As we bid farewell to 2023 and embrace the start of 2024, let’s pause for a moment to reflect on the insights gained from Quarter 4 this past year. Upon analyzing the data, a clear pattern emerges – the pricing of all softwood species witnessed a gradual decline throughout October, only to rebound and rise again in November. December brought about fluctuating prices for Eastern SPF, Western SPF, and Hem Fir, while Southern Pine stood out as the exceptional species, consistently experiencing an increase from the week of November 21 until the year’s end.
It’s important to note that the aforementioned changes in pricing represent an average shift based on species. Therefore, the exact change you observe may vary due to additional factors. Factors such as transportation costs and mid-week adjustments could potentially influence the final pricing. Rest assured, our team is committed to providing you with the most accurate and up-to-date information to ensure your satisfaction. Please keep this in mind for any quotes or requirements you may have.
Here are the specific changes in cost from the beginning of October 2023 to the end of December 2023:
- Hem-Fir Cost has decreased by $40/MBF
- Southern Pine has decreased by $64/MBF
- Western SPF has increased by $42/MBF
- Eastern SPF has increased by $35/MBF