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Price Guide Revisions

This section is updated periodically. Last update: April 4, 2022

Price Guide Revisions happen once a year. The most recent price guide revisions are at the top of this page.


Pricing Notice: Random Lengths wraps up open industry consultation, will move forward on one change to Random Lengths International price guide

EUGENE, OR, April 4, 2022 — Random Lengths has collected feedback from the industry on pricing methodologies for Random Lengths and Random Lengths International as part of its annual methodology review.

In addition to an open consultation, we proposed one change to the Random Lengths International Price Guide. That was to change the description of green Hemlock baby squares, c.&f. Japan, to kiln-dried stock. Industry feedback strongly emphasizes that little to no green stock is sold to Japan today; it is almost exclusively kiln-dried stock. We will move forward with the price guide change.

The annual open consultation allowed for industry feedback from February 14 through March 15. This annual review seeks to ensure that our methodologies reflect the physical market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies. This includes all elements of our pricing process, our price specifications, and publication frequency.

As part of the open consultation, we asked the industry specifically whether Random Lengths should add pricing for Southern Pine MSR. This marked the second straight consultation in which we asked whether to add Southern Pine MSR f.o.b. mill prices for 2400f 2x4 and 2x6 produced in the eastside zone. Production of SYP MSR has increased, with both of the above items competing with MSR grades of other species in certain regions, including the Midwest. There were several responses supportive of adding these prices. However, similar to last year, a majority of the feedback was negative toward the move, and we have decided not to add these prices.

We also asked the western veneer industry to provide feedback on whether any changes should be implemented in Random Lengths’ reporting of this market sector. Because it has been a source of various complaints from the industry over the years, we sought feedback on how our reporting should be changed to improve our coverage.

We received three responses, one suggesting elimination of Douglas Fir 1/10-inch veneer, while maintaining pricing of 1/8-inch. This suggestion was based on the opinion that there is not enough 1/10-inch veneer production to adequately report prices. The other two responses suggested that Random Lengths eliminate veneer pricing in its entirety.

One of these latter responses expressed the opinion that the veneer report “is no longer representative of the evolving marketplace for veneer, it does not adequately represent the largest volumes of products traded, it allows no discernment be-tween quality of material processed at competing veneer production facilities, and we do not believe there are enough independent market reporters between producers and purchasers that can provide an honest view of veneer pricing.”

While this feedback is taken under advisement, we believe the veneer report today — both in 1/10-inch and in its entirety — still provides basic benchmark pricing representative of the market, and that there are adequate numbers of producers and purchasers to fairly and adequately track price trends. We will continue to report the veneer market, while remaining open to input on our coverage.

Various single responses addressing other matters were received, but are too numerous to be republished here.

For comments and queries, please email: pricing.risi@fastmarkets.com.

You can find the current methodology for Random Lengths and Random Lengths International here: www.risiinfo.com/approach/methodology/price-assessment-methodology/.

For other Random Lengths Pricing Notices, please see: www.rlpi.com/Pricing-Notices.

For more information on Random Lengths assessment methodology, please see: www.rlpi.com/Methodology.

Revised documents for spreadsheet and database subscribers to prepare for price guide changes are below.

  • The revised Random Lengths Price Label Key in Spreadsheet format - RL_Tags.xls
    Available to download (or Save As) and view.
  • The revised Random Lengths Price Item Code Key in PDF format - RL_Tags.pdf
    For Adobe Reader, is also available to download (or Save As) and view.

 


August 2021 Price Guide Revision

Pricing Notice: Random Lengths International to Retire Brazilian Plywood Prices - Spec_072621.pdf


EUGENE, OR, July 26, 2021 — Random Lengths International will move forward with its proposal to retire seven price assessments of Brazilian plywood exported to the U.S. The prices are published in both U.S. dollars per 1,000 square feet and in U.S. dollars per cubic meter, f.o.b. truck, U.S. Gulf and East Coast ports.


We have determined that buyers and sellers of Brazilian plywood exported to the U.S. now base prices off the published prices of Southern Pine plywood, f.o.b. U.S. mill. As a result, sources reporting prices and information for this segment of the U.S. import market have declined to the point that assessing these prices is no longer possible.


Several comments were received in favor of this series of prices being retained. But given an inability to convert those commenters and other sources to committed data providers, we have decided to proceed with the retirement of the prices. This change will be effective with the August 11, 2021, issue of Random Lengths International.

For comments and queries, please email: pricing.risi@fastmarkets.com

For other Random Lengths Pricing Notices, please see: http://www.rlpi.com/Pricing-Notices/

For more information on Random Lengths assessment methodology, please see: http://www.rlpi.com/Methodology/

Pricing Notice: Random Lengths International to Retire Brazilian Plywood Prices - Spec_072621.pdf

 


May 2021 Price Guide Revision

Pricing Notice: Random Lengths wrapping up open industry consultation, will move forward on a few changes to price guide - Spec_040521.pdf

EUGENE, OR, April 5, 2021 — Random Lengths has collected feedback from the industry on pricing methodologies for Random Lengths and Random Lengths International as part of its annual methodology review process.

In addition to an open consultation, we proposed back in February to add two Southern Pine MSR prices to the Lumber Price Guide, clarify a footnote in the shop and Mldg&Btr section of the lumber guide, and add a footnote to the Canadian plywood section of the Panel Price Guide.

We have decided based on industry feedback that we will not at this time add the Southern Pine MSR prices to the lumber guide. These prices would have reflected f.o.b. mill prices for 2400f 2x4 and 2x6 produced in the eastside zone. Industry feedback was mostly against or ambivalent toward reporting these prices, so we have decided to table the proposal.

