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Lumber prices remain soft on sagging demand: Madison’s
April 17, 2024 By Madison’s Lumber Reporter
Lumber buyers kept their inventories lean post-Easter thus demand continued to sag.
In the week ending April 5, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$452 mfbm. This is flat from the previous week when it was $452. That week’s price is flat from one month ago. Compared to the same week last year when it was $335 mfbm, that week’s price is up by $117, or 35 per cent.
In the week ending April 5, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was $380 mfbm. This is down by $11, or three per cent from the previous week when it was $391 mfbm.
That week’s price is down by $24, or six per cent from one month ago when it was $404 mfbm. Compared to the same week last year, when it was $545 mfbm, that week’s price is down by $165, or 30 per cent.
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