Views: 0 Author: Site Editor Publish Time: 2021-12-08 Origin: Site
Lumber prices year-end 2021: A brand-new market balance
| Lumber and panel market weekly report ---- Week 45, 2021 |
| By Madison's Lumber Reporter |
As explained last week, the North America construction framing dimension softwood lumber market has changed forever. Following the massive flooding and infrastructure damage to transportation routes in southern British Columbia, which will take many months to repair, for the week ending Nov. 26, 2021 industry players had not yet been able to determine what impact this supply impediment would have on lumber prices. However, it was known hat the supply-demand balance is now decidedly in the favour of producers. This is because most players were not stocking inventory, generally in the hopes that prices would go down. Now that there are huge logistical challenges in moving wood out of the important fibre basket in B.C., those who still need lumber before the end of this year are scrambling to find whatever material they can.
This is, of course, sending prices higher. Normally at this time of year players have ordered — and indeed received — any lumber building materials they need for the end of the year and prices are starting to go down. That was not the case last year, and does not seem to be the case this year. Please see graphs attached for more details.
At time of writing the two Canadian railways were back to running through southern B.C., and the Port of Vancouver was re-opened. However there is a significant backlog of goods waiting to move, which would take quite a while to work through at the best of times, not to mention right at the busy holiday season.
Boosting higher compared to the previous week, and rising to match the same week one year ago, for the week of November 26, 2021 the price of WSPF 2×4 #2&Btr KD (RL) was US$645 mfbm. This is up by +$15, or +2%, from the previous week when it was $630.
Southern Yellow Pine demand was consistent as frustrated buyers had trouble sourcing dimension items.
“Myriad supply and logistical issues caused strong demand for most solid wood commodities.” — Madison’s Lumber Reporter
Traders of Western S-P-F lumber and studs in the United States related strong demand amid multiple logistical and supply issues, according to both primary and secondary suppliers. Buyers who had dithered for even one moment lost the sale. Sawmill order files were extended into mid-December for the most part. The stage was set for a solid finish to 2021 and an even better start to 2022.
Heightened demand for Western S-P-F dimension lumber continued to drive the overall lumber market. Sawmill order files were into the second week of December on most items. The US Department of Commerce’s final decision on its second Administrative Review of softwood lumber duties for the year of 2019 doubled the combined rate from 8.99 per cent to 17.9 per cent for most Canadian operators.
“The larger Southern Yellow Pine sawmills were difficult to get a hold of while smaller producers who actually answered their phones had correspondingly limited supply. Order files ranged between December 6th and 20th, sawmill- and item-dependent.” — Madison’s Lumber Reporter
Madison’s Benchmark Top-Six Softwood Lumber and Panel Prices: Monthly Averages
For the week of November 26, 2021 the price of WSPF 2×4 #2&Btr KD (RL) was up by +$16, or +3%, from one month ago when it was US$629 mfbm. When compared to the same week last year, when it was $620, that week’s price is up by +$25, or +4%.
Compared to two years’ ago when it was $394, that week’s price is up by +$251, or +39%.
U.S. & Canada softwood and panel markets - week 44 2021 (Dec 01, 2021)
U.S. & Canada softwood and panel markets - week 43 2021 (Nov24, 2021)
U.S. & Canada softwood and panel markets - week 42 2021 (Nov17, 2021)
U.S. & Canada softwood and panel markets - week 41 2021 (Nov10, 2021)
U.S. & Canada softwood and panel markets - week 40 2021 (Nov 03, 2021)
U.S. & Canada softwood and panel markets - week 39 2021 (Oct 27, 2021)
U.S. & Canada softwood and panel markets - week 38 2021 (Oct 20, 2021)
U.S. & Canada softwood and panel markets - week 37 2021 (Oct 13, 2021)
U.S. & Canada softwood and panel markets - week 36 2021 (Oct 06, 2021)
U.S. & Canada softwood and panel markets - week 35 2021 (Sep 29, 2021)
U.S. & Canada softwood and panel markets - week 34 2021 (Sep 22, 2021)
U.S. & Canada softwood and panel markets - week 33 2021 (Sep 8, 2021)
