DATE 2021.09.10
North American timber prices rebounded as demand improved
his summer, many customers have been watching to see when the price will reach the bottom before they start buying wood. In the past two weeks, with more and more obvious signs of market price recovery, most people in the market have bought and sold well. Because of this, sawmills can raise prices slightly, but more importantly, they have expanded their order plan according to their goals since spring. Some buyers tried to negotiate a counter-offer, but the sellers refused because their mobile phones were ringing and new orders came one after another. Those waiting either pay higher prices or find that the supplier's inventory has been sold out.
West s-p-f 2 × 4#2 and BTR KD (RL) prices obviously bottomed out and rebounded from the recent level to the week of August 27, 2021. The price was $420 / thousand board feet, an increase of + 30 dollars or + 8% compared with $390 in the previous week.
On the whole, many customers are buying goods and prices are beginning to rise. The price for the week of August 27 fell by $204, or - 33%, from $624 a month ago
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