Framing lumber traded quietly at a limited-volume pace similar to the prior week. The lack of activity weighed on producers, who pressed more urgently to move production. Price trends were mixed, but downward pressure was clearly evident in some species, particularly Western and Eastern S-P-F. Prices of key random dimension and stud items posted deep double-digit drops. Weakness in these species drove a $5 drop in the Random Lengths Framing Lumber Composite Price, ending a five-week string of gains.
This Week Jul 19 |
Last Week Jul 12 |
Year Ago 2018 |
|
Random Lengths Framing Lumber Composite Price* | $356 | $361 | $515 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 338 | 372 | 587 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 435 | 457 | 660 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 350 | 345 | 555 |
Southern Pine (Westside) #2 2x4 R/L | 379 | 374 | 504 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 375 | 385 | 585 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 850 | 850 | 775 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Structural panel sales were steady enough to minimize downward price pressure, but buyers lacked urgency and replenished sparingly. Demand for OSB was limited to small volumes that mills sold at or near quotes. Sales were difficult to secure in Southern Pine plywood. Occasional discounts surfaced on carloads. Dull trading persisted in Western Fir plywood, which led to few price changes. Canadian plywood buyers held out as long as possible before replenishing. Mills leaned on order files, but prices slipped modestly.
(f.o.b. mill prices) | This Week Jul 19 |
Last Week Jul 12 |
Year Ago 2018 |
Random Lengths Structural Panel Composite Price* | $345 | $345 | $502 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 340-375 | 340-380 | 475-515 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 345-380 | 345-385 | 480-520 |
Western 1/2-inch 4-ply rated sheathing plywood | 360 | 360 | 522 |
North Central 7/16-inch Oriented Strand Board | 214 | 210 | 415 |
*Weighted average of 11 key items |