Western Spruce-Pine-Fir 2x4 2Btr KD RL Prices Rise 8%
High demand for North American solid wood commodities drive prices up
Current price: US$386 mfbm, an increase of 8% from one month ago
In the week ending July 26, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 2Btr KD RL rose by 8% to US$386 per thousand board feet (mbfm), according to forest industry price guide newsletter Madisons Lumber Reporter.
This represents an increase of US$30 mfbm compared to the price of US$356 mfbm in the week ending June 29, 2024. The current price is also higher than the average price of US$352 mfbm for 2019.
The increase in price is attributed to the high demand for North American solid wood commodities, particularly from the construction sector.
Comments