U.S. & Canada softwood and panel markets - week 32 2021 (Sep 1, 2021)
U.S. & Canada softwood and panel markets - week 31 2021 (Aug 25, 2021)
U.S. & Canada softwood and panel markets - week 30 2021 (Aug 18, 2021)
U.S. & Canada softwood and panel markets - week 29 2021 (Aug 11, 2021)
U.S. & Canada softwood and panel markets - week 28 2021 (Aug 04, 2021)
U.S. & Canada softwood and panel markets - week 27 2021 (Jul 28, 2021)
U.S. & Canada softwood and panel markets - week 26 2021 (Jul 21, 2021)
U.S. & Canada softwood and panel markets - week 25 2021 (Jul 14, 2021)
U.S. & Canada softwood and panel markets - week 24 2021 (Jul 07, 2021)
U.S. & Canada softwood and panel markets - week 23 2021 (Jun 30, 2021)
U.S. & Canada softwood and panel markets - week 22 2021 (Jun 23, 2021)
U.S. & Canada softwood and panel markets - week 21 2021 (Jun 10, 2021)
U.S. & Canada softwood and panel markets - week 20 2021 (Jun 03, 2021)
U.S. & Canada softwood and panel markets - week 19 2021 (May 26, 2021)
U.S. & Canada softwood and panel markets - week 18 2021 (May 19, 2021)
U.S. & Canada softwood and panel markets - week 17 2021 (May 12, 2021)
U.S. & Canada softwood and panel markets - week 16 2021 (May 5, 2021)
U.S. & Canada softwood and panel markets - week 15 2021 (Apr 28, 2021)
U.S. & Canada softwood and panel markets - week 14 2021 (Apr 21, 2021)
U.S. & Canada softwood and panel markets - week 13 2021 (Apr 15, 2021)
U.S. & Canada softwood and panel markets - week 12 2021 (Apr 8, 2021)
U.S. & Canada softwood and panel markets - week 11 2021 (Apr 1, 2021)
U.S. & Canada softwood and panel markets - week 10 2021 (Mar 25, 2021)
U.S. & Canada softwood and panel markets - week 09 2021 (Mar 17, 2021)
U.S. & Canada softwood and panel markets - week 08 2021 (Mar 10, 2021)
U.S. & Canada softwood and panel markets - week 07 2021 (Mar 03, 2021)
U.S. & Canada softwood and panel markets - week 06 2021 (Feb 24, 2021)
U.S. & Canada softwood and panel markets - week 05 2021 (Feb 16, 2021)
U.S. & Canada softwood and panel markets - week 04 2021 (Feb 04, 2021)
U.S. & Canada softwood and panel markets - week 03 2021 (Jan 29, 2021)
U.S.&nb303& Canada softwood and panel markets - week 02 2021 (Jan 22, 2021)
U.S. & Canada softwood and panel markets - week 01 2021 (Jan 15, 2021)
U.S. & Canada softwood and panel markets - week 49 2020 (Dec 16, 2020)
U.S. & Canada softwood and panel markets - week 48 2020 (Dec 09, 2020)
U.S. & Canada softwood and panel markets - week 47 2020 (Dec 02, 2020)
U.S. & Canada softwood and panel markets - week 46 2020 (Nov 25, 2020)
U.S. & Canada softwood and panel markets - week 45 2020 (Nov 18, 2020)
U.S. & Canada softwood and panel markets - week 44 2020 (Nov 11, 2020)
U.S. & Canada softwood and panel markets - week 43 2020 (Nov 4, 2020)
U.S. & Canada softwood and panel markets - week 42 2020 (Oct 28, 2020)
U.S. & Canada softwood and panel markets - week 41 2020 (Oct 21, 2020)
U.S. & Canada softwood and panel markets - week 40 2020 (Oct 14, 2020)
U.S. & Canada softwood and panel markets - week 39, 2020 (Oct 07, 2020)
U.S. & Canada softwood and panel markets - week 38, 2020 (Sep 30, 2020)
U.S. & Canada softwood and panel markets - week 37, 2020 (Sep 23, 2020)
U.S. & Canada softwood and panel markets - week 36, 2020 (Sep 16, 2020)
U.S. & Canada softwood and panel markets - week 35, 2020 (Sep 09, 2020)
U.S. & Canada softwood and panel markets - week 34, 2020 (Sep 02, 2020)
U.S. & Canada softwood and panel markets - week 33, 2020 (Aug 26, 2020)
U.S. & Canada softwood and panel markets - week 32, 2020 (Aug 19, 2020)
U.S. & Canada softwood and panel markets - week 31, 2020 (Aug 12, 2020)
U.S. & Canada softwood and panel markets - week 30, 2020 (Aug 05, 2020)
U.S. & Canada softwood and panel markets - week 29, 2020 (Jul 29, 2020)
U.S. & Canada softwood and panel markets - week 28, 2020 (Jul 22, 2020)
U.S. & Canada softwood and panel markets - week 27, 2020 (Jul 17, 2020)
U.S. & Canada softwood and panel markets - week 26, 2020 (Jul 10, 2020)
U.S. & Canada softwood and panel markets - week 25, 2020 (Jul 02, 2020)
U.S. & Canada softwood and panel markets - week 24, 2020 (Jun 25, 2020)
U.S. & Canada softwood and panel markets - week 23, 2020 (Jun 17, 2020)
U.S. & Canada softwood and panel markets - week 22, 2020 (Jun 10, 2020)
U.S. & Canada softwood and panel markets - week 21, 2020 (Jun 3, 2020)
U.S. & Canada softwood and panel markets - week 20, 2020 (May 27, 2020)
