Weekly Lumber and Panel Market Report: April 1, 2016

Random Lengths Lumber Market Report

The first quarter came to a close with framing lumber prices still pointing upward. Early week strength in futures buoyed mill positions and trader confidence. Mill order files in various species extended into mid-April and beyond. By most accounts, demand was steady to brisk, and many buyers circulated back to their suppliers for coverage. Supply constraints related to production, weather, spring breakup, or species mix also played a role in strengthening prices.

This Week
Apr 1
Last Week
Mar 25
Year Ago
Random Lengths Framing Lumber Composite Price*$345$340$336
KD Western S-P-F #2&Btr 2×4 R/L Mill Price309303282
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes388378381
Green Douglas Fir Std&Btr 2×4 R/L (Portland)337332300
Southern Pine (Westside) #2 2×4 R/L393387399
KD Coast Hem-Fir #2&Btr 2×4 R/L370352310
Ponderosa Pine (Inland) #2&Btr 1×12 R/L680675670
* Weighted average of 15 key items

weekly lumber pricing graph

Random Lengths Panel Market Report

OSB led the way in structural panel trading. OSB sales accelerated and shifted to a higher gear in the second half of the week. Mills extended order files and steadily pushed quotes higher. While most Southern Pine plywood prices finished flat, the tone of the market was cautiously optimistic. On rated sheathing, mills quoted shipments for the week of April 11. Although the pace in western Fir plywood tapered off from last week’s brisk activity, decent follow-through generated steady upward pressure on prices.

(f.o.b. mill prices)This Week
Apr 1
Last Week
Mar 25
Year Ago
Random Lengths Structural Panel Composite Price*$358$354$374
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood373-397373-397442-500
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood375-400375-400447-508
Western 1/2-inch 4-ply rated sheathing plywood365358425
North Central 7/16-inch Oriented Strand Board235225180
*Weighted average of 11 key items
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weekly composite panel pricing graph
Source: Random Lengths, republished here with permission granted by the publisher.