Many framing lumber prices showed more stability after steep double-digit losses the previous two weeks. However, while some prices firmed, and even bounced off a bottom, a number of trends continued to point downward. Weakness was unabated in Southern Pine in particular, as buyers failed to absorb ample mill offerings. Losses in key commodities overall well outnumbered any gains, and the Random Lengths Framing Lumber Composite Price shed $7, a third straight weekly decline.
This Week Jun 29 |
Last Week Jun 22 |
Year Ago 2017 |
|
Random Lengths Framing Lumber Composite Price* | $547 | $554 | $397 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 590 | 582 | 374 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 680 | 686 | 470 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 565 | 560 | 425 |
Southern Pine (Westside) #2 2x4 R/L | 544 | 568 | 388 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 600 | 615 | 400 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 775 | 770 | 700 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Prices of structural panels softened, led by steep declines in OSB. Mills took a more aggressive approach to OSB sales at quarter-end, and prices of sheathing tumbled $20-40 in most regions. Weakness in the West bled into the South, where producers opened to deeper counters. Another week of subdued trading in Southern Pine plywood led some producers to negotiate steeper cuts, and rated sheathing prices dropped as much as $20. One western Fir producer took steeper discounts to sell volume east.
(f.o.b. mill prices) | This Week Jun 29 |
Last Week Jun 22 |
Year Ago 2017 |
Random Lengths Structural Panel Composite Price* | $553 | $565 | $420 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 510-545 | 530-565 | 355-380 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 515-550 | 535-570 | 360-385 |
Western 1/2-inch 4-ply rated sheathing plywood | 547 | 567 | 460 |
North Central 7/16-inch Oriented Strand Board | 445 | 445 | 345 |
*Weighted average of 11 key items |