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Random Lengths

Updated every Friday afternoon at 2:00 pm (Pacific Time). Last update: March 24, 2017.

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Random Lengths Lumber and Panel Market Report

Go to: Lumber Report |Panel Report | Industry News in Through a Knothole

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.

Random Lengths Lumber Market Report

While lagging the pace of the February run, trading in framing lumber picked up, giving mills enough business to extend order files and raise prices. Trading in Southern Pine, a laggard in recent weeks compared to other species, kicked into a higher gear. Double-digit discounting seen in previous weeks dried up, as secondaries stepped in amid increased inquiries from large retail chains. An early week jump in futures helped prime a steady flow of sales at Canadian S-P-F mills. The Random Lengths Framing Lumber Composite Price posted a $2 gain to finish at $398.

  This Week
Mar 24
Last Week
Mar 17
Year Ago
2016
Random Lengths Framing Lumber Composite Price* $398 $396 $340
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 360 352 303
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 442 434 378
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 372 367 332
Southern Pine (Westside) #2 2x4 R/L 467 475 387
KD Coast Hem-Fir #2&Btr 2x4 R/L 395 387 352
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 615 605 675
* Weighted average of 15 key items

 

Random Lengths Framing Lumber Composite Graph

 

Random Lengths Panel Market Report

Structural panel trading was mixed. After a quiet start to the week, OSB sales picked up and allowed producers to hold quotes close to last week’s reported levels. Small increases were reported in the North Central, Southeast, and Mid-Atlantic regions. A number of Southern Pine plywood mills took hefty discounts on rated sheathing as trading started the week on a slow crawl. Lower asking levels generated more sales. A steady week of sales developed in western Fir plywood, as buyers stepped in to cover immediate needs.

(f.o.b. mill prices)

(f.o.b. mill prices) This Week
Mar 24
Last Week
Mar 17
Year Ago
2016
Random Lengths Structural Panel Composite Price* $399 $402 $354
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 365-395 380-405 373-397
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 365-400 380-410 375-400
Western 1/2-inch 4-ply rated sheathing plywood 405 398 358
North Central 7/16-inch Oriented Strand Board 308 305 225
*Weighted average of 11 key items

 

 


 

Industry News In "Through A Knothole"

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

  • The preliminary determination in the countervailing duty case against Canadian lumber shipments to the U.S. is now just a month away, and any formal negotiations between the two countries in hopes of reaching a new agreement have yet to materialize.
  • When the potential for countervailing and anti-dumping duties on shipments to the U.S. became clear last November, strategies thrown out by Canadian Eastern S-P-F producers ranged from no changes to no shipping across the border. As decisions on the duties move closer to reality, the solution for many will likely be found somewhere in between.
  • The Southern Pine Plywood Composite Price has been falling precipitously since a historically high yearly average of $590 in 2014, after the housing market recovered from the Great Recession. The surge in panel prices in February was the sharpest monthly increase since then and traders indicate it might mark the end of the free fall.
  • Revisions to U.S. import data released March 15 by the U.S. Census Bureau have resolved a months-long discrepancy in statistical reports measuring Canadian softwood lumber exports to the U.S.
  • The U.S. International Trade Commission has postponed a scheduled preliminary determination of its antidumping duty investigation associated with hardwood plywood imports from China by 50 days.
Monday, March 27, 2017

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