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U.S. Softwood and Panel Market Reports

October 20, 2008


U.S.: softwood and panel market report ---- Update Weekly
         

Buyers paid a bit more attention to their immediate framing lumber needs. However, they could hardly turn away from wild gyrations in the stock market and more unsettling financial news. Most prices finished the week lower, in some cases sharply down. Monday's surge in the stock market was a catalyst for an up-limit move in lumber futures. This sparked buying in Canadian S-P-F and some western species, but any momentum had largely fizzled by late Tuesday.


20081003-Framing_lumber.jpg (68086 bytes)

 


Week
Oct 17

Week
Oct 10

Year Ago
2007

Random Lengths Framing Lumber Composite Price*

$232

$240

$261

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

200

199

223

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

290

290

308

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

150

153

182
Southern Pine (Westside) #2 2x4 R/L

305

320

285

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

180

185

210

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

388

390

660

* Weighted average of 15 key items

 

Panel market

Structural panel demand faded. OSB trading quieted as the week progressed, and most prices flattened after registering modest early week gains. Most mills were booked into the week of October 27. A slowdown in consumption prompted some Southern Pine plywood mills on the westside to accept large price cuts to move volumes of sheathing. In western Fir plywood, an emotionally and financially draining business climate left dealers and distributors with no inclination to build inventories. Mills garnered scattered small orders in
mixed trucks, usually on mild counters.


20081003-Structural_Panel.jpg (47767 bytes)

 

 

(f.o.b. mill prices)

Week
Oct 17

Week
Oct 10

Year Ago
2007

Random Lengths Structural Panel Composite Price*

$290

$292

$299

Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood

295-300

300-310

340-365

Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood

296-305

300-315

345-365

Western 1/2-inch 4-ply exterior sheathing plywood 284
288

331

North Central 7/16-inch Oriented Strand Board 180

178

165

*Weighted average of 11 key items


 


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

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