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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: April 18, 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 prices were narrowly mixed in uninspiring trading. Upward moves in prices resulted in large part from limited follow-through to the previous week’s action. Most of that activity came ahead of a general slowdown on Thursday, as expectations for the latter half of the week were low given Easter observances and a number of offices scheduled to be closed on Good Friday. Modest gains in some species were offset by losses in others, and the Random Lengths Framing Lumber Composite held at $362.
|Random Lengths Framing Lumber Composite Price*||$362||$362||$434|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||334||336||374|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||435||440||477|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||335||327||360|
|Southern Pine (Westside) #2 2x4 R/L||370||373||470|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||388||388||420|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||735||730||630|
|* Weighted average of 15 key items|
Structural panel trends were mixed. The tone of trading improved in OSB; mills reported selling anywhere from a little to a lot more volume than they had in the past few weeks. Southern Pine plywood sales moderated in the wake of last week’s strong finish. Mills nevertheless sold enough to maintain solid two-week order files, and a few were booked into the week of May 5. Western Fir plywood traders reported uneven sales, and the overall pace lagged what they saw last week.
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$359||$354||$509|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||378-410||368-400||505-532|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||378-417||368-400||510-545|
|Western 1/2-inch 4-ply rated sheathing plywood||387||382||480|
|North Central 7/16-inch Oriented Strand Board||210||205||405|
|*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
- Compensation Survey, Part 2: Average compensation for wholesale/distribution managers in the wood products industry hardly budged in 2013, but respondents to an annual Random Lengths survey expect a bigger push in 2014.
- The harsh winter that has gotten home building off to a slower-than-expected start and continued headwinds in mortgage finance have analysts lowering their projections for U.S. housing starts this year.
- A slowdown in construction and tightening credit in China are lowering expectations for North American exports of wood products to this key offshore market.
- They say things are always big in Texas, and when it comes to the economic and housing recoveries, the Lone Star State appears to be outsizing all others.