U.S.: Softwood and panel markets - Week 15, 2019

April 15, 2019
Source:
Random Lengths
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Sales of framing lumber continued to lag production, as supply-demand imbalances were noted across the spectrum of the distribution system. Prices sagged in most species, grades, and widths. Buyers reported some encouraging signs in end-use markets, but ample supplies in the secondary market resulted in a lack of orders reaching back to the mill level. Prices continued to erode, and the Random Lengths Framing Lumber Composite Price fell for a seventh straight week.

  This Week
Apr 12
Last Week
Apr 5
Year Ago
2018
Random Lengths Framing Lumber Composite Price* $353 $358 $494
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 328 341 546
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 427 440 620
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 290 302 540
Southern Pine (Westside) #2 2x4 R/L 405 405 554
KD Coast Hem-Fir #2&Btr 2x4 R/L 375 390 547
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 860 860 755
* Weighted average of 15 key items

 

Random Lengths Panel Market Report

Structural panel sales were a grind, and prices faded. The weather-induced malaise that has bedeviled the OSB market for most of 2019 remained intact. In Southern Pine plywood markets, reported prices of rated sheathing eroded amid steady trading that failed to move beyond buyers covering immediate needs. Pressure on western Fir plywood producers to sell sheathing into a market lacking demand persisted. Most Canadian plywood producers experienced little interest from customers.

(f.o.b. mill prices) This Week
Apr 12
Last Week
Apr 5
Year Ago
2018
Random Lengths Structural Panel Composite Price* $361 $366 $528
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 375-403 380-403 490-540
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 380-415 385-415 495-545
Western 1/2-inch 4-ply rated sheathing plywood 362 364 521
North Central 7/16-inch Oriented Strand Board 190 200 405
*Weighted average of 11 key items