Lumber and Panel Market Report: June 17, 2016

Random Lengths Lumber Market Report

Mid-June sales were unremarkable, and traders struggled to discern the softwood lumber market’s near-term course. This led to conservative, just-in-time purchasing, with buyers taking care to avoid adding to their inventories. Quick shipments were a priority, fueling the notion that there was little inventory cushion in the distribution system. Mills, meanwhile, worked to push order file through the July 4 holiday. Buyers shopped hard to find the tallies they needed, often paying full price when they found them.

This Week
Jun 17
Last Week
Jun 10
Year Ago
2015
Random Lengths Framing Lumber Composite Price*$349$352$332
KD Western S-P-F #2&Btr 2×4 R/L Mill Price320320291
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes420415384
Green Douglas Fir Std&Btr 2×4 R/L (Portland)350353320
Southern Pine (Westside) #2 2×4 R/L381388344
KD Coast Hem-Fir #2&Btr 2×4 R/L370372315
Ponderosa Pine (Inland) #2&Btr 1×12 R/L705705670
* Weighted average of 15 key items

Random Lengths Panel Market Report

Plywood sales outpaced OSB amid a mixed structural panel market. Prices of OSB continued to slide as producers searched for levels that would entice buyers to purchase more than fill-in loads. Southern Pine plywood sales accelerated Wednesday, spurred by reports of mill downtime to be taken the week of July 4. A perception of little to no downside risk was another incentive for buyers. Some western Fir producers noted the week was the best they had experienced in 18 months.

(f.o.b. mill prices)This Week
Jun 17
Last Week
Jun 10
Year Ago
2015
Random Lengths Structural Panel Composite Price*$371$372$372
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood360-380355-375415-442
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood362-380355-375420-442
Western 1/2-inch 4-ply rated sheathing plywood383371415
North Central 7/16-inch Oriented Strand Board277280208
*Weighted average of 11 key items

Source: Random Lengths, republished here with permission granted by the publisher.

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