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Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: April 28, 2017.
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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.
Trading in framing lumber was nil, as buyers and sellers first awaited the preliminary determination in the countervailing duty case and then spent the rest of the week discerning its impact. Canadian producers and their customers were in a standoff. Trading at mills in the U.S. was slow, but generally more liquid. While Canadian mills’ first inclination to the CVD announcement was to raise prices, buyers took the opposite tack, noting that producers had sold little, if any, volume for May shipment.
|Random Lengths Framing Lumber Composite Price*||$435||$437||$350|
|KD Western S-P-F #2&Btr 2x4 R/L Mill Price||404||410||298|
|KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes||490||489||385|
|Green Douglas Fir Std&Btr 2x4 R/L (Portland)||395||395||327|
|Southern Pine (Westside) #2 2x4 R/L||495||502||427|
|KD Coast Hem-Fir #2&Btr 2x4 R/L||425||425||380|
|Ponderosa Pine (Inland) #2&Btr 1x12 R/L||665||655||695|
|* Weighted average of 15 key items|
Structural panel trading faded. OSB prices flattened at four-year highs across North America, and mill sales slowed to a crawl. With reported prices of 7/16-inch topping $300 in all producing regions, mills were content to hold to their quotes. The sales pace of recent weeks tapered off for many Southern Pine plywood mills amid buyer uncertainty about the market’s near-term direction. Western Fir plywood trading was steady, but slower than the previous week. Buyers stepped in only to cover basic necessities.
(f.o.b. mill prices)
|(f.o.b. mill prices)||This Week
|Random Lengths Structural Panel Composite Price*||$426||$426||$358|
|Southern (west-east) 15/32-inch 3-ply rated sheathing plywood||387-410||385-410||355-375|
|Southern (west-east) 15/32-inch 4-ply rated sheathing plywood||392-415||390-415||358-377|
|Western 1/2-inch 4-ply rated sheathing plywood||441||441||343|
|North Central 7/16-inch Oriented Strand Board||333||333||250|
|*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
- In a preliminary determination announced by the U.S. Department of Commerce, countervailing duties averaging 19.88% were levied against Canadian lumber exports to the U.S. This was the fifth CVD case filed in the longstanding lumber trade dispute between the two countries since 1982.
- Compensation Survey: Retail sales managers’ average earnings slipped in 2016, giving back a portion of the gains in compensation reported the previous year.
- North American structural panel production rose 4.4% in the first quarter of 2017 compared to the same quarter a year ago, APA - The Engineered Wood Association reported. Production for the quarter also increased 1.5% compared to the fourth quarter of 2016.