We will, however, follow through on the other proposals. In the shop and Mldg&Btr section of the Lumber Market Report, we will clarify a footnote for Ponderosa Pine Moulding 1-5/16-inch (LCSD) and 1-9/16-inch (LCSE), indicating that reported prices for loadings of these items do not include 15-20% C&Btr. In the Panel Market Report, in the Canadian plywood section, we will add a footnoted adder for tongue-and-groove finishing for Spruce plywood (PASV), similar to the current footnote under the block of Canadian Douglas Fir plywood prices.

Price guide changes will take effect Thursday, May 6, 2021, for the Lumber Market Report, and Friday, May 7, 2021, for the Panel Market Report.

The open consultation allowed for industry feedback through March 15. This annual review seeks to ensure that our methodologies reflect the physical market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies. This includes all elements of our pricing process, our price specifications, and publication frequency.

The feedback we received included one submission in favor of adding Southern Pine MSR and Dense Select Structural prices to the lumber guide. This was the only submission in favor of reporting MSR prices. Going forward, if the industry shows more support for reporting SYP MSR prices we will revisit the issue.

Another recommendation was to add specified prices for dry Douglas Fir #2&Btr 2x4-2x12 framing. We have received similar recommendations in the past, and if the industry shows more support going forward we will revisit this proposal.

Several subscribers expressed frustration that Random Lengths publication prices often lag the market, especially given the historic volatility of markets recently. This has been an issue for many decades in fast-rising or fast-falling markets. Prices published weekly in Random Lengths reflect our assessment of the market at the time of publication but cannot and should not take into account price movements thereafter which can change from day to day, and even hour to hour.

Also, some subscribers who recently have been unable to find supplies of lumber and structural panels in the volumes they need have reportedly been paying major premiums in the secondary market. In the absence of robust open-market trading at the mill level, this has led to suggestions that Random Lengths adjust its methodology to reflect pricing at the secondary level.

Adding secondary market transactions would represent a major change in methodology and would have a significant impact on existing assessment levels. Coverage of secondary market transactions would most likely require the launch of new assessments. We will continue to monitor this situation closely.

For comments and queries, please email: pricing.risi@fastmarkets.com

For other Random Lengths Pricing Notices, please see:

http://www.rlpi.com/Pricing-Notices/

For more information on Random Lengths assessment methodology, please see:

http://www.rlpi.com/Methodology/

Pricing Notice: Random Lengths wrapping up open industry consultation, will move forward on a few changes to price guide - Spec_040521.pdf

 


April 2020 Price Guide Revision

Coverage Note: Random Lengths to report AG 2x4 8-foot prices

EUGENE, OR, March 2, 2020 - Random Lengths has made final its decision on reporting Appearance Grade 2x4 8-foot in certain species. Effective with the April 3, 2020 issue, prices of Appearance Grade 2x4 8-foot in Western S-P-F, Coast dry Douglas Fir, and Inland Hem-Fir will be added to the stud section on page 5 of the 14-page weekly report. This product will reflect premium grade stock, allowing for limited pencil wane.

These prices are being added after an extensive industry consultation found that a majority of the industry wants benchmark pricing for this sector of the market. An initial proposal to include Eastern S-P-F was dropped, after finding there was insufficient support from the industry to track this product in this species.

We would like to thank all who commented on these proposed changes both verbally and in writing.

For comments and queries, please email: pricing.risi@fastmarkets.com

For other Random Lengths Coverage Notes please see:

http://www.rlpi.com/Coverage-Notes/

For more information on Random Lengths assessment methodology, please see:

http://www.rlpi.com/Methodology/

COVERAGE NOTE:Random Lengths to report AG 2x4 8-foot prices - March 2, 2020


October 2019 Price Guide Revision

COVERAGE NOTE: Proposed Changes Finalized for Price Guides in Random Lengths, Random Lengths International

EUGENE, OR, [August 22, 2019] - After seeking industry feedback since mid-July on several changes or additions to the Random Lengths and Random Lengths International lumber and panel price guides, all changes as proposed will be implemented. These changes take effect with the October 1, 2019, issue of Midweek, the October 4, 2019, issue of Random Lengths, and the October 2, 2019, issue of Random Lengths International.

Random Lengths will add the price for Canadian Spruce Plywood 3/8-inch delivered Toronto to the structural panel section of Midweek. This is an addition widely requested by the industry since Random Lengths and Crow's merged in April of this year.

On page 13 of the 14-page weekly report, Canadian OSB prices currently shown as delivered to Saskatchewan, Manitoba, and Atlantic will reflect Regina, Winnipeg, and Moncton, N.B., respectively, as the delivery points. Added to the guide will be delivered prices to Halifax, Nova Scotia. These changes will make the price grid for Canadian OSB delivery points consistent with that of Canadian plywood sheathing.

In the lumber price guide, deduct prices for Western S-P-F Std&Btr 2x4 random dimension, found in footnotes on pages 5 and 6 of the weekly newsletter, will be retired. The deduct is from the published #2&Btr price. Industry feedback to date indicates there are no longer Western S-P-F mills grade stamping 2x4 random dimension as Std&Btr.

In Random Lengths International, changes in production over the years have necessitated a change in the description of Douglas Fir 4-1/8x4-1/8 baby squares from green to kiln-dried stock. Industry feedback indicates almost all production of baby squares is now kiln dried.

To all who commented on these proposed changes, both verbally and in writing, your feedback has been helpful, and much appreciated.

For other Random Lengths Coverage Notes please see:

http://www.rlpi.com/Coverage-Notes/

For more information on Random Lengths assessment methodology, please see:

http://www.rlpi.com/Methodology/

COVERAGE NOTE: Proposed Changes Finalized for Price Guides in Random Lengths, Random Lengths International - August 22, 2019

 

Monday, September 26, 2022