Price of lumber inches down
Oct. 16, 2014 - The Forest Products Index inched down in September (-0.6% m/m), but remains just above year-ago levels (+1.8%), according to Scotiabank's Commodity Price Index. Western Spruce-Pine-Fir 2x4 lumber prices lost ground seasonally, falling from US$364 per mfbm in August to US$355 in September. Prices have been largely flat in October at US$352.
U.S. building activity normally winds down seasonally at this time of year and wholesale buyers remain cautious. List prices for NBSK pulp (before discounts) are still near-record highs at US$1,030 per tonne in the U.S. market.