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British Columbia Government Changes to the Manufactured Forest Products Regulation (MFPR)

British Columbia Government Changes to the Manufactured Forest Products Regulation (MFPR)

The British Columbia government announced Thursday changes to the Manufactured Forest Products Regulation (MFPR) around export requirements for sawn-wood products and lumber made from western red cedar or cypress go into effect Sept. 30, 2020. These changes are intended to increase the amount of processing of wood products done within British Columbia, leading to more B.C. jobs, rather than having that processing done after export. Under the current MFPR, logs that are squared off up to a maximum dimension of…

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US Housing Starts August & Softwood Lumber Prices September: 2020

US Housing Starts August & Softwood Lumber Prices September: 2020

US Housing Total Starts August 2020 & Benchmark Softwood Lumber Prices September 2020 The USA purchases approximately 65% of Canadian lumber production mostly for construction framing, while Canadian buyers account for about 10%, and those in Japan take 6%.However: US and Canadian customers purchase mostly standard grades (#2&Btr), while Japan buys almost exclusively premium or “appearance” grades (J-grade) which sells for quite a bit more than standard grade does. For the week ending September 11, 2020, softwood lumber prices flattened…

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Softwood Lumber Prices Flatten or Drop Slightly as Autumn Comes On

Softwood Lumber Prices Flatten or Drop Slightly as Autumn Comes On

Madison’s indicated last week that most standard construction framing dimension softwood lumber commodities could level off or even start dropping, and that’s exactly what has happened. Players and industry insiders say that supply is improving as sawmills are able to get more lumber production online, just as the usual seasonal drop in demand arrives. However, the massive wildfires in the US west coast — which have already caused huge damage to property — and looming storms in the US southeast,…

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Canada & Japan Housing Starts: July 2020 and Softwood Lumber Prices: August

Canada & Japan Housing Starts: July 2020 and Softwood Lumber Prices: August

The USA purchases approximately 65% of Canadian lumber production, while Canadian buyers account for about 10%, and those in Japan take 6%. However: US and Canadian customers purchase mostly standard grades (#2&Btr), while Japan buys almost exclusively premium or “appearance” grades (J-grade) which sells for quite a bit more than standard grade does.It’s true that North American softwood lumber purchasing by China has increased massively since 20 years ago, but it is important to note that a lot of this…

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North America Rail Traffic, Lumber: Aug 2020

North America Rail Traffic, Lumber: Aug 2020

The US Association of American Railroads (AAR) reported September 9 US rail traffic for the week ending September 5, 2020, as well as volumes for August 2020.US railroads originated 898,227 carloads in August 2020, down -15%, or 156,797 carloads, from August 2019. US railroads also originated 1,122,954 containers and trailers in August 2020, up +3%, or 33,115 units, from the same month last year. For the first 36 weeks of 2020, U.S. railroads reported cumulative volume of 7,670,555 carloads, down…

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Madison’s Softwood Lumber & Panel Prices Sept 11: sneak preview

Madison’s Softwood Lumber & Panel Prices Sept 11: sneak preview

Here is a SNEAK PEAK at today’s print for North American construction framing softwood lumber and panel prices: “Fires raged throughout the Pacific Northwest as the pause in lumber sales persisted.” — Madison’s Lumber Reporter 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. This week the wholesaler price of benchmark construction framing dimension softwood lumber item…

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

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

US and especially Canadian softwood lumber production and sawmill capacity utilization rates reversed direction in June from sharp drops earlier in 2020 due to the lockdown caused by the COVID19 pandemic. Compared to one-year-ago, for January – June 2020 softwood lumber production in the US improved by +2%, says the latest issue of the Western Wood Products Association’s monthly Lumber Track. In the first six months of this year, US lumber production volume was 17,950 mfbm compared to the same…

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Softwood Lumber Prices Increase By Smaller Amounts As Demand Slows

Softwood Lumber Prices Increase By Smaller Amounts As Demand Slows

As Madison’s had suggested last week, the unprecedented increases in North America construction framing softwood lumber prices seen so far during 2020 slowed somewhat last week. Normally by Labour Day customers have ordered, and indeed received, their wood for ongoing and expected projects to the end of the year. Usually in early September prices have already been falling, as that wood has been produced and shipped to end-users. Generally speaking at this time of year sawmill order files are down…

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Madison’s Western S-P-F Softwood Lumber Prices Sept 4: sneak preview

Madison’s Western S-P-F Softwood Lumber Prices Sept 4: sneak preview

Here is a SNEAK PEAK at tomorrow’s print benchmark Western Spruce-Pine-Fir (WSPF) softwood lumber prices: “Demand eased somewhat, or possibly suppliers just did not have prompt wood on hand to sell. Lumber prices continued to rise but by smaller increments than during the past couple of months. Replacement items were again more popular than the standard Western or Eastern S-P-F or Southern Yellow Pine; for example Hemlock/Fir Inland 2×4 prices jumped up by $110 mfbm. On the other hand, Utility/#3…

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Demand Appears to Taper Off as Softwood Lumber Prices Rise Further Still

Demand Appears to Taper Off as Softwood Lumber Prices Rise Further Still

While North American softwood lumber prices continued to climb last week, there was a palpable reduction in the enthusiasm of buyers. Normally by Labour Day end-users are well stocked up with the wood they need for ongoing building projects thus are not placing new orders for September or October delivery. However, all can agree that 2020 is anything but normal. Yet the fact of economic cycles and particularly seasonality can not be ignored. This week will tell — if early…

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