U.S.: Softwood and Panel Markets - Week 45, 2014

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Used with permission granted by Random Lenghts Publications, Inc.
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Random Lengths Lumber Market Report
A cold weather front that affected much of the U.S. and Canada, the exodus of traders to Chicago for the NAWLA Traders Market, and concerns about year-end inventory levels combined to dull demand for framing lumber. It also didn’t help that holidays in the U.S. and Canada fell on Tuesday. As a result, low expectations for the week were widely met, and many prices softened. The Random Lengths Framing Lumber Composite Price fell for a fourth consecutive week to $367.

 
Week
Nov 14
Week
Nov 7
Year Ago
2013
Random Lengths Framing Lumber Composite Price*
$367
$372
$399
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
334
337
385
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
428
433
476
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
300
305 342
Southern Pine (Westside) #2 2x4 R/L
416
424
434
KD Coast Hem-Fir Std&Btr 2x4 R/L
340
345
390
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
675
675
820
* Weighted average of 15 key items


Random Lengths Panel Market Report
Structural panel prices were soft amid lackluster demand. Whether they were absent or simply indifferent, buyers had little interest in purchasing OSB. Reported prices were flat to slightly lower across North America. Southern Pine sheathing prices eroded, as producers discounted by varying degrees to clear accumulations and build at least modest order files. Western Fir sheathing prices fell by double digits in light trading. A few producers reported steady sales, but it took deep discounts to draw in the business.

(f.o.b. mill prices)
Week
Nov 14
Week
Nov 7
Year Ago
2013
Random Lengths Structural Panel Composite Price*
$404
$410
$371
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 457-500
461-510
375-400
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
465-505
477-515
375-410
Western 1/2-inch 4-ply exterior sheathing plywood 433 457
395
North Central 7/16-inch Oriented Strand Board 222 222 240
*Weighted average of 11 key items
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