U.S. lumber and panel market reports-20120411

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U.S. lumber and panel market reports

April 11, 2012

U.S.: Lumber and panel market report ---- Week 14 2012

After a slow start, sales of framing lumber accelerated Wednesday and Thursday. Many prices finished lower as mills had opened to counters or trimmed quotes early on to entice buyers. Cuts in the $10-20 range were enough to draw in some buyers needing to replenish, and the sales pickup on Wednesday stirred optimism. Gains in the futures market helped follow-through on Thursday. Expectations for Friday were low, as many offices were to be closed or staffed lightly amid Good Friday observances.

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Week
Apr 6

Week
Mar 30

Year Ago
2011

Random Lengths Framing Lumber Composite Price*
$296
$298
$281

KD Western S-P-F #2&Btr 2x4 R/L Mill Price
276

279
275

KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
370

374
357

Green Douglas Fir Std&Btr 2x4 R/L (Portland)
245

250
260

Southern Pine (Westside) #2 2x4 R/L
308

309
268

KD Coast Hem-Fir Std&Btr 2x4 R/L
290

294

300

Ponderosa Pine (Inland) #2&Btr 1x12 R/L
640

650

655

* Weighted average of 15 key items

Price declines outweighed gains amid mixed trading in structural panels. Sales and price trends in OSB were inconsistent from region to region, leaving many traders uncertain about the market's near-term course. Few Southern Pine plywood producers adjusted quotes on rated sheathing, but those seeking orders often chopped prices to pull in buyers. After a sluggish opening to the week with prompt shipments available, western Fir plywood mills offered lower prices on limited quantities of sheathing to spark the market.

(f.o.b. mill prices)	Week Apr 6	Week Mar 30	Year Ago 2011
Random Lengths Structural Panel Composite Price*	$340	$342	$302
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood	372-392	375-395	335-350
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood	375-400	385-410	340-352
Western 1/2-inch 4-ply exterior sheathing plywood	365	370	340
North Central 7/16-inch Oriented Strand Board	207	202	178
*Weighted average of 11 key items

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