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September 27, 2021

Record high US lumber prices shifted global lumber trade flows

Record high US lumber prices shifted global lumber trade flows
US lumber prices reached unprecedented highs in the 2Q/21. For example, the costs for 2x4 framing pine lumber inthe US South averaged almost $800/m3 in May, up from $210/m3 as recent as February 2020 and nearly four times as much as the 20-year average price for southern yellow pine.     The costs for sawlogs, typically accounting for 60-70% of the production costs when manufacturing lumber, have seen only relatively small adjustments throughout the first half of 2021 in the key lumber-producing regions of North America. The favorable lumber price/sawlog cost ...

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