U.S. lumber and panel market reports-20120613

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U.S. lumber and panel market reports

June 13, 2012

U.S.: Lumber and panel market report ---- Week 23 2012

While prices of some framing lumber species staved off weakness, others cracked or broke decidedly to the downside. Southern Pine was especially weak, with key items posting double-digit decreases. Prices also softened at western mills. Western and Eastern S-P-F were most resistant to the downside pressure. The Random Lengths Framing Lumber Composite Price dropped $2 to $341. Nonetheless, Canadian mills were assured of another drop in the tiered tax on shipments to the U.S. during July.

Week
Jun 8

Week
Jun 1

Year Ago
2011

Random Lengths Framing Lumber Composite Price*
$341
$343
$262

KD Western S-P-F #2&Btr 2x4 R/L Mill Price
309

309
230

KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
406

406
328

Green Douglas Fir Std&Btr 2x4 R/L (Portland)
242

247
250

Southern Pine (Westside) #2 2x4 R/L
357

360
264

KD Coast Hem-Fir Std&Btr 2x4 R/L
320

325

275

Ponderosa Pine (Inland) #2&Btr 1x12 R/L
580

590

610

* Weighted average of 15 key items

Structural panel markets played to mixed reviews. OSB prices in all regions continued to grind higher. Larger-than-usual spreads between producing regions allowed sellers to ship into non-traditional markets. Southern Pine plywood producers accepted moderate counters on thicker sheathing to clear prompt loads. Western Fir producers reported strong sales of CCX to Canada, 9- and 10-foot panels to California, and 1-1/8-inch and 3/8-inch panels for agriculture bin builders.

(f.o.b. mill prices)	Week Jun 8	Week Jun 1	Year Ago 2011
Random Lengths Structural Panel Composite Price*	$370	$367	$278
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood	385-400	385-400	284-298
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood	390-405	390-410	280-310
Western 1/2-inch 4-ply exterior sheathing plywood	405	392	291
North Central 7/16-inch Oriented Strand Board	250	248	182
*Weighted average of 11 key items

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