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U.S. & Canada lumber and panel market weekly reports

                  North American lumber price changes mixed bag

[Feb. 22, 2022]

Lumber and panel market weekly report ---- Week 6, 2022
By Madison's Lumber Reporter

Some North American lumber prices popped up slightly while others dropped a bit, as customers and suppliers were able to hammer out agreeable price levels for 2022. While it is impossible to say yet, the way prices waffled as January transitioned into February, it is obvious players are coming close to finding where the market will be for this looming spring construction season. Those who thought prices would revert close to historical norm will be quite disappointed, according to Madison’s Lumber Reporter.

After staying flat for three weeks, in the week ending February 11, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was US$1,230 mfbm, which is up by +$10, or +1%, from the previous week when it was $1,220. That week’s price is up by +$53, or +4%, from one month ago when it was $1,178.

Following a meandering start to the month of February, suppliers of Western S-P-F commodities in the United States reported strong inquiry and takeaway.

In the US, Western S-P-F retailers were apparently among the busiest buyers, with a focus on narrow dimension and eight-foot stud trims. Producers reported sawmill order files in the range of two- to three-weeks out.

Scant overall supply of Western S-P-F lumber was again outstripped by stable demand, according to Canadian suppliers. After flattening out or falling a jot the previous week, R/L dimension asking prices turned on a dime, showing palpable strength in standard and high-grade. Having cleared out much of their available inventory during the previous week’s micro-lull in sales, secondaries were suddenly in need of replenishment. That along with everyone else.
Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages

When compared to the same week last year, when it was $992, the price of Western S-P-F is up by +$238, or +24%. Compared to two years’ ago when it was $402, that week’s price is up by +$828, or +206%.

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