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Lumber Prices and Market Update: Feb 2023
In the week ending February 10, 2023, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$476 mfbm, which is up by +$16 or +3%, from the previous week when it was US$360 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$104,…
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More Lumber Price Increases on Tightened Supply
The sawmill curtailments of recent months, especially those ongoing in the western part of North America, served to bring lumber prices up slightly. At this point, levels are still somewhat below cost-of-production in the important supply basket of British Columbia — which has been roughly estimated at approximately US$500 mfbm. The strategy of reducing production,…
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US Trade Entanglements
Madison’s has word from US Customs Brokers working the border that — upon requesting clarification from Customs and the DoC — it seems that, at least for now, shake and shingles are also captured in the highly punitive US softwood lumber CV and AD duties. As the bizarre US newsprint trade claim against Canada last…
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Seneca Completes
The Seneca Sawmill in Eugene, OR, is nearing the completion of a US$60 million upgrade project, said KVAL March 26. Due to more demand for dry lumber, and less for “green” lumber over the last 10-12 years, Seneca is up- grading and installing new kilns, which use steam to dry out the wood. The company…
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Wei Wai Kum First Nation Signs 25-year BC Timber Deal
The British Columbia government announced August 7 a 25-year timber licence agreement with a First Nation on Vancouver Island, which allows the Wei Wai Kum First Nation to harvest almost 9,900 cubic metres of timber a year from its traditional territory around Campbell River, BC. The deal covers a 2,400-hectare parcel of Crown land near…
