Weekly Lumber and Panel Market Report: April 1, 2016

By / 7 months ago

Random Lengths Lumber Market Report

The first quarter came to a close with framing lumber prices still pointing upward. Early week strength in futures buoyed mill positions and trader confidence. Mill order files in various species extended into mid-April and beyond. By most accounts, demand was steady to brisk, and many buyers circulated back to their suppliers for coverage. Supply constraints related to production, weather, spring breakup, or species mix also played a role in strengthening prices.

This Week
Apr 1
Last Week
Mar 25
Year Ago
Random Lengths Framing Lumber Composite Price* $345 $340 $336
KD Western S-P-F #2&Btr 2×4 R/L Mill Price 309 303 282
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes 388 378 381
Green Douglas Fir Std&Btr 2×4 R/L (Portland) 337 332 300
Southern Pine (Westside) #2 2×4 R/L 393 387 399
KD Coast Hem-Fir #2&Btr 2×4 R/L 370 352 310
Ponderosa Pine (Inland) #2&Btr 1×12 R/L 680 675 670
* Weighted average of 15 key items

weekly lumber pricing graph

Random Lengths Panel Market Report

OSB led the way in structural panel trading. OSB sales accelerated and shifted to a higher gear in the second half of the week. Mills extended order files and steadily pushed quotes higher. While most Southern Pine plywood prices finished flat, the tone of the market was cautiously optimistic. On rated sheathing, mills quoted shipments for the week of April 11. Although the pace in western Fir plywood tapered off from last week’s brisk activity, decent follow-through generated steady upward pressure on prices.

(f.o.b. mill prices) This Week
Apr 1
Last Week
Mar 25
Year Ago
Random Lengths Structural Panel Composite Price* $358 $354 $374
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 373-397 373-397 442-500
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 375-400 375-400 447-508
Western 1/2-inch 4-ply rated sheathing plywood 365 358 425
North Central 7/16-inch Oriented Strand Board 235 225 180
*Weighted average of 11 key items

weekly composite panel pricing graph
Source: Random Lengths, republished here with permission granted by the publisher.

Random Lengths

Random Lengths provides the wood products industry with unbiased, consistent, and timely reports of market activity and prices, related trends, issues, and analysis. The company’s focus has traditionally been on North American markets, but Random Lengths has expanded its coverage to cover prices and developments in overseas supplying regions. Learn More: www.randomlengths.com