Canada's industrial products and raw materials price index in February showed that lumber prices fell by 1.2% month-on-month, of which softwood lumber prices fell by 3.4%. In 2024, Canadian lumber prices rose by 2.2% throughout the year, with softwood lumber rising by 6.2%, mainly due to tight supply caused by sawmill production cuts. Chinese importers need to pay attention to the impact of price fluctuations on procurement costs.