Demand and takeaway improved tangibly in most categories as strong market machinations continued to be driven mostly by lack of supply. Panels were on a weird, wild ride.
In the week ending March 15, 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 up by +$8, or +2%, from one month ago when it was US$444 mfbm.
Compared to the same week last year, when it was US$364 mfbm, that week’s price is up by +$88, or +24%. Compared to two years ago when it was $1,400, that week’s price is down by -$948, or -68%.
In the week ending March 15, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$410 mfbm. This is down by -$5, or -1% from the previous week when it was US$415 mfbm.
That week’s price is up by +$5, or +1%, from one month ago when it was US$405 mfbm.
Compared to the same week last year, when it was US$522 mfbm, that week’s price is down by -$112, or -21%. Compared to two years ago when it was $1,430, this week’s price is down by -$1,020, or -71%.
