The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing Friday morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After rising +$8 last week,
The price of benchmark softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr jumped this week, Oct 31, 2019, up +$18 to US$396 mfbm, from US$378 mfbm; Utility/#3 grade 2×4 continued recent increases, up another +$12 to US$262 mfbm. — Madison’s Lumber Reporter
This week’s lumber market story published to the website Wednesday: https://madisonsreport.com/2019/10/30/panel-prices-recover-magnificently-big-changes-at-british-columbia-sawmill-operators/
For the week ended Oct 24, construction framing dimension softwood lumber prices rose slightly, while Oriented Strand Board and Plywood prices absolutely soared. There are fewer panel producers than dimension lumber manufacturers — on a relative basis, and they are more disciplined with their production volumes during times of soft demand.
Such a sheer change in prices, whether up or down, suggests a new level is achieved in the negotiations between panel buyers and sellers.
“The price of benchmark panel item Oriented Strand Board 7/16” Ontario shot up C$35, or +15%, last week, to C$275 msf, while that of Plywood 9.5 mm Toronto rose C$20, or +5%, to C$430 msf.” — Madison’s Lumber Reporter