U.S.: Softwood and panel markets - Week 6, 2019

February 18, 2019
Source:
Random Lengths
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Sales of US framing lumber slowed as winter took a toll on consumption across the continent. Snow in the Northwest and rain in California cooled off trading in the West, while the Upper Midwest, Northeast, and much of Canada were in the deep freeze. As mill sales slowed, secondaries stepped up efforts to sell from their inventories, and a two-tiered market was widely apparent. The quieter tone sapped upward momentum in prices, but the Random Lengths Framing Lumber Composite Price still posted a $7 gain.

  This Week
Feb 15
Last Week
Feb 8
Year Ago
2018
Random Lengths Framing Lumber Composite Price* $377 $370 $500
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 410 417 527
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 471 465 609
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 302 300 595
Southern Pine (Westside) #2 2x4 R/L 422 405 553
KD Coast Hem-Fir #2&Btr 2x4 R/L 405 395 550
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 815 810 740
* Weighted average of 15 key items

 

Random Lengths Panel Market Report

Structural panel prices shifted mildly amid minimal sales. Wintry weather cast a pall over demand across the vast majority of the continent, and limited open-market sales of OSB. Southern Pine plywood prices trended upward modestly during another uneventful, but steady week of trading. Lean inventories kept buyers in the market searching for small volumes to address emerging needs. Western Fir plywood mills struggled to sell a week’s worth of production amid a dearth of activity attributed to weather.

(f.o.b. mill prices) This Week
Feb 15
Last Week
Feb 8
Year Ago
2018
Random Lengths Structural Panel Composite Price* $377 $375 $523
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 380-405 375-405 520-565
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 385-415 380-415 525-570
Western 1/2-inch 4-ply rated sheathing plywood 379 378 544
North Central 7/16-inch Oriented Strand Board 215 215 385
*Weighted average of 11 key items