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The price of benchmark panel item Oriented Strand Board 7\/16\u201d Ontario shot up C$35, or +15%, last week, to C$275 msf, while that of Plywood 9.5 mm Toronto rose C$20, or +5%, to C$430 msf.<\/p>\n
Prices of OSB 7\/16\u201d Ontario this week are up C$3 relative to the one-year rolling average price of C$272 msf, and are down $103, or -27%, relative to the two-year rolling average price of C$378 msf.<\/p>\n
Eastern SPF plywood mill order files recently pushed into the week of November 25th, while that OSB was beyond November 11th. Plywood sales were in good shape heading into November, said manufacturers. With multiple closure and curtailment announcements last week, demand for OSB went crazy.<\/p>\n
Western SPF Oriented Strand Board prices had already started to move up before last week\u2019s mill curtailment announcements, and when the dust settled those prices had vaulted anywhere from +$71 to +$107. It was anyone\u2019s guess whether this development was sustainable, but for this week at least sales of OSB went cuckoo and western panel mills were booked production into the week of November 18th. For their part, WSPF plywood mills remained firm on pricing, with mid-November order files.<\/p>\n
The below table is a comparison of recent highs, in June 2018, and current October 2019 benchmark dimension softwood lumber 2\u00d74 prices compared to historical highs of 2004\/05 and compared to recent lows of Sept 2015:<\/p>\n
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