U.S.: Softwood and panel markets - Week 9, 2016

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While a measured pace prevailed through Wednesday, trading in framing lumber picked up steam on the Thursday of last week. One catalyst was a strong upward move in futures, although the impact on the cash market was uneven. Another key to the pickup was the approach of spring; many producers took a firmer stance on pricing on the premise that customers’ needs would increase with the arrival of milder weather. The late activity helped to nudge up the Random Lengths Framing Lumber Composite Price for a fifth straight week.

  This Week
Mar 4
Last Week
Feb 26
Year Ago
2015
Random Lengths Framing Lumber Composite Price* $316 $315 $348
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 276 271 300
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 364 364 400
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 322 318 307
Southern Pine (Westside) #2 2x4 R/L 367 372 410
KD Coast Hem-Fir #2&Btr 2x4 R/L 315 310 322
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 675 670 665
* Weighted average of 15 key items

 

Random Lengths Panel Market Report

Structural panel prices fluctuated mildly amid a moderate sales pace. In most producing regions, OSB prices hit a flat spot. Buyers spent most of the week digesting recent purchases, and mills generally had sufficient order files to hold quotes firm. The Southern Pine plywood market hummed along at a steady clip, and most prices were unchanged. In rated sheathing, thick panels drew more attention than thinner ones. Western Fir plywood prices edged downward, as most buyers remained cautious about purchasing beyond immediate needs.

(f.o.b. mill prices) This Week
Mar 4
Last Week
Feb 26
Year Ago
2015
Random Lengths Structural Panel Composite Price* $348 $348 $378
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 368-395 368-395 440-495
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 370-398 370-398 445-505
Western 1/2-inch 4-ply rated sheathing plywood 325 330 406
North Central 7/16-inch Oriented Strand Board 227 227 192
*Weighted average of 11 key items

 

Source: Random Lengths

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