The seasonal wind-down proceeded apace this week, with players increasingly distracted by the prospect of relaxing with family and friends over the holiday break. Commodity prices were largely flat or close to the previous week鈥檚 levels, according to analysis from
Most customers had already ordered, before U.S. Thanksgiving, whatever wood they needed to end this year. These latest softening prices did attract some increased interest, however buyers generally chose to stay on the sidelines in hopes that prices might drop further.
Sawmills were booked for production right up to the 2-week holiday closures, so they were not very motivated to complete more orders at lower prices. The strategy for players now is to end the year with no inventory on-hand, so the focus was on selling out any remaining wood at lumberyards.
In the week ending聽December 13, 2024, the price of Western Spruce-Pine-Fir 2脳4 #2&Btr KD (RL) was US$465 mfbm,聽which is down -$10, or -2%, from the previous week when it was $475, said weekly forest products industry price guide newsletter聽. That week鈥檚 price is up +$4,聽or +1%, from one month ago when it was $461.
