Panel prices jumped yet again. Most lumber buyers having covered their most pressing needs and balking at current price lists, that market entered a digestion phase.
In the week ending March 22, 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$380 mfbm, that week’s price is up by +$72, or +19%. 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 22, 2024, the price of Southern Yellow Pine East Side 2x4 #2&Btr KD (RL) was US$400 mfbm. This is down by -$10, or -2% from the previous week when it was US$410 mfbm.
That week’s price is down 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$532 mfbm, that week’s price is down by -$132, or -25%. Compared to two years ago when it was $1,350, this week’s price is down by -$950, or -70%.
