Here is a SNEAK PEAK at tomorrow’s print for North American construction framing softwood lumber prices:
“There were some underpinnings of demand as prices dropped the past couple of weeks. Inventories have been stretched so much with little in the supply pipeline that at some point the market would get support.” — Madison’s Lumber Reporter
This week the wholesaler price of benchmark construction framing dimension softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr, for the week ending Nov 6, 2020, dropped another $80, to US$580 mfbm (net FOB sawmill), a decrease of -14%, from last week when it was US$660.
In September 2015, the “recent-low” of lumber prices, benchmark commodity Western S-P-F KD 2x4s were selling for US$249 mfbm. The last “recent-high” was in June 2018, when this price was US$622 mfbm.
The full Madison’s Lumber Reporter North America softwood lumber price list is updated first thing Friday mornings Eastern time.
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