According to Madison’s Lumber Reporter, 2-by-4 (Western SPF, KD, #2 & better) cost US-$1,192/1000 bft last week. With a currency exchange rate of US-$1.14/€, European suppliers made around €673/m³ free Great Lakes region (actual size), i. e. €45/m³ more than in the week before. Year on year, the 2-by-4 price saw an even sharper rise of €210/m³.
The upward trend could start to weaken, however. The Lumber Futures which are traded at the Chicago Mercantile Exchange are always a rough indicator for price directions. At the moment, the Futures for March are at around US-$1,230/1000 bft, which would be €694/m³ with the current euro-dollar exchange rate and thus an increase of only €20/m³.
