U.S.: Softwood and panel markets - Week 12, 2019

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Framing lumber sales were inconsistent and price trends mixed, leaving buyers and sellers uncertain about the market’s near-term prospects. Many continued to cite weather as the primary culprit holding back a more active pace, with recent wintry conditions giving way to flooding in parts of the Midwest. Trading was also affected by a number of trade shows and conventions that had buyers and sellers traveling and working from their cell phones. The Random Lengths Framing Lumber Composite Price slipped $1.

  Week
Mar 22
Week
Mar 15
Year Ago
2018
Random Lengths Framing Lumber Composite Price* $361 $362 $491
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 368 382 503
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 445 445 600
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 302 298 525
Southern Pine (Westside) #2 2x4 R/L 405 405 589
KD Coast Hem-Fir #2&Btr 2x4 R/L 393 390 530
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 855 840 745
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel sales lacked urgency as warmer weather failed to energize the market. Improving weather in some key consuming regions had yet to translate to a pickup in OSB sales, and prices eroded. Small discounts were available across northern producing regions. Consecutive days of warm and dry weather boosted confidence in the Southern Pine plywood market. However, sales were mixed amid uneven demand. Western Fir plywood trading was dull in all regions, but especially on the East Coast.

(f.o.b. mill prices) Week
Mar 22
Week
Mar 15
Year Ago
2018
Random Lengths Structural Panel Composite Price* $374 $377 $540
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 392-407 392-407 525-570
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 397-420 397-420 530-575
Western 1/2-inch 4-ply rated sheathing plywood 367 368 528
North Central 7/16-inch Oriented Strand Board 210 215 405
*Weighted average of 11 key items
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