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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: January 23, 2015.
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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.
January remained a bear in framing lumber markets. Prices continued to soften as measured demand and growing inventories prompted mills to take a more aggressive approach to sales. Most producers remained confident that their customers needed to buy, but were waiting for prices to find a bottom. A pickup in sales Wednesday had traders debating whether a bottom was at hand. With all key framing species giving ground, the Random Lengths Framing Lumber Composite Price fell $10, to $367.
|Random Lengths Framing Lumber Composite Price*||$367||$377||$404|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||312||321||376|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||418||430||471|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||305||310||400|
|Southern Pine (Westside) #2 2x4 R/L||440||456||448|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||335||342||404|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||665||665||805|
|* Weighted average of 15 key items|
Structural panel sales were lackluster. Prices of OSB slowly eroded across all producing zones, as supplies outstripped demand. Large, block deals were a rarity, but several producers had loads available for quick shipment. Southern Pine plywood sales were so-so for most producers. A few reported a mild pickup, helped by price concessions. Demand for western Fir plywood remained feeble, although pockets of activity emerged in the latter half of the week.
(f.o.b. mill prices)
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$379||$388||$360|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||430-460||443-470||360-395|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||430-460||445-475||360-395|
|Western 1/2-inch 4-ply rated sheathing plywood||395||410||365|
|North Central 7/16-inch Oriented Strand Board||197||202||222|
|*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
- Shippers of wood products out of West Coast ports grew more frustrated amid gridlock caused by a labor dispute between dockworkers and their employers. Meanwhile, truckers threatened another strike at Port Metro Vancouver.
- Two years after a European company announced plans to build two large sawmills in the South, one of those mills has started up, and the other is under construction.
- U.S. housing starts end 2014 on a high note, with the seasonally adjusted annual rate of starts topping the 1-million-unit threshold for the first time since 2007.