Influences from month- and quarter-end were pronounced in framing lumber, and price trends varied greatly from species to species. In some producing regions, recent cuts were sufficient to convince buyers that the downside risk had been wrung out of prices. This was most apparent in green Douglas Fir, where prices of Std/#2&Btr dimension had fallen $75-115 from record peaks. Retailers and distributors in California hit mills up for large volumes. Mixed trends were evident in a number of species.
Random Lengths Panel Market Report
Structural panel trading faded as the week progressed. Upward price momentum in OSB dissipated in the South late in the week. The market’s fervent reaction to last week’s mechanical breakdown at Martco’s plant in Oakdale, La. gave way to a calmer tone from Wednesday on. Southern Pine plywood buyers lacked urgency amid concern about further downside risk. Activity in western Fir plywood was strong to start, as the pace from late last week carried over. However, trading turned choppy by midweek and remained inconsistent the rest of the week.
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$538||$540||$403|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||515-560||525-570||365-395|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||520-565||530-575||365-400|
|Western 1/2-inch 4-ply rated sheathing plywood||534||528||408|
|North Central 7/16-inch Oriented Strand Board||405||405||312|
|*Weighted average of 11 key items|