US lumber prices start to go up in January

US lumber prices start to go up in January

Trading in dry framing lumber picked up amid more curtailment news in British Columbia, and a sense that downside risk was minimal while upside potential was on the rise.

Wholesalers were among the most bullish of buyers, while some distributors and many dealers maintained a more cautious approach. Green Douglas Fir provided one contrast to the overall strengthened tone, as heavy rain continued to hammer the key California market.

Gains in dry, however, helped the Random Lengths Framing Lumber Composite post its first weekly increase of the new year.

Week
Jan 18
Week
Jan 11
Year Ago
2018
Random Lengths Framing Lumber Composite Price* $330 $327 $458
KD Western S-P-F #2&Btr 2x4 R/L Mill Price 339 324 502
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes 408 403 582
Green Douglas Fir Std&Btr 2x4 R/L (Portland) 235 240 520
Southern Pine (Westside) #2 2x4 R/L 368 374 495
KD Coast Hem-Fir #2&Btr 2x4 R/L 350 343 515
Ponderosa Pine (Inland) #2&Btr 1x12 R/L 800 795 735
* Weighted average of 15 key items

Random Lengths Panel Market Report

Structural panel prices stayed flat amid mixed trends in trading. Prices of OSB bumped along at multiyear lows, even though sales in the South kicked into gear on Wednesday.

Dealers and distributors in that region replenished inventories and covered job orders more readily. In Southern Pine plywood markets, sales of rated sheathing strengthened in all zones. Producers reported waning fear of downside risk among buyers.

Follow-through from last week’s active pace fizzled in western Fir plywood markets.

(f.o.b. mill prices) Week
Jan 18
Week
Jan 11
Year Ago
2018
Random Lengths Structural Panel Composite Price* $367 $366 $454
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 360-395 360-395 470-510
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 365-405 365-400 475-515
Western 1/2-inch 4-ply rated sheathing plywood 370 365 498
North Central 7/16-inch Oriented Strand Board 210 210 320
*Weighted average of 11 key items

Keywords

Comments

Leave a Reply

Your email address will not be published.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