The North American construction framing dimension softwood lumber market has found even footing at this mid-summer 2022. Prices on almost all lumber and panel items remained flat, with some benchmark commodities rising slightly. A big change coming to how lumber futures are traded on the Chicago Mercantile Exchange has many players excited; details of those changes below.
The recent increase to timber stumpage prices in British Columbia has put some operators in a not-profitable position — in the context of current lumber prices — so several facilities in that province are taking additional or extended downtime and curtailments.
Bumping further upward slightly, for the week ending July 22, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$684 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$20, or +3% from the previous week when it was $664, and is up by +$59, or +25%, from one month ago when it was $625.
FULL STORY: Most Lumber Prices Flat as Benchmark Items Rise
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