Framing lumber prices in the US reached further record-highs during last week, as robust seasonal demand overwhelmed supplies. Steep double-digit price hikes were the rule in all species, with buyers and sellers acknowledging that this run was unprecedented. Producers’ attempts to dissuade buyers with sharply higher quotes typically failed, as buyers stepped up and readily paid those asking levels. The Random Lengths Framing Lumber Composite Price skyrocketed $25 for the week to a record $568.
Week May 18 |
Week May 11 |
Year Ago 2017 |
|
Random Lengths Framing Lumber Composite Price* | $568 | $543 | $409 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 647 | 619 | 380 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 716 | 676 | 472 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 595 | 563 | 392 |
Southern Pine (Westside) #2 2x4 R/L | 593 | 581 | 442 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 645 | 615 | 415 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 760 | 760 | 690 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Structural panel prices climbed higher amid steady trading and tight supplies. Sparse mill offerings pushed OSB sheathing prices up by double digits across North America.
Producers raised quotes throughout the week, while extending order files primarily into the week of June 11. Moderate upward price momentum persisted in Southern Pine plywood amid steady demand from buyers addressing immediate needs.
Steady trading with an uptick on Wednesday gave the western Fir plywood market a buoyant tone.
(f.o.b. mill prices) | Week May 18 |
Week May 11 |
Year Ago 2017 |
Random Lengths Structural Panel Composite Price* | $557 | $545 | $412 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 540-575 | 530-570 | 360-385 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 545-580 | 535-575 | 365-390 |
Western 1/2-inch 4-ply rated sheathing plywood | 547 | 538 | 411 |
North Central 7/16-inch Oriented Strand Board | 430 | 415 | 330 |
*Weighted average of 11 key items |