Traders discerned a modest pullback in framing lumber purchases, as more customers pushed back against placing new orders at record prices that often came with warnings of late shipments. Nonetheless, producers pushed quotes upward, as they sold enough volume to send order files well into or even through March. Gains in prices moderated in most species. But the Random Lengths Framing Lumber Composite Price jumped to $509, just $1 short of the all-time high set on December 30, 1993.
This Week Feb 23 |
Last Week Feb 16 |
Year Ago 2017 |
|
Random Lengths Framing Lumber Composite Price* | $509 | $500 | $410 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 540 | 527 | 385 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 619 | 609 | 449 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 600 | 595 | 370 |
Southern Pine (Westside) #2 2x4 R/L | 567 | 553 | 488 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 560 | 550 | 400 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 740 | 740 | 580 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Structural panel prices forged additional gains despite a slower sales pace. For the 10th consecutive week, prices of OSB marched higher, and double-digit increases have been posted five weeks in a row. Demand continued to outstrip supplies. Heavy rainfall and resistance to price levels led to a quieter week of sales in Southern Pine plywood markets. But mills managed to bump quotes higher and extend order files. Recent trends continued in western Fir plywood, with a slow trading pace at the start of the week turning steady by midweek.
(f.o.b. mill prices) | This Week Feb 23 |
Last Week Feb 16 |
Year Ago 2017 |
Random Lengths Structural Panel Composite Price* | $534 | $523 | $406 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 530-575 | 520-565 | 400-415 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 535-580 | 525-570 | 400-415 |
Western 1/2-inch 4-ply rated sheathing plywood | 549 | 544 | 412 |
North Central 7/16-inch Oriented Strand Board | 395 | 385 | 305 |
*Weighted average of 11 key items |