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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: October 31, 2014.
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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.
Framing lumber trading was subdued as October drew to a close. Many buyers said they were limiting purchases and adhering to the adage “to be lean by Halloween.” Some were determined to avoid any late-year missteps that would undermine what has been a profitable year. With month-end discounting and producers opening to counters or trimming quotes to sell production, the general trend in prices tilted downward. The Random Lengths Framing Lumber Composite Price slipped for a second straight week.
|Random Lengths Framing Lumber Composite Price*||$377||$381||$389|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||340||343||381|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||438||441||474|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||312||315||332|
|Southern Pine (Westside) #2 2x4 R/L||428||433||414|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||352||360||380|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||675||675||790|
|* Weighted average of 15 key items|
Structural panel prices showed mild shifts amid lackluster trading. Following modest upticks the past couple weeks, prices of OSB flattened at the end of October. Most buyers reported that they had covered their near-term needs and returned to the sidelines. Southern Pine plywood sales plodded along, and prices were flat or showed modest adjustments. Western Fir plywood mills quoted last week’s published levels, but most opened to counters on sheathing to extend order files in the face of spotty sales.
(f.o.b. mill prices)
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$414||$414||$369|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||461-515||455-515||360-385|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||482-518||482-518||360-385|
|Western 1/2-inch 4-ply rated sheathing plywood||473||480||377|
|North Central 7/16-inch Oriented Strand Board||222||222||255|
|*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
- With multifamily housing production recovering to pre-crisis levels, analysts are debating whether the sector is getting overbuilt.
- Chinese imports of softwood lumber through September were on a record pace, with gains for the year being led by deliveries from Russia.
- The Eastern S-P-F chip glut of 2013 has corrected, with some sources even calling supplies tight. But analysts say the region still faces chip market problems in the years ahead.