Southern Yellow Pine lumber prices fall to lowest level this year

ResourceWise Forest Products Blog
August 31, 2023
Category: Finance & Economics
Region: United States, US East

Reported SYP KD lumber prices have dropped to the lowest level so far this year. According to ResourceWise data, the price dipped just under $400/MBF, reflecting a 15% dive from just a month ago. While 15% is by no means a small change, remember to look at these numbers contextually. As the graph shows, the decrease here reflects generally steady SYP lumber prices throughout 2023. We’re seeing variance between $400 and $500 with the highest values occurring in March followed by a few ups and downs until August’s low. …The data reveals that the prices we’re seeing this year on SYP lumber are far less volatile than even just a year ago. Nevertheless, a 4-week downward pricing trend brought the number to where it currently sits.

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