What is the lumber index?
What is the lumber index?
Each month WWPA publishes Lumber Price Indexes that are used to indicate lumber price changes by species or species group. The Index prices shown are based upon reported lumber prices combined into grade groups, which in turn are multiplied by the fixed percentages as shown in WWPA’s Index Logs.
What is the market price of lumber today?
Key Data
| Label | Value |
|---|---|
| Prior Settlement | 651.8 |
| 52 Week High | 1330.5 |
| 52 Week Low | 454.2 |
| Bid | 650.1 |
Is Pulp a commodity?
Market pulp is a critical global commodity within the pulp and paper industry. As such, market pulp is a constant fixture in global trade flows because of its primary role in manufacturing numerous paper grades.
Are lumber prices coming down?
Over the past three months, however, with interest rates rising and the housing market cooling, demand for lumber is falling—and so are prices. Lumber futures are down over 50% since this year’s January peak of $1,329 per thousand board feet to $651 on Wednesday.
How is wood pulp prices?
US Producer Price Index: Pulp, Paper, and Allied Products: Woodpulp is at a current level of 214.61, up from 213.03 last month and up from 167.20 one year ago. This is a change of 0.74% from last month and 28.36% from one year ago.
What is Risi index?
Fastmarkets RISI Indices publishes the most relied-on price assessments in the pulp, recovered paper, paper and packaging industry around the world. Buyers and sellers throughout the industry trust Fastmarkets RISI prices because of our deep industry expertise combined with systematic price assessment methodologies.
Are lumber prices going to fall?
In a May 19 report, Market Insider found that lumber prices fell to new lows in 2022 as April’s existing home sales hit the lowest level since the start of the pandemic. According to the report, lumber futures fell as much as 6% to below $700 per thousand board feet, its lowest level since November\.
Are lumber prices going to go down?
May 9 prices slid to $780 per thousand board feet The price of lumber dropped as low as $780 per thousand board feet on Monday, the lowest point for the commodity in 2022, Insider reported. Prices dropped as much as 6 percent on the day and 13 percent in the past week. Year-to-date, lumber prices are down 30 percent.
What will lumber prices do in 2022?
Lumber prices fall to their lowest level in 2022 as the highest mortgage rates in 13 years dent housing demand
- Lumber prices fell below $800 on Monday to hit their lowest level of 2022.
- The 30% year-to-date decline in lumber prices comes as mortgage rates hit a 13-year high.
