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U.S. lumber and panel market reports

August 24, 2011


U.S.: Lumber and panel market report ---- Week 33,2011

Traders reported a continued slow grind in framing lumber markets, and mills struggled to match sales with production. Prices weakened across all regions and species. The week's dismal global and domestic economic news, including a weak U.S. housing report and yet another sharp sell-off on Wall Street Thursday, set a negative tone as the week wound down. Futures reacted Thursday with a limit-down move. Summer heat and back-to-school distractions were cited as additional factors in the South.



Week
Aug 19

Week
Aug 12

Year Ago
2010
Random Lengths Framing Lumber Composite Price*
$262
$267
$244
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
225
230
224
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
318
323
313
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
245
250
195
Southern Pine (Westside) #2 2x4 R/L
268
276
228
KD Coast Hem-Fir Std&Btr 2x4 R/L
260
265
223
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
535
538
525
* Weighted average of 15 key items

Structural panel sales slowed to a crawl. Demand for OSB was muted, and prices finished flat or down. A few mills still had loads available to ship next week, but most were booked into the week of August 29 or September 5. Another very slow week in Southern Pine plywood forced some producers to seek orders for their rated sheathing output, usually by opening to counters. Western Fir plywood traders waited patiently as a stagnant pace lingered. Mill order files for sheathing stalled in the week of August 29.


(f.o.b. mill prices)
Week
Aug 19
Week
Aug 12

Year Ago
2010
Random Lengths Structural Panel Composite Price*
$288
$289
$293
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 282-315
284-320
305-320
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
290-320
293-325
312-325
Western 1/2-inch 4-ply exterior sheathing plywood 312
312
295
North Central 7/16-inch Oriented Strand Board 195
195
175
*Weighted average of 11 key items



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

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