U.S. lumber and panel market reports-20120507

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U.S. lumber and panel market reports

May 7, 2012

U.S.: Lumber and panel market report ---- Week 18 2012

Last week's surge in orders gave way to a more moderate sales pace, but phones remained busy and prices continued to climb. Some mills shifted from pushing prices to extending order files in the wake of the recent rally. Others, however, kept files reined in and took advantage of their ability to provide quicker shipments at higher prices. Another jump in the Random Lengths Framing Lumber Composite had Canadian producers eyeing a June reduction in taxes on shipments to the U.S.

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Week
May 4

Week
Apr 27

Year Ago
2011

Random Lengths Framing Lumber Composite Price*
$329
$316
$262

KD Western S-P-F #2&Btr 2x4 R/L Mill Price
301

289
236

KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
393

384
332

Green Douglas Fir Std&Btr 2x4 R/L (Portland)
247

240
250

Southern Pine (Westside) #2 2x4 R/L
343

330
268

KD Coast Hem-Fir Std&Btr 2x4 R/L
320

305

265

Ponderosa Pine (Inland) #2&Btr 1x12 R/L
615

622

648

* Weighted average of 15 key items

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Structural panel trading was varied by item and region. OSB producers did their best to follow the upward trend seen in the lumber market, but prices finished mixed. Strength was most evident in the West. The market for Southern Pine plywood was mixed in a second consecutive week of producers' sales trailing output. Western Fir plywood buyers nibbled at mill offerings, ultimately at a slower pace than last week but still enough to extend the majority of order files into the week of May 21.

(f.o.b. mill prices)	Week May 4	Week Apr 27	Year Ago 2011
Random Lengths Structural Panel Composite Price*	$352	$349	$283
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood	385-405	380-400	300-310
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood	387-417	385-415	305-320
Western 1/2-inch 4-ply exterior sheathing plywood	375	373	305
North Central 7/16-inch Oriented Strand Board	227	220	167
*Weighted average of 11 key items

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