Lumber and Panel Market Report: June 17, 2016

By / 4 months ago

Random Lengths Lumber Market Report

Mid-June sales were unremarkable, and traders struggled to discern the softwood lumber market’s near-term course. This led to conservative, just-in-time purchasing, with buyers taking care to avoid adding to their inventories. Quick shipments were a priority, fueling the notion that there was little inventory cushion in the distribution system. Mills, meanwhile, worked to push order file through the July 4 holiday. Buyers shopped hard to find the tallies they needed, often paying full price when they found them.

This Week
Jun 17
Last Week
Jun 10
Year Ago
Random Lengths Framing Lumber Composite Price* $349 $352 $332
KD Western S-P-F #2&Btr 2×4 R/L Mill Price 320 320 291
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes 420 415 384
Green Douglas Fir Std&Btr 2×4 R/L (Portland) 350 353 320
Southern Pine (Westside) #2 2×4 R/L 381 388 344
KD Coast Hem-Fir #2&Btr 2×4 R/L 370 372 315
Ponderosa Pine (Inland) #2&Btr 1×12 R/L 705 705 670
* Weighted average of 15 key items

Random Lengths Panel Market Report

Plywood sales outpaced OSB amid a mixed structural panel market. Prices of OSB continued to slide as producers searched for levels that would entice buyers to purchase more than fill-in loads. Southern Pine plywood sales accelerated Wednesday, spurred by reports of mill downtime to be taken the week of July 4. A perception of little to no downside risk was another incentive for buyers. Some western Fir producers noted the week was the best they had experienced in 18 months.

(f.o.b. mill prices) This Week
Jun 17
Last Week
Jun 10
Year Ago
Random Lengths Structural Panel Composite Price* $371 $372 $372
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 360-380 355-375 415-442
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 362-380 355-375 420-442
Western 1/2-inch 4-ply rated sheathing plywood 383 371 415
North Central 7/16-inch Oriented Strand Board 277 280 208
*Weighted average of 11 key items

Source: Random Lengths, republished here with permission granted by the publisher.

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