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Some Softwood Lumber Prices Recover From Recent Drops
Improved demand and continued restricted supply last week brought some North American construction framing dimension softwood lumber prices back up to levels of one-month-ago, and indeed to match exactly what prices were at this time last year. The wholesaler price of benchmark softwood lumber commodity item Western Spruce-Pine-Fir KD 2×4 #2&Btr (RL) last week gained…
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MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT:
Key comment: “Buyers in active construction markets scrambled to secure limited supply.” Prices updated May 5, 2020 (CLICK TABLE TO ENLARGE)
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Latest EIA Bioenergy Forecast: North America Heating Wood Pellets
The US Energy Information Administration recently released its latest Short-Term Energy Outlook (STEO), forecasting a decline in electricity usage this year. Total US electric power generation is anticipated to drop by 3 per cent in 2020, mostly in the form of fossil-fuel energy production. The report forecasts a 20 per cent decline in coal-fired power…
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Madison’s North America Lumber and Sawmill Update: Jan 2020
Western US sawmills production of softwood lumber down -2.3 percent in January 2020 Western US sawmills produced 1.245 bbf of softwood lumber in January, down -2.3 percent from January 2019 when output was 1.275 bbf, but up +10 percent compared with December 2019’s 1.132 bbf, according to the Western Wood Products Association (WWPA) Coastal mills…
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Softwood Lumber Prices Bounce Off Lows of Two Weeks Ago
As Madison’s said in mid-April, “only in the future will we know” if North America construction framing dimension softwood lumber prices reached the bottom, or if they would fall further. Given the wee surge last week, we now know that prices have bounced from those lows of two weeks ago. Whether they will remain there…
