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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: February 20, 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.
Sales were tough to come by, and the goal of many framing lumber traders was simply to make it through the week. Calls to traders in the eastern half of the U.S. were likely to turn into a discussion of the weather. Whether it was sub-zero temperatures in the northern tier of the continent, snow along the Eastern Seaboard, or record-breaking lows in parts of the South, lumber trading took a back seat. Weakness crept into key market segments, and the Random Lengths Framing Lumber Composite fell $5, to $357.
|Random Lengths Framing Lumber Composite Price*||$357||$362||$387|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||313||319||366|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||418||423||455|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||317||317||390|
|Southern Pine (Westside) #2 2x4 R/L||420||428||422|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||330||332||398|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||665||665||765|
|* Weighted average of 15 key items|
Structural panel trading lacked energy. Weather remained the focal point of the OSB market. Prices were flat in most regions amid a dichotomous weather pattern across North America. The Southern Pine plywood sales pace moderated in comparison with previous weeks, but price still carried some upward momentum. Weather shut the door on demand from the Mid-Atlantic north and across much of the Midwest. Quiet trading prevailed through the week at western Fir plywood mills, and prices were flat to off slightly.
(f.o.b. mill prices)
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$381||$382||$363|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||440-490||440-480||370-405|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||445-500||445-490||375-407|
|Western 1/2-inch 4-ply rated sheathing plywood||413||418||383|
|North Central 7/16-inch Oriented Strand Board||195||195||215|
|*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
- Comment: It’s high time the two sides in the West Coast port standoff hammer out an agreement and get cargo moving as it should.
- Longer-length structural panels are growing in popularity, in step with the growing trend toward 9- and 10-foot studs.
- U.S. housing starts edged down in January, driven by a sharp drop in the Midwest. Permits also slipped.
- Publicly traded forest products companies mostly turned in solid financial results in 2014. OSB manufacturers were the major exception.