Lumber prices in the US rapidly increase at the end of January

Lumber prices in the US rapidly increase at the end of January

January closed with a bang as supply-side concerns ignited a rally that pushed many US framing lumber prices up sharply. Concerns were mostly focused on Western Canada, where producers have announced a number of temporary or permanent production curtailments amid tightened log supplies and higher costs.

Worries that winter weather would slow rail traffic, particularly on empties coming back to the mills, were an additional factor. The Random Lengths Framing Lumber Composite Price surged $18.

Week
Feb 1
Week
Jan 25
Year Ago
2018
Random Lengths Framing Lumber Composite Price* $354 $336 $481
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 398 349 510
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 432 415 594
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 280 245 560
Southern Pine (Westside) #2 2x4 R/L 389 376 524
KD Coast Hem-Fir #2&Btr 2x4 R/L 378 355 535
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 805 805 735
* Weighted average of 15 key items

Random Lengths Panel Market Report

Moderate sales generated enough activity to support firm to higher structural panel prices. Demand for OSB was quiet, especially in northern markets where frigid temperatures dulled consumption. However, supplies of commodity sheathing were tight, lifting prices modestly in some regions. In Southern Pine plywood, steady demand from all buying segments supported modest price gains amid more consistent trading. Western Fir plywood trading was steady, with increased buyer interest in late trading.

(f.o.b. mill prices) Week
Feb 1
Week
Jan 25
Year Ago
2018
Random Lengths Structural Panel Composite Price* $372 $369 $493
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 370-405 365-398 500-540
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 375-415 370-408 505-545
Western 1/2-inch 4-ply rated sheathing plywood 375 370 531
North Central 7/16-inch Oriented Strand Board 213 210 355
*Weighted average of 11 key items

Keywords

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *