Softwood lumber price in US still at low level

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Frustration and angst grew among US traders of framing lumber, as the market remained in the doldrums. Oversupply was cited as the primary culprit, but demand fundamentals were also getting closer scrutiny. Traders were tired of hearing about weather holding back demand, but for some Mother Nature was still at the fore. Cold, winter-like weather conditions were still present in the Northeast, and rain pounded areas of the South. Tornado watches were in effect across the midsection of the U.S. 

 
Week Apr 10
Week Apr 3
Year Ago
2014
Random Lengths Framing Lumber Composite Price*
$336
$337
$362
KD Western S-P-F #2&Btr 2x4 R/L Mill Price
269
279
336
KD Eastern S-P-F #1&2 2x4 R/L, delivered Great Lakes
369
381
440
Green Douglas Fir Std&Btr 2x4 R/L (Portland)
295
300
327
Southern Pine (Westside) #2 2x4 R/L
406
402
373
KD Coast Hem-Fir Std&Btr 2x4 R/L
310
310
388
Ponderosa Pine (Inland) #2&Btr 1x12 R/L
670
670
730
* Weighted average of 15 key items

 

Random Lengths Panel Market Report

Structural panel prices faded amid lackluster demand. The downward drift in OSB prices continued unabated, with northern markets especially sluggish. Most buyers continued to purchase hand-to-mouth, even though prices were approaching four-year lows. Moderate downward price pressure persisted in Southern Pine plywood. Buyers lacked urgency, and confined activity to sparse replenishment when inventories had run bare. After last week’s strong finish, western Fir plywood traders were disappointed in the lack of follow-through this week. 

(f.o.b. mill prices)
Week Apr 10
Week Apr 3
Year Ago
2014
Random Lengths Structural Panel Composite Price*
$369
$371
$354
Southern (west-east) 15/32-inch 3-ply exterior sheathing plywood 430-487 435-495
368-400
Southern (west-east) 15/32-inch 4-ply exterior sheathing plywood
435-490
440-500
368-400
Western 1/2-inch 4-ply exterior sheathing plywood 425 422
382
North Central 7/16-inch Oriented Strand Board 180 180 205
*Weighted average of 11 key items
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