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Summer downtime triggers a drop in US lumber prices
Posted on July 5, 2024 |
Demand for North American lumber stayed weak, with supply exceeding demand in most categories, and panel prices becoming more vulnerable.
The price of Western spruce pine fir fell by 7% to $356 in the week ending June 21, down $28 from the previous week and 12% lower than the same week in 2023.
Compared to two years ago, the price of Western spruce pine fir has fell by 33%.