Key Takeaways
- Western SPF remains weak, declining over the month due to soft demand and ample supply.
- Near-term demand recovery is expected to be limited. Activity historically picks up after Labor Day, but sentiment is likely to stay cautious without a major shift.
- Upcoming Q4 J-Grade negotiations could put downward pressure on pricing amid falling North American prices.
- Meanwhile, further price declines could lead to supply adjustments via slowdowns or curtailments, though no significant actions have been reported yet.
Western SPF J-Grade 2″x4″
- August $645-$655
- MoM: +$0
- YoY: +$65 (+11.2%)
*C&F JPN, USD per Thousand Board Feet
Western SPF #2&BTR 2″x4″
- August 2025: $447
- MoM: ▲$86 (▲16.1%)
- YoY: +$60 (+15.5%)
*FOB Mill in Canada, USD per Thousand Board Feet
Western SPF #3/Utility 2″x4″
- August 2025: $310
- MoM: ▲$25 (▲7.5%)
- YoY: +$15 (+5.1%)
*FOB Mill in Canada, USD per Thousand Board Feet