Weekly Lumber and Panel Market Report: March 25, 2016

By / 7 months ago

Random Lengths Lumber Market Report

A slower pace of sales was widely noted, but strength in prices of framing lumber prevailed. The gains mostly came early in the week on momentum carried over from the previous week. Many traders paused to digest recent purchases and higher prices. That approach was abetted by the Montreal Wood Convention and spring break, which took many traders out of their offices. Easter observances were an additional factor late in the week. The Random Lengths Framing Lumber Composite Price rose for an eighth straight week.

This Week
Mar 25
Last Week
Mar 18
Year Ago
Random Lengths Framing Lumber Composite Price* $340 $332 $333
KD Western S-P-F #2&Btr 2×4 R/L Mill Price 303 299 276
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes 378 375 381
Green Douglas Fir Std&Btr 2×4 R/L (Portland) 332 328 298
Southern Pine (Westside) #2 2×4 R/L 387 381 395
KD Coast Hem-Fir #2&Btr 2×4 R/L 352 337 310
Ponderosa Pine (Inland) #2&Btr 1×12 R/L 675 675 670
* Weighted average of 15 key items


Random Lengths Panel Market Report

Firm to higher prices were evident in structural panel markets. Western Fir plywood recorded the largest price jumps, with some items posting double-digit increases. A moderate surge of orders Wednesday and Thursday solidified mills’ positions and gave them the impetus to bump prices higher. Sales tapered in all markets due to Good Friday observances. OSB prices posted $3-8 increases in all producing zones. Most of the sharpest increases were seen in the West. Modest increases were posted in Southern Pine plywood.

(f.o.b. mill prices) This Week
Mar 25
Last Week
Mar 18
Year Ago
Random Lengths Structural Panel Composite Price* $354 $350 $376
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 373-397 370-397 442-500
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 358 340 427
North Central 7/16-inch Oriented Strand Board 225 220 183
*Weighted average of 11 key items

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