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North American timber prices rebounded as demand improved

Publisher Publisher WILLWOOD | DATE 2021.09.10

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

The s-p-f market in the western United States showed cautious optimism this week, as investors expected that demand would increase with the return of holiday buyers and the arrival of autumn. Demand from the retail sector is growing rapidly, with reports from multiple sources, as many people have digested most of their high priced inventory and hope to replenish inventory through larger transactions by September.

S-p-f producers in western Canada believe the market is returning to normal. Prices between sawmills and secondary sawmills are still very different, but it seems that there will be more stable levels.

Compared with the price of $940 in the same period last year, the western s-p-f2 in the week of August 27 × The price of 4 fell by $520, or - 55%. Compared with the price of $370 two years ago, the price this week increased by $50, or 14%.


Copyright? Willwood Forest Products Co., Ltd. www.bsscxm.com

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