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U.S. lumber and panel market reports

August 01, 2011


U.S.: Lumber and panel market report ---- Week 30,2011

Framing lumber trading was cautious, but steady to active at times. Buyers continued to purchase as inventory holes developed, but little more. Thinning supplies in the field fed a flow of one-for-one replacement buying that kept the market liquid, but volume limited. Traders sensed at least some of their customers were cautious and underbought. Southern Pine sales set a faster pace, although it diminished as the week progressed. The Random Lengths Framing Lumber Composite Price edged up another $2, led by gains in SYP.

Week
Jul 29

Week
Jul 22

Year Ago
2010
Random Lengths Framing Lumber Composite Price*
$273
$271
$250
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
256
258
218
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
339
340
325
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
248
253
175
Southern Pine (Westside) #2 2x4 R/L
272
265
239
KD Coast Hem-Fir Std&Btr 2x4 R/L
277
280
230
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
550
555
580
* Weighted average of 15 key items

Structural panel sales kicked into a higher gear. Reduced production and thin field inventories prompted OSB buyers to step up their purchasing, and some regions posted their first double-digit price increases in months. A stronger trading pace from Wednesday on allowed Southern Pine plywood producers to first firm then raise prices. Sales of western Fir sheathing maintained the momentum of last week and built up through Friday morning, leading to the strongest price increases of the year.


(f.o.b. mill prices)
Week
Jul 29
Week
Jul 22

Year Ago
2010
Random Lengths Structural Panel Composite Price*
$284
$276
$308
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 287-317
285-315
325-345
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
295-325
290-320
330-350
Western 1/2-inch 4-ply exterior sheathing plywood 307
283
325
North Central 7/16-inch Oriented Strand Board 178
167
180
*Weighted average of 11 key items



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

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