U.S. lumber and panel market reports-20111125

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U.S. lumber and panel market reports

November 25, 2011

U.S.: Lumber and panel market report ---- Week 47 2011

Framing lumber sales cooled following last week's strong finish. Many prices maintained upward momentum through Monday, with some traders noting that they were busier than expected in advance of the U.S. holiday. Phones quieted Tuesday, and expectations for the remainder of the short U.S. work week faded. A fair number of inquiries came from customers tracing loads on order. This was viewed as evidence of thin inventories at the retail and distribution levels.

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Week
Nov 23

Week
Nov 18

Year Ago
2010

Random Lengths Framing Lumber Composite Price*
$263
$260
$277

KD Western S-P-F #2&Btr 2x4 R/L Mill Price
239

234
273

KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
326

321
360

Green Douglas Fir Std&Btr 2x4 R/L (Portland)
225

222
235

Southern Pine (Westside) #2 2x4 R/L
289

285
272

KD Coast Hem-Fir Std&Btr 2x4 R/L
252

252

285

Ponderosa Pine (Inland) #2&Btr 1x12 R/L
585

585

570

* Weighted average of 15 key items

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Structural panel prices sustained recent upward momentum. OSB sales cooled, but limited availability kept many prices tilted upward. Retailers and distributors continued to operate with lean inventories. Southern Pine sheathing prices continued to forge moderate gains amid a steady trading pace. Recent and coming curtailments helped mills extend order files primarily into the week of December 12. The urgency that drove the western Fir plywood market last week dissipated as most buyers retreated for the holiday weekend.

(f.o.b. mill prices)	Week Nov 23	Week Nov 18	Year Ago 2010
Random Lengths Structural Panel Composite Price*	$298	$294	$283
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood	305-330	300-330	267-275
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood	315-345	307-340	275-297
Western 1/2-inch 4-ply exterior sheathing plywood	345	340	305
North Central 7/16-inch Oriented Strand Board	188	185	202
*Weighted average of 11 key items

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