Weekly Lumber and Panel Market Report: April 8, 2016

By / 7 months ago

Random Lengths Lumber Market Report

The second quarter got off to a quiet start in most framing lumber species, after a brisk close to the first quarter. Traders attributed the slower pace to the need to digest March purchases, and assess market prospects going forward. Spring break, vacation absences, and a reversal in the futures market were all cited as contributing factors. While many prices flattened, residual upside momentum pushed the weekly Random Lengths Framing Lumber Composite Price mildly higher to $347.

This Week
Apr 8
Last Week
Apr 1
Year Ago
Random Lengths Framing Lumber Composite Price* $347 $345 $337
KD Western S-P-F #2&Btr 2×4 R/L Mill Price 308 309 279
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes 389 388 381
Green Douglas Fir Std&Btr 2×4 R/L (Portland) 335 337 300
Southern Pine (Westside) #2 2×4 R/L 400 393 402
KD Coast Hem-Fir #2&Btr 2×4 R/L 378 370 310
Ponderosa Pine (Inland) #2&Btr 1×12 R/L 685 680 670
* Weighted average of 15 key items

Random Lengths Panel Market Report

OSB sales were more active than plywood in the structural panel market. Steady sales and solid order files allowed OSB producers in most regions to keep modest upward pressure on quotes. The Southern Pine plywood market lacked energy, and prices of rated sheathing sagged. Most mills quoted shipments for the week of April 18. In western Fir plywood, the pace of sales finished at or modestly below last week’s levels, and volumes were muted. The bulk of the week’s orders came from the West.

(f.o.b. mill prices) This Week
Apr 8
Last Week
Apr 1
Year Ago
Random Lengths Structural Panel Composite Price* $360 $358 $371
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 370-393 373-397 435-495
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 373-397 375-400 440-500
Western 1/2-inch 4-ply rated sheathing plywood 369 365 422
North Central 7/16-inch Oriented Strand Board 242 235 180
*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