Weekly Lumber and Panel Market Report: May 20, 2016

Random Lengths Lumber Market Report

Price trends of the previous two weeks persisted, with Canadian S-P-F and western species strengthening and Southern Pine weakening. Sales overall tapered from the pace of recent weeks, and a larger degree of caution was noted by many traders in the week’s latter half. Nonetheless, most producers were fortified with solid order files — some extending to or even through mid-June. Any notion that producers outside the Southern Pine region were growing vulnerable was widely dismissed.

This Week
May 20
Last Week
May 13
Year Ago
2015
Random Lengths Framing Lumber Composite Price*$360$359$310
KD Western S-P-F #2&Btr 2×4 R/L Mill Price325319251
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes420410347
Green Douglas Fir Std&Btr 2×4 R/L (Portland)350345288
Southern Pine (Westside) #2 2×4 R/L415424345
KD Coast Hem-Fir #2&Btr 2×4 R/L380377297
Ponderosa Pine (Inland) #2&Btr 1×12 R/L700700670
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel sales were a mixed bag. OSB mill sales slowed as buyers confronted extended order files and prices that represented three-year highs. Sales shifted to the secondary market, where distributors and reloads offered quicker shipments. Southern Pine plywood prices were in a holding pattern as mill output roughly balanced with sales. Demand at the retail level was heavy to mixed loads that could ship quickly. Trading in western Fir plywood was measured, but sales picked up later in the week.

(f.o.b. mill prices)This Week
May 20
Last Week
May 13
Year Ago
2015
Random Lengths Structural Panel Composite Price*$378$376$354
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood367-383367-383390-440
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood372-387372-387390-440
Western 1/2-inch 4-ply rated sheathing plywood368367389
North Central 7/16-inch Oriented Strand Board280275195
*Weighted average of 11 key items

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