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U.S. lumber and panel market reports

 October 12, 2018

U.S.: Lumber and panel market report ---- Week 41 2018
Random Lengths Lumber Market Report

Framing lumber prices continued to tumble, as supplies easily outpaced demand across North America. Fear of downside risk kept most buyers on the sidelines, and the Random Lengths Framing Lumber Composite Price fell by double digits for the fifth consecutive week. The composite price fell $16 to $373, its lowest level since February 2017. A limit-down move in the November futures contract Thursday, and back-to-back days of plunging prices on the stock market gave buyers additional reasons for caution.




  This Week
Oct 12
Last Week
Oct 5
Year Ago
Random Lengths Framing Lumber Composite Price* $373 $389 $440
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 332 342 443
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 422 445 550
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 285 310 470
Southern Pine (Westside) #2 2x4 R/L 472 487 427
KD Coast Hem-Fir #2&Btr 2x4 R/L 335 355 467
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 775 775 700
* Weighted average of 15 key items




Random Lengths Panel Market Report

Structural panel prices plunged by double digits despite Hurricane Michael slamming the Florida Panhandle. Traders lamented that a storm that strong, category 4, historically pulls buyers into the market seeking near-term coverage. OSB sheathing prices fell $20-30 across North America. A number of buyers were still working down inventory purchased in preparation of Hurricane Florence last month. Subdued sales persisted in Southern Pine plywood despite the storm. Western Fir plywood trading remained slow, as recent trends persisted. 




(f.o.b. mill prices) This Week
Oct 12
Last Week
Oct 5
Year Ago
Random Lengths Structural Panel Composite Price* $429 $448 $538
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 425-465 445-490 507-528
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 430-470 450-495 512-530
Western 1/2-inch 4-ply rated sheathing plywood 420 447 525
North Central 7/16-inch Oriented Strand Board 290 310 455
*Weighted average of 11 key items



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


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