Following a measured start to trading, framing lumber sales picked up after midweek, and many key prices continued for forge higher. More price records fell, while many other prices having already far surpassed previous highs moved higher still. Despite a growing sense of angst among customers, many secondaries extended their long positions, seeing little downside risk in the near term. The Random Lengths Framing Lumber Composite Price hit the $500 mark, closing in on its all-time high of $510.
This Week Feb 16 |
Last Week Feb 9 |
Year Ago 2017 |
|
Random Lengths Framing Lumber Composite Price* | $500 | $492 | $405 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 527 | 516 | 389 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 609 | 601 | 447 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 595 | 580 | 370 |
Southern Pine (Westside) #2 2x4 R/L | 553 | 541 | 476 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 550 | 545 | 400 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 740 | 735 | 570 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Structural panel trading eased compared to the pace evident in recent weeks. Prices, however, continued to climb on tight supplies. Mill sales of OSB remained limited due to a number of producers staying off the market with extended order files. Southern Pine plywood trading was steady for much of the week, but lagged the pace of late. Mills, however, noted sales picked up Friday morning, which led some to bump quotes. Western Fir plywood trading was steady but unspectacular for much of the week before finding another gear Thursday.
(f.o.b. mill prices) | This Week Feb 16 |
Last Week Feb 9 |
Year Ago 2017 |
Random Lengths Structural Panel Composite Price* | $523 | $512 | $401 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 520-565 | 510-555 | 395-410 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 525-570 | 515-560 | 395-410 |
Western 1/2-inch 4-ply rated sheathing plywood | 544 | 540 | 409 |
North Central 7/16-inch Oriented Strand Board | 385 | 375 | 302 |
*Weighted average of 11 key items |