U.S.: Softwood and panel markets - Week 12, 2018

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Influences from month- and quarter-end were pronounced in framing lumber, and price trends varied greatly from species to species. In some producing regions, recent cuts were sufficient to convince buyers that the downside risk had been wrung out of prices. This was most apparent in green Douglas Fir, where prices of Std/#2&Btr dimension had fallen $75-115 from record peaks. Retailers and distributors in California hit mills up for large volumes. Mixed trends were evident in a number of species.

  This Week
Mar 30
Last Week
Mar 23
Year Ago
2017
Random Lengths Framing Lumber Composite Price* $489 $491 $402
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 515 503 361
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 602 600 445
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 537 525 372
Southern Pine (Westside) #2 2x4 R/L 577 589 470
KD Coast Hem-Fir #2&Btr 2x4 R/L 525 530 400
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 750 745 625
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel trading faded as the week progressed. Upward price momentum in OSB dissipated in the South late in the week. The market’s fervent reaction to last week’s mechanical breakdown at Martco’s plant in Oakdale, La. gave way to a calmer tone from Wednesday on. Southern Pine plywood buyers lacked urgency amid concern about further downside risk. Activity in western Fir plywood was strong to start, as the pace from late last week carried over. However, trading turned choppy by midweek and remained inconsistent the rest of the week.

(f.o.b. mill prices) This Week
Mar 30
Last Week
Mar 23
Year Ago
2017
Random Lengths Structural Panel Composite Price* $538 $540 $403
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 515-560 525-570 365-395
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 520-565 530-575 365-400
Western 1/2-inch 4-ply rated sheathing plywood 534 528 408
North Central 7/16-inch Oriented Strand Board 405 405 312
*Weighted average of 11 key items

 

 

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