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U.S. lumber and panel market reports

July 04, 2011


U.S.: Lumber and panel market report ---- Week 26,2011

The framing lumber market hit the long midyear weekend in the U.S. and Canada with mostly firm to higher prices. Sales were by many accounts better than expected. Distributors replenished thin inventories bled down through what was a disappointing second quarter. Meanwhile, overall demand was judged to be a tad better, as more seasonal weather aided consumption. In Southern Pine, random dimension prices were narrowly mixed, with decent demand noted from the Northeast.


Week
Jul 1

Week
Jun 24

Year Ago
2010
Random Lengths Framing Lumber Composite Price*
$264
$262
$248
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
247
237
206
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
332
329
305
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
260
260
200
Southern Pine (Westside) #2 2x4 R/L
255
257
264
KD Coast Hem-Fir Std&Btr 2x4 R/L
280
278
223
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
580
590
645
* Weighted average of 15 key items


Structural panel trading lacked energy. OSB traders searched for reasons to feel optimistic about the market, but came up with little. Most described demand as stagnant, and a few mills opened to small price concessions. Southern Pine plywood traders' attention was drawn to the eastside, where rated sheathing was available from one plant at deep discounts. Other producers were rarely willing to accept double-digit counters. Facing uneventful sales and shrinking order files, western Fir plywood producers invited counters as the week progressed.


(f.o.b. mill prices)
Week
Jul 1
Week
Jun 24

Year Ago
2010
Random Lengths Structural Panel Composite Price*
$279
$281
$330
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 285-310
285-310
357-368
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
288-310
288-317
358-380
Western 1/2-inch 4-ply exterior sheathing plywood 285
288
332
North Central 7/16-inch Oriented Strand Board 177
182
207
*Weighted average of 11 key items



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

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