Hot Weather Across Many Parts Of The Continent Brought The Usual Slow-Down
In Construction Activity, As Well As At Manufacturing Facilities.
Workers fled both offices and industrial sites to enjoy some time off. Due
to continuing weak inventories and generally diminished supply, lumber
prices were mostly firm or slightly up. Sales volumes, however, were
uninspiring.
There was, of course, much talk about the big spike in lumber duties which
had been announced at the beginning of this year and have now come into
effect.
The response by Canadian suppliers of lumber to the US will be to diversify
and start shipping even more wood offshore. At this point, with the duty
constraint at the border so high, the
previous disadvantage of high shipping costs to other continents is
eliminated. Indeed, with the lumber duty THIS high, it is actually less
expensive for Canadians to send wood into alternative markets.
In the week ending July 25, 2025 the price of Western Spruce-Pine-Fir 2×4
#2&Btr KD (RL) was US$527 mfbm, which is up +$27, or +5%, from the previous
week when it was $500, said weekly Madison’s Lumber Reporter.
That week’s price is up +$59, or +13%, from one month ago when it was $468.
Compared To The Same Week Last Year, When It Was Us$330 Mfbm, The Price Of
Western Spruce-Pine-Fir 2×4 #2&Btr Kd (Rl) For The Week Ending July 25, 2025
Was Up +$197, Or +60%.
Compared To Two Years Ago When It Was $458, That Week’S Price Was Up +$69,
Or +15%.
..
KEY TAKE-AWAYS:
Sales of Western-SPF lumber and studs in the United States were limited as
buyers confined their forays to immediate needs.
Speculative purchasing remained elusive.
Canadian Western-SPF sawmills reported solid order files into August, this
augmented by tightening log supply.
Sales of Eastern-SPF slowed down in Quebec for the typical two-week summer
downtime taken by multiple mills.
Even so, demand for bread-and-butter ESPF dimension showing strength on both
sides of the border.
In Southern Yellow Pine, many players stepped away for their summer
vacations while scorching temperatures limit jobsite activity.
Inventory holders at the ports in New Jersey and eastern stocking
wholesalers noted flat pricing, quiet buying, and a general sense of
seasonal lethargy.
MADISON’S BENCHMARK TOP-SIX SOFTWOOD LUMBER AND PANEL PRICES: MONTHLY
AVERAGES
Source:
madisonsreport.com
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