Framing lumber prices raced higher amid a scramble to cover pressing needs. Extended mill order files, rail and truck shortages, and pent-up seasonal demand generated a frenzied market tone. Heavy substitution for limited supplies of Canadian S-P-F helped generate a surge of orders in western species and Southern Pine. Buyers often paid little heed to prices, and put the priority on finding the quickest shipments possible. The Random Lengths Framing Lumber Composite Price skyrocketed to a record $543.
This Week May 11 |
Last Week May 4 |
Year Ago 2017 |
|
Random Lengths Framing Lumber Composite Price* | $543 | $525 | $420 |
KD Western S-P-F #2&Btr 2x4 R/L Mill Price | 619 | 598 | 392 |
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes | 676 | 654 | 477 |
Green Douglas Fir Std&Btr 2x4 R/L (Portland) | 563 | 543 | 395 |
Southern Pine (Westside) #2 2x4 R/L | 581 | 570 | 460 |
KD Coast Hem-Fir #2&Btr 2x4 R/L | 615 | 590 | 425 |
Ponderosa Pine (Inland) #2&Btr 1x12 R/L | 760 | 755 | 685 |
* Weighted average of 15 key items |
Random Lengths Panel Market Report
Structural panel trading gained momentum as the week progressed, and prices increased. OSB sales kicked into high gear in late trading. Distributors and dealers jumped into the market with increased urgency. Reported prices of Southern Pine rated sheathing edged upward amid steady demand from buyers addressing just-in-time needs. In western Fir plywood, steady trading emerged after a sluggish start, and the market finished the week with a solid tone.
(f.o.b. mill prices) | This Week May 11 |
Last Week May 4 |
Year Ago 2017 |
Random Lengths Structural Panel Composite Price* | $545 | $536 | $419 |
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood | 530-570 | 520-560 | 370-395 |
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood | 535-575 | 525-565 | 375-400 |
Western 1/2-inch 4-ply rated sheathing plywood | 538 | 527 | 418 |
North Central 7/16-inch Oriented Strand Board | 415 | 410 | 333 |
*Weighted average of 11 key items |