With few exceptions, prices of framing lumber skidded lower, as
buyers stayed on the sidelines and mill order files thinned. Despite
reports from many traders that customers ¡°needed to buy,¡± orders
were tough to come by, and buyers readily admitted they were wary
about stepping in before prices hit bottom. After early week softness,
price cutting picked up, and many key framing lumber prices posted
double-digit declines. The Random Lengths Framing Lumber Composite
fell $7, its second straight weekly drop.
|
Week
Sep 14
|
Week
Sep 7
|
Year Ago
2011
|
Random
Lengths Framing Lumber Composite Price* |
$334
|
$341 |
$263
|
KD Western S-P-F #2&Btr 2x4 R/L
Mill Price |
298
|
308
|
257
|
KD Eastern S-P-F #1&2 2x4 R/L,
delivered Great Lakes |
402
|
411 |
339
|
Green Douglas Fir Std&Btr 2x4 R/L
(Portland) |
295
|
307
|
245
|
Southern Pine (Westside) #2 2x4 R/L |
380
|
374 |
250
|
KD Coast Hem-Fir Std&Btr 2x4 R/L |
312
|
322
|
267
|
Ponderosa Pine (Inland) #2&Btr
1x12 R/L |
472
|
465
|
540
|
* Weighted
average of 15 key items |
Weakness crept into the structural panel market. For the first time
in 10 weeks, softness was apparent in OSB prices in the South. With
loads available for shipment this week and next, producers in that
region sold limited volumes at reduced prices. Another week of light
inquiries reaching the mill level pushed some Southern Pine plywood
producers into the market with lower quotes or openness to counters.
Western Fir plywood mills turned away counters of $30 or more on
sheathing, but were receptive to more modest counters.
(f.o.b. mill prices) |
Week
Sep 14
|
Week
Sep 7
|
Year Ago
2011
|
Random
Lengths Structural Panel Composite Price* |
$452
|
$458
|
$297
|
Southern (west-east) 15/32-inch 3-ply exterior
sheathing plywood |
433-470
|
|
330-340
|
Southern (west-east) 15/32-inch 4-ply exterior
sheathing plywood |
443-475
|
455-487
|
330-360
|
Western 1/2-inch 4-ply exterior sheathing
plywood |
460
|
470 |
337
|
North Central 7/16-inch Oriented Strand Board |
360
|
360
|
188
|
*Weighted average of
11 key items |
¡¡
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¡¡ |