Industry News
Markets
News
Buyer reluctance keeps lumber prices lower: Madison’s
May 9, 2024 By Madison’s Lumber Reporter
A quiet week capped off a muted month of April, as commodity prices were flat to down. Plywood prices appeared to be approaching a bottom.
In the week ending April 26, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$408 mfbm. This is flat from the previous week when it was $408. That week’s price is down by $44, or 10 per cent, from one month ago when it was $452 mfbm.
Compared to the same week last year when it was $360 mfbm, that week’s price is up by $48, or 13 per cent. Compared to two years ago when it was $1,060, that week’s price is down by $652, or 62 per cent.
In the week ending April 26, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was $330 mfbm. This is down by $10, or three per cent from the previous week when it was $340 mfbm.
That week’s price is down by $74, or 18 per cent from one month ago when it was $404 mfbm.
Compared to the same week last year when it was $535 mfbm, that week’s price is down by $205, or 38 per cent. Compared to two years ago when it was $815, that week’s price is down by $485, or 60 per cent.
Print this page
