U.S.: Softwood and panel markets - Week 42, 2017

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At a time when framing lumber traders typically experience a seasonal slowdown, demand remained steady to active, and there was plenty of news to digest. Lower duty levels announced Thursday on Canadian exports to the U.S. sent the futures market plummeting through the day. But the announcement had little if any impact on the cash market. While not necessarily related to the trade issue, many prices finished the week on more solid footing.

  This Week
Nov 3
Last Week
Oct 27
Year Ago
2016
Random Lengths Framing Lumber Composite Price* $431 $433 $345
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 467 457 302
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 559 555 395
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 457 462 318
Southern Pine (Westside) #2 2x4 R/L 405 410 428
KD Coast Hem-Fir #2&Btr 2x4 R/L 475 470 327
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 725 720 640
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel prices plummeted. Price softness that began in earnest last week gained momentum in OSB, and deep cuts were reported in some regions. The sharpest discounts were reported in the South. Lean inventories and immediate needs kept a number of Southern Pine plywood buyers in the market, but most mills had to accept counters on rated sheathing to secure orders. Western Fir plywood sales slowed at the mill level. Delayed shipments caused havoc, as business in the field remained solid.

(f.o.b. mill prices) This Week
Nov 3
Last Week
Oct 27
Year Ago
2016
Random Lengths Structural Panel Composite Price* $509 $527 $366
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 475-520 495-520 350-380
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 480-525 500-525 355-383
Western 1/2-inch 4-ply rated sheathing plywood 482 500 344
North Central 7/16-inch Oriented Strand Board 440 455 287
*Weighted average of 11 key items

 

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