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U.S. lumber and panel market reports

September 17, 2012


U.S.: Lumber and panel market report ---- Week 37  2012

With few exceptions, prices of framing lumber skidded lower, as buyers stayed on the sidelines and mill order files thinned. Despite reports from many traders that customers ¡°needed to buy,¡± orders were tough to come by, and buyers readily admitted they were wary about stepping in before prices hit bottom. After early week softness, price cutting picked up, and many key framing lumber prices posted double-digit declines. The Random Lengths Framing Lumber Composite fell $7, its second straight weekly drop.




Week
Sep 14

Week
Sep 7

Year Ago
2011
Random Lengths Framing Lumber Composite Price*
$334
$341
$263
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
298
308
257
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
402
411
339
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
295
307
245
Southern Pine (Westside) #2 2x4 R/L
380
374
250
KD Coast Hem-Fir Std&Btr 2x4 R/L
312
322
267
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
472
465
540
* Weighted average of 15 key items

Weakness crept into the structural panel market. For the first time in 10 weeks, softness was apparent in OSB prices in the South. With loads available for shipment this week and next, producers in that region sold limited volumes at reduced prices. Another week of light inquiries reaching the mill level pushed some Southern Pine plywood producers into the market with lower quotes or openness to counters. Western Fir plywood mills turned away counters of $30 or more on sheathing, but were receptive to more modest counters.

(f.o.b. mill prices)
Week
Sep 14
Week
Sep 7

Year Ago
2011
Random Lengths Structural Panel Composite Price*
$452
$458
$297
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 433-470
437-477
330-340
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
443-475
455-487
330-360
Western 1/2-inch 4-ply exterior sheathing plywood 460
470
337
North Central 7/16-inch Oriented Strand Board 360
360
188
*Weighted average of 11 key items

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

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