The frenzied pace of trading in many framing lumber species in recent weeks gave way to a calmer tone, although last week’s surge followed through in Southern Pine. Trading in many species shifted to the secondary level, where wholesalers and distributors were focused on selling from inventories built up in the recent rally. Sticker shock among retailers was a factor, as were the holidays next week in Canada and the U.S. The Random Lengths Framing Lumber Composite Price rose $9, led by gains in Southern Pine.
This Week Jun 28 |
Last Week Jun 21 |
Year Ago 2018 |
|
Random Lengths Framing Lumber Composite Price* | $354 | $345 | $547 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 392 | 390 | 590 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 460 | 445 | 680 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 338 | 323 | 565 |
Southern Pine (Westside) #2 2x4 R/L | 351 | 332 | 544 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 387 | 378 | 600 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 855 | 860 | 775 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Structural panel prices gained ground amid mixed trends in overall trading. OSB sales slowed from last week’s rapid pace, but prices in northern regions posted increases for the second consecutive week. In Southern Pine plywood, a perception of bottoming prices combined with emerging needs fueled steady trading and kept prices on mostly firm footing. After months of dull trading, sloppy prices, and little confidence in the western Fir plywood market, traders sensed a better tone. Canadian plywood trading picked up later in the week.
(f.o.b. mill prices) | This Week Jun 28 |
Last Week Jun 21 |
Year Ago 2018 |
Random Lengths Structural Panel Composite Price* | $342 | $334 | $553 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 340-380 | 340-380 | 510-545 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 345-385 | 345-385 | 515-550 |
Western 1/2-inch 4-ply rated sheathing plywood | 355 | 352 | 547 |
North Central 7/16-inch Oriented Strand Board | 200 | 182 | 445 |
*Weighted average of 11 key items |