U.S.: softwood and panel prices - week 1; October 2015

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Trading in framing lumber turned more upbeat, as concerns about this week’s expiration of the Softwood Lumber Agreement dissipated. Traders largely tossed aside any angst about heavier-than-normal shipments after the SLA’s October 12 expiration, as Canadian mills built order files into the second half of October. Demand was driven by secondaries replenishing thinning inventories. With most species showing at least an uptick in key prices, the Random Lengths Framing Lumber Composite Price rose $6. 

 
Week Oct 9
Week Oct 2
Year Ago
2014
Random Lengths Framing Lumber Composite Price*
$305
$299
$384
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
250
240
352
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
346
343
452
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
295
295
325
Southern Pine (Westside) #2 2x4 R/L
350
329
436
KD Coast Hem-Fir Std&Btr 2x4 R/L
300
303
365
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
660
660
675
* Weighted average of 15 key items

 

Random Lengths Panel Market Report

Structural panel trading gained momentum. The steady-to-strong pace that had typified OSB markets in recent weeks turned more frenzied on Wednesday. Buyers covered their needs with more urgency. Southern Pine plywood trading came to life Thursday on news of a South Carolina mill’s market-related curtailment. The announcement brought in wholesalers to cover shorts and purchase modest long positions. Activity in western Fir plywood markets was flat or up from last week.

(f.o.b. mill prices) Week Oct 9 Week Oct 2
Year Ago
2014
Random Lengths Structural Panel Composite Price*
$353
$351
$409
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 360-395 360-395
450-515
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
360-390
360-390
478-518
Western 1/2-inch 4-ply exterior sheathing plywood 365 370
480
North Central 7/16-inch Oriented Strand Board 232 225 222
*Weighted average of 11 key items
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