Prices of framing lumber held to a firm to upward path, as more buyers shed expectations for further downside that recently followed the February spike. Many traders reported finishing one of their best first quarters in years, amid a high degree of anxiety that stemmed from the U.S.-Canada trade issue, timber supply constraints, and transportation issues, among others. A number of traders were out of their offices, and the level of activity surprised many traders.
| This Week Mar 31 |
Last Week Mar 24 |
Year Ago 2016 |
|
| Random Lengths Framing Lumber Composite Price* | $402 | $398 | $345 |
| KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 361 | 360 | 309 |
| KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 445 | 442 | 388 |
| Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 372 | 372 | 337 |
| Southern Pine (Westside) #2 2x4 R/L | 470 | 467 | 393 |
| KD Coast Hem-Fir #2&Btr 2x4 R/L | 400 | 395 | 370 |
| Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 625 | 615 | 680 |
| * Weighted average of 15 key items | |||
Random Lengths Panel Market Report
Structural panel prices were firm to higher, with most of the upside evident in OSB prices in the West. Sales kicked into high gear in the West on Wednesday, and stayed active through Friday morning. Reported prices in Western Canada posted double-digit increases, and order files were out to the week of April 24 or later. Prices of plywood were mostly flat to slightly higher. In Southern Pine plywood, thicker sheathing panels increased $5, depending on the zone. Activity in western Fir plywood was best late in the week.
(f.o.b. mill prices)
| (f.o.b. mill prices) | This Week Mar 31 |
Last Week Mar 24 |
Year Ago 2016 |
| Random Lengths Structural Panel Composite Price* | $403 | $399 | $358 |
| Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 365-395 | 365-395 | 373-397 |
| Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 365-400 | 365-400 | 375-400 |
| Western 1/2-inch 4-ply rated sheathing plywood | 408 | 405 | 365 |
| North Central 7/16-inch Oriented Strand Board | 312 | 308 | 235 |
| *Weighted average of 11 key items | |||
