With extreme volatility of lumber markets in 2021 and 2022 in the rearview, look to more stable, normal prices going forward this year. Prices for Western spruce-pine-fir (SPF) went up to $446 per thousand board feet this week.
According to Business in Vancouver, that should be good for B.C. sawmills. Over the past year, a number of B.C. sawmills have taken either temporary curtailments or been shuttered for good, due in no small part to high operating costs and a dwindling supply of affordable timber.
“Those mills that have slowed down and been curtailed and been rotating through curtailment are going to come back online,” Kosman predicts. “What I think is that, where we’ve been seeing a lot of these curtailments, especially in the past year, there’s going to be way less of that now.”