There was a pause in demand as buyers waited to see if prices might erode. Players reported a two-tiered pricing structure opening up between sawmills and the distributers, as wholesalers with unfavourable contract positions and/or inventory levels got conspicuously aggressive with their numbers to entice buyers.
In the week ending April 12, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$452 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $452.
That week’s price is flat from one month ago when it was US$452 mfbm.
Compared to the same week last year, when it was US$350 mfbm, that week’s price is up by +$102, or +29%. Compared to two years ago when it was $1,096, that week’s price is down by -$644, or -59%.
In the week ending April 12, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$380 mfbm. This is flat from the previous week when it was US$380 mfbm.
That week’s price is down by -$24, or -6%, from one month ago when it was US$404 mfbm.
Compared to the same week last year, when it was US$545 mfbm, that week’s price is down by -$165, or -30%. Compared to two years’ ago when it was $835, this week’s price is down by -$455, or -54%.
