U.S. lumber and panel market reports-20190531

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U.S. lumber and panel market reports

May 31, 2019

U.S.: Lumber and panel market report ---- Week 22 2019

Random Lengths Lumber Market Report

Mills idled by wildfires in Western Canada and expectations that more market- or resource-related shutdowns were coming in the region generated stronger sales and stemmed a steep downward slide in prices of Western S-P-F. Even so, prices in all framing lumber species faltered in the holiday-shortened week, leaving traders frustrated with a messy and oversupplied market. Prices of various random dimension and studs posted double-digit drops, and the Random Lengths Framing Lumber Composite Price slumped $10.

	This Week May 31	Last Week May 24	Year Ago 2018
Random Lengths Framing Lumber Composite Price*	$325	$335	$582
KD Western S-P-F #2&Btr 2x4 R/L Mill Price	286	302	655
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes	387	395	725
Green Douglas Fir Std&Btr 2x4 R/L (Portland)	310	317	605
Southern Pine (Westside) #2 2x4 R/L	347	362	602
KD Coast Hem-Fir #2&Btr 2x4 R/L	355	360	660
Ponderosa Pine (Inland) #2&Btr 1x12 R/L	860	860	770
* Weighted average of 15 key items

Random Lengths Panel Market Report

Lethargic sales weighed on structural panel prices in the holiday-shortened week. Prices of OSB softened, with mills in the South most vulnerable to discounts. Producers in that region sought trading levels to clear accumulations. Subdued demand coupled with a perception of an oversupplied market left some Southern Pine plywood prices soft. Western Fir plywood trading remained stuck in a rut. Availability of sheathing continued to outpace demand. Following the prior week’s declines, Canadian plywood prices rebounded in response to a wildfire in Slave Lake, Alberta.

(f.o.b. mill prices)	This Week May 31	Last Week May 24	Year Ago 2018
Random Lengths Structural Panel Composite Price*	$348	$350	$570
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood	360-395	360-395	547-580
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood	365-400	365-400	552-590
Western 1/2-inch 4-ply rated sheathing plywood	355	358	563
North Central 7/16-inch Oriented Strand Board	190	190	445
*Weighted average of 11 key items

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

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