U.S. lumber and panel market reports-20120522

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U.S. lumber and panel market reports

May 22, 2012

U.S.: Lumber and panel market report ---- Week 20 2012

Framing lumber trading quieted at the mill level, as buyers were cautious about placing orders for shipments beyond the first week of June. Nonetheless, with mills mostly booked through May and in no need of compromising on prices, producers held firm to quotes that had been bumped up on last week's action. Gains were weighted to the first half of the week. But the Random Lengths Framing Lumber Composite Price rose another $6 to finish at $343.

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Week
May 18

Week
May 11

Year Ago
2011

Random Lengths Framing Lumber Composite Price*
$343
$337
$257

KD Western S-P-F #2&Btr 2x4 R/L Mill Price
308

304
218

KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
404

400
324

Green Douglas Fir Std&Btr 2x4 R/L (Portland)
250

250
237

Southern Pine (Westside) #2 2x4 R/L
360

353
270

KD Coast Hem-Fir Std&Btr 2x4 R/L
325

325

260

Ponderosa Pine (Inland) #2&Btr 1x12 R/L
600

605

635

* Weighted average of 15 key items

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Structural panel prices firmed in the latter half of the week. OSB prices advanced unevenly in most -- but not all -- regions. A surge in Western Canada led the way. Efforts by most Southern Pine plywood producers to stretch order files into the week of June 4 resulted in sloppy pricing through Thursday. Once order files for this month were nearly filled, mills bounced quotes back near previously reported levels. Modest participation from multiple segments and various regions quietly pushed order files out another week and exerted upward pressure on prices of western Fir sheathing and underlayment.

(f.o.b. mill prices)	Week May 18	Week May 11	Year Ago 2011
Random Lengths Structural Panel Composite Price*	$358	$354	$276
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood	385-400	385-405	290-307
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood	386-415	387-415	290-310
Western 1/2-inch 4-ply exterior sheathing plywood	384	376	295
North Central 7/16-inch Oriented Strand Board	235	230	165
*Weighted average of 11 key items

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