U.S. lumber and panel market reports-20120227

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U.S. lumber and panel market reports

February 27, 2012

U.S.: Lumber and panel market report ---- Week 8 2012

A holiday in the U.S. got the week off to a slow start, but framing lumber sales accelerated Wednesday and carried over into Thursday. Weather remained unseasonably mild across much of the U.S., spurring job site activity. Buyers working through inventories faster than expected forced replenishment. Meanwhile, some buyers were running out of time to cover jobs scheduled to get under way in March and April. Some who were holding off in hopes of a correction threw in the towel and covered their needs.

Week
Feb 24

Week
Feb 17

Year Ago
2011

Random Lengths Framing Lumber Composite Price*
$284
$284
$297

KD Western S-P-F #2&Btr 2x4 R/L Mill Price
268

267
287

KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
360

360
385

Green Douglas Fir Std&Btr 2x4 R/L (Portland)
237

235
277

Southern Pine (Westside) #2 2x4 R/L
293

297
304

KD Coast Hem-Fir Std&Btr 2x4 R/L
278

270

305

Ponderosa Pine (Inland) #2&Btr 1x12 R/L
645

635

590

* Weighted average of 15 key items

Structural panel prices surged as sales gained momentum. The OSB market strengthened in more active trading. Many buyers working from lean inventories were pulled off the sidelines by order files that reached mid-March or beyond. Southern Pine plywood trading kicked into high gear Tuesday afternoon, and mills fielded a steady flow of inquiries through Friday morning. Quiet activity in western Fir plywood Monday and early Tuesday evolved into the strongest week of sales since the first week of the year.

(f.o.b. mill prices)	Week Feb 24	Week Feb 17	Year Ago 2011
Random Lengths Structural Panel Composite Price*	$332	$319	$295
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood	350-385	330-370	305-320
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood	362-395	340-380	300-335
Western 1/2-inch 4-ply exterior sheathing plywood	360	345	312
North Central 7/16-inch Oriented Strand Board	203	193	205
*Weighted average of 11 key items

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(Source: Used with permission granted by Random Lenghts Publications, Inc.)