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U.S. softwood and panel markets - week 20, 2012

  • May 22, 2012
  • • Source: Used with permission granted by Random Lenghts Publications, Inc.
  • • Views: 687
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Framing lumber trading quieted at the mill level, as buyers were cautious about placing orders for shipments beyond the first week of June. Nonetheless, with mills mostly booked through May and in no need of compromising on prices, producers held firm to quotes that had been bumped up on last week's action. Gains were weighted to the first half of the week. But the Random Lengths Framing Lumber Composite Price rose another $6 to finish at $343.


Week
May 18

Week
May 11

Year Ago
2011
Random Lengths Framing Lumber Composite Price*
$343
$337
$257
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
308
304
218
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
404
400
324
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
250
250
237
Southern Pine (Westside) #2 2x4 R/L
360
353
270
KD Coast Hem-Fir Std&Btr 2x4 R/L
325
325
260
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
600
605
635
* Weighted average of 15 key items

Structural panel prices firmed in the latter half of the week. OSB prices advanced unevenly in most -- but not all -- regions. A surge in Western Canada led the way. Efforts by most Southern Pine plywood producers to stretch order files into the week of June 4 resulted in sloppy pricing through Thursday. Once order files for this month were nearly filled, mills bounced quotes back near previously reported levels. Modest participation from multiple segments and various regions quietly pushed order files out another week and exerted upward pressure on prices of western Fir sheathing and underlayment.

(f.o.b. mill prices)
Week
May 18
Week
May 11

Year Ago
2011
Random Lengths Structural Panel Composite Price*
$358
$354
$276
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 385-400
385-405
290-307
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
386-415
387-415
290-310
Western 1/2-inch 4-ply exterior sheathing plywood 384
376
295
North Central 7/16-inch Oriented Strand Board 235
230
165
*Weighted average of 11 key items


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