The frenzied pace of trading in many framing lumber species in recent weeks gave way to a calmer tone, although last week’s surge followed through in Southern Pine. Trading in many species shifted to the secondary level, where wholesalers and distributors were focused on selling from inventories built up in the recent rally. Sticker shock among retailers was a factor, as were the holidays next week in Canada and the U.S. The Random Lengths Framing Lumber Composite Price rose $9, led by gains in Southern Pine. 

  This Week
Jun 28
Last Week
Jun 21
Year Ago
Random Lengths Framing Lumber Composite Price* $354 $345 $547
KD Western S-P-F #2&Btr 2×4 R/L Mill Price 392 390 590
KD Eastern S-P-F #1&2 2×4 R/L, delivered Great Lakes 460 445 680
Green Douglas Fir Std&Btr 2×4 R/L (Portland) 338 323 565
Southern Pine (Westside) #2 2×4 R/L 351 332 544
KD Coast Hem-Fir #2&Btr 2×4 R/L 387 378 600
Ponderosa Pine (Inland) #2&Btr 1×12 R/L 855 860 775
* Weighted average of 15 key items



Random Lengths Panel Market Report

Structural panel prices gained ground amid mixed trends in overall trading. OSB sales slowed from last week’s rapid pace, but prices in northern regions posted increases for the second consecutive week. In Southern Pine plywood, a perception of bottoming prices combined with emerging needs fueled steady trading and kept prices on mostly firm footing. After months of dull trading, sloppy prices, and little confidence in the western Fir plywood market, traders sensed a better tone. Canadian plywood trading picked up later in the week.

(f.o.b. mill prices) This Week
Jun 28
Last Week
Jun 21
Year Ago
Random Lengths Structural Panel Composite Price* $342 $334 $553
Southern (west-east) 15/32-inch 3-ply rated sheathing plywood 340-380 340-380 510-545
Southern (west-east) 15/32-inch 4-ply rated sheathing plywood 345-385 345-385 515-550
Western 1/2-inch 4-ply rated sheathing plywood 355 352 547
North Central 7/16-inch Oriented Strand Board 200 182 445
*Weighted average of 11 key items


Industry News In “Through A Knothole”

Below are headlines of recent articles in the “Through A Knothole” section of our full newsletter, featuring articles of interest to the industry, including production/price trends, market analysis, trade issues, timber supplies, and much more.

This Week in the “Through a Knothole” Section of Random Lengths

  • Conventional wisdom dictated to traders in the non-structural panel industry that as new capacity expansions in the South and Upper Midwest ramped up, prices would fall. That outlook has shifted dramatically in recent weeks, as supply disruptions and announced mill closures constrained particleboard supplies in key markets.
  • Lumber imports from Canada declined and European shipments to the U.S. increased significantly last year. However, the transition has moderated through April of this year.
  • Price spreads between grades of Southern Pine lumber have shifted significantly with market volatility in the past year, but the gap between #2 and #3 2×6 on the westside swung dramatically and narrowed to single digits last month.
  • Almost two months since the U.S.-China trade war escalated with tit-for-tat tariffs more than doubling on billions of dollars worth of goods shipped between the two countries, softwood lumber exporters are searching for alternatives with no resolution on the horizon.


The Working Forest