Madison’s Heating Wood Pellet Price report: June 2020

Madison’s Heating Wood Pellet Price report: June 2020

Progress with Regulations Will Increase Use of Heating Wood Pellets Biomass Heating for Interior BC Community The Esk’etemc indigenous community in Alkali Lake, BC, recently installed biomass boilers to facilitate a transition from fossil fuel community-heating to a more stable, long-term biomass heating solution. Phase 1 of this project to convert from propane to biomass was completed in summer 2019 with the installation of two boilers which heat eight buildings in the community. Phase 2 began in autumn 2019 and…

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Madison’s North America Lumber and Sawmill Update: May 2020

Madison’s North America Lumber and Sawmill Update: May 2020

US Softwood Lumber Production Improves in January-February 2020 Compared to One-Year-Ago For the first two months of 2020 softwood lumber production in the US continued improvements compared to one-year-ago, to increase even more, says the latest issue of the Western Wood Products Association’s monthly Lumber Track.For January and February 2020 US lumber production volume increased by +5% to 6,163 mfbm compared to the first two months of 2019 when it was 5,862 mfbm. Comparing February to the previous month however,…

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Madison’s Western S-P-F Softwood Lumber Prices July 10: sneak preview

Madison’s Western S-P-F Softwood Lumber Prices July 10: sneak preview

Here is a SNEAK PEAK at benchmark Western Spruce-Pine-Fir (WSPF) prices: Further approaching the latest highs, wholesaler prices of benchmark construction framing dimension softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr for the week ending July 10, 2020, was US$504 mfbm, an increase of +$36, or +7%, from last week when it was US$468. The full Madison’s Lumber Reporter North America softwood lumber price list will be updated as usual first thing tomorrow morning (Friday) Eastern time. Stay up-to-date on…

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Softwood Lumber Prices Pop During Usual Seasonal Slow-Down

Softwood Lumber Prices Pop During Usual Seasonal Slow-Down

At this time of year it is usual for softwood lumber prices to be lowering, as end-users would be stocked-up on inventory needs for ongoing building projects, and sawmills would be slowing down as normal seasonal closures and curtailments come into effect. However, this year — having largely stopped production during spring as industry responded to Covid19 infections — softwood lumber producers across North America are still operating at relatively high capacity levels. Inventories in the field remain sketchy to…

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North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: MARCH 2020

North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: MARCH 2020

For the first three months of 2020 softwood lumber production in the US improved further compared to one-year-ago, increasing on the previous month’s rise, says the latest issue of the Western Wood Products Association’s monthly Lumber Track. For January to March 2020 US lumber production volume increased by another +5.2% to 9,161 mfbm compared to the first three months of 2019 when it was 8,708 mfbm. Comparing the month of March to February 2020, US softwood lumber production was flat…

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Madison’s Weekly Softwood Lumber Prices

Madison’s Weekly Softwood Lumber Prices

Key softwood lumber market weekly comment: “Even the Canadian and American national holidays couldn’t slow down red hot demand in the market this week.” https://madisonsreport.com North America Construction Framing Dimension Softwood Lumber Prices updated July 6, 2020 (CLICK TABLE TO ENLARGE)

Canada and US Railcar Loadings: June 2020

Canada and US Railcar Loadings: June 2020

The US Association of American Railroads (AAR) Friday reported US rail traffic for the week ending June 27, 2020, as well as volumes for June 2020. US railroads originated 794,256 carloads in June 2020, down -22%, or 228,975 carloads, from June 2019. US railroads also originated 1,004,933 containers and trailers in June 2020, down -7%, or 70,994 units, from the same month last year. Combined US carload and intermodal originations in June 2020 were 1,799,189, down -14%, or 299,969 carloads…

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US Construction Spending: May 2020

US Construction Spending: May 2020

Outlays for construction projects in the US fell -2.1% in May at a seasonally adjusted annual rate of US$1.36 trillion, the Commerce Department reported Wednesday. Residential construction fell -3.9% in May, while spending on public construction projects rose +1.2%.  Spending in April was revised to a -3.5% fall from the prior estimate of a -2.9% drop. Spending on private construction was at a seasonally adjusted annual rate of US$1,001 billion, -3.3% below the revised April estimate of US$1,035 billion. Residential…

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US New and Existing Home Sales: May 2020

US New and Existing Home Sales: May 2020

New Single-Family Sales Up +13% Compared to May 2019 Sales of new single-family homes in the United States jumped +17% month-over-month to an annualized rate of 676 thousand in May of 2020. However, data for April was revised sharply lower to 580 thousand, from 623 thousand. Still, May’s figure is the highest in three months. Sales jumped +46% in the Northeast (to 32 thousand), +29% in the West (to 169 thousand), and +15% in the South (to 402 thousand) but…

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Dimension Softwood Lumber Prices Big Rise, Following Plywood Last Week

Dimension Softwood Lumber Prices Big Rise, Following Plywood Last Week

The big surge in plywood prices of two weeks ago “Plywood Prices’ Major Surge While Most Softwood Lumber Prices Moderate”, was followed last week by a spike in most softwood lumber commodity prices.As Madison’s detailed in that post last week, “A spike in demand, whether for immediate repair needs or longer-term rebuilding, for Plywood and Oriented Strand Board (OSB) always causes a surge in price.” Sure enough, this week the price of Western Spruce-Pine-Fir KD 2×4 #2&Btr rose significantly. In…

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