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Increased Demand Pops Up Lumber Prices
At a time of year when construction activity, thus lumber sales, are usually slowing down which generally means lumber prices drop; this year the ongoing severe supply constraints worked to pop lumber prices higher Customers continued to stick to the practice of just-in-time buying, since approximately the middle of last year, so have got caught…
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Madison’s Lumber Prices Index November 17, 2023: US$436 mfbm
The Madison’s Lumber Prices Index for the week ending November 17, 2023 is: US$436 mfbm The Madison’s Lumber Prices Index for the week ending November 17, 2023 is: US$436 mfbmThis is up by +2%, or +$9, from the previous week when it was US$427. For information regarding the construction of this Index (species mix, weighed…
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Year-End 2023 North America Softwood Lumber Market Update
After a minor boost in recent weeks, toward the end of October North American softwood lumber prices began their usual annual seasonal drop. Customers, whether retailers or end-users, continued to make purchases for immediate needs only, keeping their inventories quite lean indeed. This story originally appears in the latest print issue of Canadian Forest Industries…
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Lumber Prices Rise on Supply Constraints
The ongoing strategy of North American sawmills reducing production and curtailing manufacturing volumes succeeded in reversing the usual seasonal drop of lumber prices. As November dawned, the supply-demand balance was such that lumber sellers were able to actually increase prices somewhat. Customers have been running on lean inventories for most of this year, as macroeconomic…
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Madison’s Lumber Prices Index November 10, 2023: US$427 mfbm
The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbm The Madison’s Lumber Prices Index for the week ending November 10, 2023 is: US$427 mfbmThis is up by +5%, or +$21, from the previous week when it was US$406. For information regarding the construction of this Index (species mix, weighed…
