U.S.: Lumber and
panel market report ---- Update Weekly
The framing lumber
market did an about-face Wednesday as many mills opened the week anxious to move prompt
loads, but finished boasting order files into late June or early July. Prices firmed and
then gained, with some posting double-digit increases as mills raised quotes aggressively
on Thursday. The Random Lengths Framing Lumber Composite Price rose $7 to $304, a high for
the year to date and the highest level since September 2006.
Structural panel markets kicked into high gear. Sales of OSB accelerated as the week
progressed, and prices in most regions finished with solid gains. Buyers showed more
willingness to pay higher prices for shipments further out. Active trading allowed
Southern Pine plywood mills to move steady volumes at or above last week's reported
prices. Sales were fueled by buyers who purchased modest volumes, but replenished often.
In western Fir plywood, steady sales in the field and the just-in-time purchasing of
recent weeks left dealers and distributors chasing supply more fervently as the week