U.S. lumber and panel market reports-20190524

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U.S. lumber and panel market reports

May 24, 2019

U.S.: Lumber and panel market report ---- Week 21 2019

Random Lengths Lumber Market Report

Trading remained a grind, as sellers stepped up efforts to move prompt loadings while buyers limited purchases to must-have needs. Many traders anticipated the long holiday weekend, maintaining a cautious approach to see what develops next week. Prices trended downward in most all framing lumber species, and the Random Lengths Framing Lumber Composite Price sank $10, to $335. Traders widely cited an imbalance in supply and demand, with many needs easily covered in local distribution or from secondaries working down their own inventories.

	This Week May 24	Last Week May 17	Year Ago 2018
Random Lengths Framing Lumber Composite Price*	$335	$345	$578
KD Western S-P-F #2&Btr 2x4 R/L Mill Price	302	314	653
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes	395	405	722
Green Douglas Fir Std&Btr 2x4 R/L (Portland)	317	317	605
Southern Pine (Westside) #2 2x4 R/L	362	379	600
KD Coast Hem-Fir #2&Btr 2x4 R/L	360	360	655
Ponderosa Pine (Inland) #2&Btr 1x12 R/L	860	860	765
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel trading was stagnant as the long holiday weekend approached in the U.S. OSB buyers throughout North America lacked urgency, and filled in sparsely. Discounts surfaced in the South. Southern Pine plywood trading was muted amid a lack of urgency among buyers. Rated sheathing traded on either side of previously established levels. Trading in western Fir plywood remained dull. Producers tried to match output with demand levels by reducing production. Light sales left prices of Canadian plywood prone to significant discounts.

(f.o.b. mill prices)	This Week May 24	Last Week May 17	Year Ago 2018
Random Lengths Structural Panel Composite Price*	$350	$352	$566
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood	360-395	360-395	545-575
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood	365-400	365-400	550-585
Western 1/2-inch 4-ply rated sheathing plywood	358	358	557
North Central 7/16-inch Oriented Strand Board	190	190	440
*Weighted average of 11 key items

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

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