Weekly Lumber and Panel Market Report: March 25, 2016

Random Lengths Lumber Market Report

A slower pace of sales was widely noted, but strength in prices of framing lumber prevailed. The gains mostly came early in the week on momentum carried over from the previous week. Many traders paused to digest recent purchases and higher prices. That approach was abetted by the Montreal Wood Convention and spring break, which took many traders out of their offices. Easter observances were an additional factor late in the week. The Random Lengths Framing Lumber Composite Price rose for an eighth straight week.

This Week
Mar 25
Last Week
Mar 18
Year Ago
Random Lengths Framing Lumber Composite Price*$340$332$333
KD Western S-P-F #2&Btr 2×4 R/L Mill Price303299276
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes378375381
Green Douglas Fir Std&Btr 2×4 R/L (Portland)332328298
Southern Pine (Westside) #2 2×4 R/L387381395
KD Coast Hem-Fir #2&Btr 2×4 R/L352337310
Ponderosa Pine (Inland) #2&Btr 1×12 R/L675675670
* Weighted average of 15 key items


Random Lengths Panel Market Report

Firm to higher prices were evident in structural panel markets. Western Fir plywood recorded the largest price jumps, with some items posting double-digit increases. A moderate surge of orders Wednesday and Thursday solidified mills’ positions and gave them the impetus to bump prices higher. Sales tapered in all markets due to Good Friday observances. OSB prices posted $3-8 increases in all producing zones. Most of the sharpest increases were seen in the West. Modest increases were posted in Southern Pine plywood.

(f.o.b. mill prices)This Week
Mar 25
Last Week
Mar 18
Year Ago
Random Lengths Structural Panel Composite Price*$354$350$376
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood373-397370-397442-500
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood375-400375-400447-508
Western 1/2-inch 4-ply rated sheathing plywood358340427
North Central 7/16-inch Oriented Strand Board225220183
*Weighted average of 11 key items
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Source: Random Lengths, republished here with permission granted by the publisher.