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    U.S. softwood and panel markets - Week 20

 

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U.S. softwood and panel markets - Week 20
19/05/2008 - 16:40

Framing lumber trading cooled considerably from prior weeks as secondaries and dealers stepped back to digest recent purchases. Carrying upward momentum from the previous week into early trading, prices of many items advanced, sometimes sharply, but gains subsided as the week progressed. Demand for Southern Pine -- the leader in the recent rally -- waned, but sales of radius-edge decking and timbers picked up. Elsewhere, mills approached the market from a position of strength.
 
Week
May 16
Week
May 9
Year Ago
2007
Random Lengths Framing Lumber Composite Price*
$283
$277
$286
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
238
233
253
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
305
297
315
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
275
260
265
Southern Pine (Westside) #2 2x4 R/L
331
321
280
KD Coast Hem-Fir Std&Btr 2x4 R/L
240
235
245
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
465
450
680
* Weighted average of 15 key items


Structural panel trading slowed. Supply-side pressure kept upward momentum on prices of OSB, but the pace of sales ebbed in the second half of the week in most producing zones. Southern Pine plywood markets flattened after seven weeks of steady gains. Carryover from last week provided enough momentum for producers to raise quotes early and sell at the higher levels. But sales stalled by midweek. Fir plywood sales lagged the robust pace of late April. Many mills sold less than output for the second week in a row.

(f.o.b. mill prices)
Week
May 16
Week
May 9
Year Ago
2007
Random Lengths Structural Panel Composite Price*
$322
$316
$298
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood
339-375
339-365
338-360
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
360-380
355-370
350-370
Western 1/2-inch 4-ply exterior sheathing plywood
348
348
338
North Central 7/16-inch Oriented Strand Board
185
177
150
*Weighted average of 11 key items
(Used with permission granted by Random Lenghts Publications, Inc.)
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