BC Sawmill Shuts Operations for Two Weeks In Around Town
Your Weekly Construction Briefing
Conifex Timber has announced that it is temporarily curtailing its Mackenzie sawmill operations for two weeks starting October 11. This announcement impacts production capacity by approximately seven million board feet in the fourth quarter.According to an industry wide survey released in April 2021, BC’s construction industry continues to be the number one employer in BC’s goods sector, with more than 219,500 people relying directly on construction for a paycheque.
The company cited the steep decline in lumber prices and B.C. Ministry of Forests’ policies and practices “which position sawmills in the B.C. interior region at the high end of the industry cost curve” as reasons for the reduction. Conifex will continually monitor and assess industry and market conditions as they evolve.
The BC Forest Product Prices sheet from the Ministry of Forests puts SPF 2×4 at $445 US$/000 bd ft. last week. The same product in October 2021 was priced at $595, while the price in October 2020 had jumped to $960. This compares to the year-to-date weekly average as of October 14, 2022 of $893.
The British Columbia Forest Prices is a weekly report listing the prices for selected forest industry products in British Columbia. The report includes SPF stud, SPF 2×10, Cedar 2×4, plywood and OSB panels and more. Prices are subject to revision.
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