In the week ending October 1, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$388 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $388.
Lumber
Exports of lumber from Thailand to China downed 2%.
Price for lumber exported from New Zealand added 0.7%.
Price for lumber exported from Finland to China slipped 3%.
The Madison’s Lumber Prices Index for the week ending October 18, 2024 was US$437 mfbm.
Price for lumber imported to India expanded 48%.
China’s softwood lumber imports drop 4.3% in first three quarters of 2024, while average prices rise
Imports from Germany and Sweden both fell sharply.
For the three months ended August 31, 2024, Goodfellow reported net earnings of $5.8 million or $0.68 per share compared to net earnings of $6.2 million or $0.72 per share a year ago.
Exports of lumber from Lithuania added 0.6%.
Exports of lumber from Latvia expanded 12%.
The inventory-to-sales ratio increased to 1.38.
Price for lumber exported from Germany slipped 4%.
Price for lumber exported from Sweden gained 1.0%.
Price for lumber exported from Finland to Algeria slid 5%.
July was the second consecutive month in 2024 that volumes have been higher than in the corresponding months of the previous year.
The broader index for products of wood, cork, and straw increased by 0.2%, recovering from a 0.1% decline in August.
The overall manufacturing sector's capacity utilization rose by 1.0 percentage points.
Interfor Corporation announced plans to exit its operations in Québec, Canada.
The Madison’s Lumber Prices Index for the week ending October 11, 2024 was US$426 mfbm.
During the second half of the year, market demand for UPM’s products has been weaker than expected, leading to lower delivery volumes in most businesses.