Forest products index down
Nov. 28, 2014, Toronto - The Forest Products Index inched down seasonally in October (-0.7% m/m, -0.5% yr/yr), according to the Scotiabank Commodity Price Index. Western Spruce-Pine-Fir 2x4 lumber prices eased from US$355 per mfbm in September to US$347 in October and are currently US$330.
Demand normally fades heading into the winter season, but should climb to an average of US$380 next year. U.S. housing starts will strengthen from 1.0 million units in 2014 to at least 1.2 million in 2015 and 1.4 million in 2016.
November 28, 2014 By Amie Silverwood
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