U.S.: Softwood and panel markets - Week 32, 2018

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The plunge in framing lumber prices was unabated, but another round of steep discounting drew in more inquiries and orders compared with recent weeks. Traders sensed that customers were more comfortable with lower prices, while the need for some buyers to replenish was evident after weeks on the sidelines. The Random Lengths Framing Lumber Composite Price fell for a ninth consecutive week. 

  This Week
Aug 10
Last Week
Aug 3
Year Ago
2017
Random Lengths Framing Lumber Composite Price* $440 $463 $423
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 442 477 397
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 569 588 497
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 435 450 485
Southern Pine (Westside) #2 2x4 R/L 420 433 380
KD Coast Hem-Fir #2&Btr 2x4 R/L 450 485 437
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 775 775 680
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel markets generated more energy as buyers stepped in with more confidence to cover near-term needs. OSB rebounded in most producing regions, and reversed the summer slide that saw prices of sheathing plunge $200 or more since early June. In Southern Pine plywood, remaining softness in prices of rated sheathing dissipated by Wednesday, and buyers stepped back into the market. After two months of measured trading and price cuts in western Fir plywood, inquiries and sales picked up at midweek. 

(f.o.b. mill prices) This Week
Aug 10
Last Week
Aug 3
Year Ago
2017
Random Lengths Structural Panel Composite Price* $461 $462 $455
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 415-455 415-455 382-405
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 420-460 420-460 387-410
Western 1/2-inch 4-ply rated sheathing plywood 482 480 495
North Central 7/16-inch Oriented Strand Board 345 355 410
*Weighted average of 11 key items

 

 

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