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Canada West Coast Wood Pellet Industry Investment Update
BC Port Expansion Boon to Pellet Industry A recent announcement by the Government of British Columbia detailed a planned expansion of the Ridley Island Export Logistics Platform, which will significantly improve the Port of Prince Rupert’s ability to transload wood pellets shipped aboard container vessels. The initiative will be funded through a mix of public…
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US Housing Starts December 2020 & Softwood Lumber Prices January 2021
The lumber supply-demand balance seemed to find an even keel in the second week of 2021, ending January 15, 2021, with benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr prices staying flat at US$944 mfbm over the previous week. Last week’s price is +$292, or +45%, more than it was one month ago…
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Softwood Lumber Market and Prices Update: Feb 2, 2021
North America construction framing dimension softwood lumber and panel wholesaler prices are back on the upswing … Madison’s Lumber Reporter explains the market dynamics: Check back often to keep up with the latest changes and movement both with softwood lumber and panel prices, and with lumber market conditions across the US and Canada.
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Lumber Prices Rebound as Confusion Continues Among Players
Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages Industry players in softwood lumber products across North America questioned themselves, and each other, for understanding on what was happening with market conditions. Prices, meanwhile, climbed again. While clarity was elusive about lumber sales, and particularly prices, one thing was crystal clear: housing construction activity…
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US Home Sales Dec and Full-Year 2020 and Softwood Lumber Prices Jan 2021
Benchmark Softwood Lumber Prices Jan 2021 & US NEW Home Sales Dec 2020 New home sales in the US increased +1.6% to a seasonally adjusted annual rate of 842,000 units last month, said the latest data released by the US Commerce Department. November’s sales pace was revised down to 829,000 units from the previously reported…
