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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: October 21, 2016.
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This report contains brief excerpts from our full 12-page newsletter, which includes prices of more than 1,600 lumber and panel items, plus detailed summaries of market activity. Contact Random Lengths for a free sample issue.
Many framing lumber prices eroded in sluggish trading. Producers lowered quotes on #2&Btr offerings and opened to counters to generate orders. Some stayed out of the fray on the strength of order files extending through October. By many accounts, October was turning out to be a disappointment after September failed to meet expectations. With key prices in most species working lower, the Random Lengths Framing Lumber Composite Price posted a $2 drop, its first decline in five weeks.
|Random Lengths Framing Lumber Composite Price*||$356||$358||$316|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||318||325||262|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||409||415||358|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||330||332||298|
|Southern Pine (Westside) #2 2x4 R/L||434||434||371|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||330||330||300|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||655||665||660|
|* Weighted average of 15 key items|
Structural panel trading lacked urgency. OSB prices drifted sideways in most producing regions amid a modest week of sales. The exception was Western Canada and delivered markets in the Pacific Northwest, where producers accepted counters to push order files into November. Southern Pine plywood sales slowed at the mill level and prices flattened. Much of the week’s activity focused on shipments. Western Fir sheathing sales slowed, and traders sensed that supply was outpacing demand. East Coast markets were particularly quiet.
(f.o.b. mill prices)
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$376||$377||$358|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||367-385||365-385||365-398|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||373-400||370-400||368-400|
|Western 1/2-inch 4-ply rated sheathing plywood||365||378||367|
|North Central 7/16-inch Oriented Strand Board||287||287||238|
|*Weighted average of 11 key items|
Below are headlines of recent articles in the "Through A Knothole" section of our full 12-page newsletter, featuring articles of interest to the industry, including production/price trends, market analysis, trade issues, timber supplies, and much more. Contact Random Lengths for a free sample issue.
This Week in the "Through a Knothole" Section of Random Lengths
- Traders in both the U.S. and Canada widely anticipate that duties of 25-30% or higher will be heaped on Canadian producers exporting softwood lumber to the U.S. However, there is scant historical precedent for duties that high.
- Various factors have combined to push the Western Plywood Composite Price to an historically large premium to the Southern Pine Plywood Composite.
- Increased capacity among melamine manufacturers in North America has helped to absorb an increased supply of raw particleboard.
- Weakness in the multifamily sector drove a 9% decline last month in the seasonally adjusted annual rate of housing starts in the U.S.