Post-Labour Day Brings Stable Lumber Prices

Historically for the softwood lumber and panel market, the week following Labour Day is the harbinger for what prices will be until the true seasonal slowdown arrives at US Thanksgiving. For the past two years, of course, the annual cycle of lumber price changes has not been anything approaching the historical trends.

Could this year be the beginning of what industry will come to know as normal? There was definitely a drop in demand, as is to be expected for the time of year; however, during this past summer the sawmills responded quickly to market conditions by curtailing production and taking downtime. Thus, the supply-demand balance could seem to be equitable. As such, lumber manufacturers and wholesalers were able to hold on to price levels of the previous week on most items.

Continuing the waffling of most of this summer, for the week ending September 2, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$554 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is down by -$1, or -0% from the previous week when it was $555, and is down by -$49, or -8%, from one month ago when it was $603.


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