As the dual Canada Day – US Independence Day long weekend arrived, most softwood lumber and panel prices stayed relatively flat compared to the previous week.
This is the time of year when lumber demand starts to drop and prices either fall or remain flat. The large-volume buyers — the big US home builders — have made their purchases, and received their wood, for planned construction projects to autumn. Across North America sawmills choose this time to take seasonal and maintenance curtailments and downtime.
There have been quite a few announcements of this in recent weeks; to learn more check out the latest issue of the new monthly Madison’s Sawmill Curtailment Lookout: https://madisonsreport.com/wp-content/uploads/2022/07/MadisonsSawmillLookout_2022-june.pdf
Check back with the Madison’s website www.madisonsreport.com often for the latest softwood lumber prices and market updates.
Popping up slightly from the previous week, for the week ending July 1, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was again US$640 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$10, or +2% from the previous week when it was $630 and is down by -$15, or -2%, from one month ago when it was $625.