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Fastmarkets to launch European Spruce 2×4 16-foot price

Fastmarkets will launch a European Spruce #2 2x4 16-foot assessment to add transparency to the most imported lumber item from Europe into the United States.

February 12, 2025
By the Fastmarkets team
Lumber/Sawn Timber Pricing notice Wood products

The initial assessment will be published Thursday, February 27.

The European Spruce price specification is as follows:

Kd spruce (Euro) 2 2×4 16-ft, fob US Gulf/EC, $/mbf

Size: 2×4 inches, 16-foot

Species: Spruce, Pine, Fir

Location: FOB Gulf, East Coast ports

Grades: #2

Unit: US dollars per thousand board feet

Payment terms: Cash terms, no discounts included

Publication: Weekly, every Thursday, 3:30 p.m. PT

The European Spruce #2 2×4 16-foot price will be available as part of the wood products package on the Fastmarkets platform. The price will be added to the published PDF at a later date.  

The new price will be assessed in alignment with the International Organization of Securities Commissions (IOSCO) best standards for price reporting agencies (PRAs).

To provide feedback on the new assessment or if you would like to provide pricing information, please contact Joe Pruski by email at pricing.forest@fastmarkets.com. Please add the subject heading “FAO: Joe Pruski re: Euro Spruce.”

To see all Fastmarkets pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology

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