U.S. & Canada softwood and panel markets - week 19, 2020 (May 21, 2020)
U.S. & Canada softwood and panel markets - week 18, 2020 (May 15, 2020)
U.S. & Canada softwood and panel markets - week 17, 2020 (May 8, 2020)
U.S. & Canada softwood and panel markets - week 16, 2020 (May 1, 2020)
U.S. & Canada softwood and panel markets - week 15, 2020 (Apr 23, 2020)
U.S. & Canada softwood and panel markets - week 14, 2020 (Apr 17, 2020)
U.S. & Canada softwood and panel markets - week 13, 2020 (Apr 08, 2020)
U.S. & Canada softwood and panel markets - week 12, 2020 (Mar 31, 2020)
U.S. & Canada softwood and panel markets - week 11, 2020 (Mar 24, 2020)
U.S. & Canada softwood and panel markets - week 5, 2020 (Feb 11, 2020)
U.S. & Canada softwood and panel markets - week 4, 2020 (Feb 4, 2020)
U.S. & Canada softwood and panel markets - week 3, 2020 (January 27, 2020)
U.S. & Canada softwood and panel markets - week 2, 2020 (January 20, 2020)
U.S. & Canada softwood and panel markets - week 1, 2020 (January 13, 2020)
U.S. & Canada softwood and panel markets - week 50, 2019 (December 17, 2019)
U.S. & Canada softwood and panel markets - week 49, 2019 (December 10, 2019)
U.S. & Canada softwood and panel markets - week 48, 2019 (December 3, 2019)
U.S. & Canada softwood and panel markets - week 47, 2019 (November 26, 2019)
U.S. & Canada softwood and panel markets - week 46, 2019 (November 19, 2019)
U.S. & Canada softwood and panel markets - week 45, 2019 (November 12, 2019)
U.S. & Canada softwood and panel markets - week 44, 2019 (November 5, 2019)
U.S. & Canada softwood and panel markets - week 43, 2019 ( October 29, 2019)
U.S. & Canada softwood and panel markets - week 42, 2019 ( October 22, 2019)
U.S. & Canada softwood and panel markets - week 41, 2019 ( October 15, 2019)
U.S. & Canada softwood and panel markets - week 40, 2019 ( October 8, 2019)
U.S. & Canada softwood and panel markets - week 39, 2019 ( October 1, 2019)
U.S. & Canada softwood and panel markets - week 38, 2019 ( September 24, 2019)
U.S. softwood and panel markets - week 37, 2019 ( September 17, 2019)
U.S. softwood and panel markets - week 36, 2019 ( September 10, 2019)
U.S. softwood and panel markets - week 35, 2019 ( September 3, 2019)
U.S. softwood and panel markets - week 34, 2019 ( August 23, 2019)
U.S. softwood and panel markets - week 33, 2019 ( August 16, 2019)
U.S. softwood and panel markets - week 32, 2019 ( August 09, 2019)
U.S. softwood and panel markets - week 31, 2019 ( August 02, 2019)
U.S. softwood and panel markets - week 30, 2019 ( July 26, 2019)
U.S. softwood and panel markets - week 29, 2019 ( July 19, 2019)
U.S. softwood and panel markets - week 28, 2019 ( July 12, 2019)
U.S. softwood and panel markets - week 27, 2019 ( July 03, 2019)
U.S. softwood and panel markets - week 26, 2019 ( June 28, 2019)
U.S. softwood and panel markets - week 25, 2019 ( June 21, 2019)
U.S. softwood and panel markets - week 24, 2019 ( June 14, 2019)
U.S. softwood and panel markets - week 23, 2019 ( June 07, 2019)
U.S. softwood and panel markets - week 22, 2019 ( May 31, 2019)
U.S. softwood and panel markets - week 21, 2019 ( May 24, 2019)
U.S. softwood and panel markets - week 20, 2019 ( May 17, 2019)
U.S. softwood and panel markets - week 19, 2019 ( May 10, 2019)
U.S. softwood and panel markets - week 18, 2019 ( May 03, 2019)
U.S. softwood and panel markets - week 17, 2019 ( April 26, 2019)
U.S. softwood and panel markets - week 16, 2019 ( April 19, 2019)
U.S. softwood and panel markets - week 15, 2019 ( April 12, 2019)
U.S. softwood and panel markets - week 14, 2019 ( April 05, 2019)
U.S. softwood and panel markets - week 13, 2019 ( March 29, 2019)
U.S. softwood and panel markets - week 12, 2019 ( March 22, 2019)
U.S. softwood and panel markets - week 11, 2019 ( March 15, 2019)
U.S. softwood and panel markets - week 10, 2019 ( March 08, 2019)
U.S. softwood and panel markets - week 9, 2019 ( March 01, 2019)
U.S. softwood and panel markets - week 8, 2019 ( February. 22, 2019)
U.S. softwood and panel markets - week 7, 2019 ( February. 15, 2019)
U.S. softwood and panel markets - week 6, 2019 ( February. 08, 2019)
U.S. softwood and panel markets - week 5, 2019 ( February. 01, 2019)
U.S. softwood and panel markets - week 4, 2019 (January. 25, 2019)
U.S. softwood and panel markets - week 3, 2019 (January. 18, 2019)
U.S. softwood and panel markets - week 2, 2019 (January. 11, 2019)
U.S. softwood and panel markets - week 1, 2019 (January. 04, 2019)
