U.S. Softwood lumber and panel market reports March 6,2007
U.S.: Lumber and panel market report
Winter weather and bearish attitudes resulted in sluggish lumber
sales and an overall softening trend in prices last week. Traders cited many factors for
taking a cautious approach, usually starting with the weather. Snow and ice across
northern tier states and flooding through the Upper Midwest kept a tight lid on
consumption in these regions. In contrast, the South was mostly dry and demand was steady.
The pace lagged activity seen the previous week, but Southern Pine prices moved higher on
Structural panel sales faded and prices gave ground. Bad weather preoccupied traders
across much of North America, limiting liquidity. Loads for shipment next week were still
available in some markets Friday morning. Southern Pine plywood markets that were stable
early unraveled on Wednesday after several westside producers offered volumes of sheathing
at discounts. Some western Fir plywood producers, running out of order files for sheathing
and underlayment, sold at discounts or listened to counters.