Sales of framing lumber continued to lag production, as supply-demand imbalances were noted across the spectrum of the distribution system. Prices sagged in most species, grades, and widths. Buyers reported some encouraging signs in end-use markets, but ample supplies in the secondary market resulted in a lack of orders reaching back to the mill level. Prices continued to erode, and the Random Lengths Framing Lumber Composite Price fell for a seventh straight week.
This Week Apr 12 |
Last Week Apr 5 |
Year Ago 2018 |
|
Random Lengths Framing Lumber Composite Price* | $353 | $358 | $494 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 328 | 341 | 546 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 427 | 440 | 620 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 290 | 302 | 540 |
Southern Pine (Westside) #2 2x4 R/L | 405 | 405 | 554 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 375 | 390 | 547 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 860 | 860 | 755 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Structural panel sales were a grind, and prices faded. The weather-induced malaise that has bedeviled the OSB market for most of 2019 remained intact. In Southern Pine plywood markets, reported prices of rated sheathing eroded amid steady trading that failed to move beyond buyers covering immediate needs. Pressure on western Fir plywood producers to sell sheathing into a market lacking demand persisted. Most Canadian plywood producers experienced little interest from customers.
(f.o.b. mill prices) | This Week Apr 12 |
Last Week Apr 5 |
Year Ago 2018 |
Random Lengths Structural Panel Composite Price* | $361 | $366 | $528 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 375-403 | 380-403 | 490-540 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 380-415 | 385-415 | 495-545 |
Western 1/2-inch 4-ply rated sheathing plywood | 362 | 364 | 521 |
North Central 7/16-inch Oriented Strand Board | 190 | 200 | 405 |
*Weighted average of 11 key items |