In North America, markets remained mixed but generally firm through April. Tight supply and seasonal demand supported stable pricing. Western SPF trading was quieter than expected but sufficient to hold prices.

Canadian SPF J-grade regained some competitiveness due to shipping delays and supply concerns in other regions of the world. However, softer demand increased competition among Canadian shippers, putting slight downward pressure on prices toward the end of April.

Looking ahead, soft demand is expected to keep the market buyer-leaning for now. However, if demand picks up—particularly in North America, where the largest volumes are concentrated—the pricing dynamic could shift quickly.

Western SPF J-Grade 2″x4″

• April 2026: $565-$575
• MoM: ▲$5 (▲0.9%)
• YoY: ▲$90 (▲13.7%)

*C&F JPN, USD per Thousand Board Feet

Western SPF #2&BTR 2″x4″

• April 2026: $490
• MoM: +$3 (+0.6%)
• YoY: +$28 (+6.1%)

*FOB Mill in Canada, USD per Thousand Board Feet

Western SPF #3/Utility 2″x4″

• April 2026: $442
• MoM: +$22 (+5.2%)
• YoY: +$94 (+27.0%)

*FOB Mill in Canada, USD per Thousand Board Feet