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Persistent weak demand leads to a decline in lumber prices: Madison’s
June 18, 2024
By Madison’s Lumber Reporter
Demand for North American lumber continued to meander at below seasonally-typical levels of business. Sales of panels were particularly powerless.
In the week ending June 07, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$384 mfbm. This is flat from the previous week when it was $384.
That week’s price is up $1 from one month ago when it was $383 mfbm. Compared to the same week last year when it was $360 mfbm, that week’s price is up $24, or seven per cent. Compared to two years ago when it was $660, that week’s price is down $276, or 42 per cent.
In the week ending June 07, the price of Southern Yellow Pine East Side 2×4 #2&Btr KD (RL) was $370 mfbm. This is flat from the previous week when it was US$370 mfbm.
That week’s price is up $18, or five per cent from one month ago when it was $352 mfbm. Compared to the same week last year when it was $425 mfbm, that week’s price is down $55, or 13 per cent. Compared to two years ago when it was $725, that week’s price is down by $355, or 49 per cent.