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U.S. softwood lumber and panel market reports
Nov.11 2006


U.S. softwood lumber and panel markets update

Fill-in business was steady, but customers willing to purchase carload volumes were scattered at best. Buyers' onesy-twosey approach kept framing lumber traders relatively busy on the phones, but mills with on-the-ground inventories were frustrated with the market. Price chopping was heaviest early on as mills sought to move month-end buildups. Unless they were unloading excesses, producers gave ground grudgingly. The Random Lengths Framing Lumber Composite Price fell $7 to $273.

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Panel market report

Structural panel sales were mixed, with Southern Pine plywood the best performer. Trading was a grind in OSB, with mills scrapping for orders while buyers worked to lever prices downward. Southern Pine plywood markets turned around late in the week following an earlier pattern of slow trading and weak prices. Several producers reported an increase in car sales. Supply and demand remained out of balance in western Fir plywood. Most prices moved down slightly. Traders called for additional curtailments.

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Source: Used with permission granted by Random Lenghts Publications, Inc.

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