm, which is down by -$6 or -1%, from the previous week when it was US$476 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$98, or +26%, from one month ago when it was $373.
FULL STORY: LinkedIn
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