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April 9, 2010 Vol. 66, Issue 14
The Market
Inside TAK
Random Lengths Composite Prices
Framing Lumber: Board: Shop/Mldg&Btr: Structural Panel:
+14 +1 n.c. +28
Market Reports
2
3
4
9
10
11
MDF prices setting records at mills in the East
Retailers hike threemonth sales expectations
2x4-14s a standout in various framing species
2x6-9s lead the way in trading of western studs
Cedar buyers more attentive to seasonal needs
OSB leads sharp gains in structural panel prices
Overseas demand quietly contributes to market run Strength in lumber and panel prices has frustrated many North American retailers and secondaries, whose own sales have been lukewarm at best. Their question often takes some form of, “Where’s this wood going?”
Increasingly, the short answer from their suppliers has been: overseas. Other factors — seasonal improvement in demand, a thinly supplied distribution pipeline, and mill production that remains drawn down — have played into the market’s run-up since the start of the year. But knowledgeable observers say the impact of offshore sales is being overlooked by many.
Copyright © 2010, Random Lengths Publications, Inc.
“At some point in the future, our domestic customers are really going to be shocked to find out about the amount of lumber that’s being shipped overseas, and that they‘re no longer able to ‘just-in-time’ their immediate needs,” a large producer told Random Lengths in December. That point may have arrived. China’s purchases of lumber from Canada soared 123% in 2009 compared to 2008 volumes. U.S. lumber exports to China jumped 72% year over year. The upward trend in sales to China continued through the first quarter. Much of the material destined for China is low grade, but Chinese purchases of the uppers have also increased. Mills in the West and Western Canada have benefited the most from this business. One Coast producer estimated that 11% of his company’s output currently is being sold to overseas destinations. Southern Pine exporters also report stronger sales to China. U.S. exporters are still trying to get a handle on reconstruction efforts in Haiti, in the wake of the January 12 earthquake that leveled Port-au-Prince. The quake killed 230,000 and left one million homeless.
Unconfirmed reports of large blocks of both lumber and panels being sold to Haiti have circulated in recent weeks. The Department of Commerce has set up a Web site to provide updates about procurement opportunities funded by the U.S. government and international development banks. To register, log on to www.buyusa.gov/caribbean/ en/helpinghaiti.html. Providing food and medicine, and clearing rubble remain top priorities for aid agencies in Haiti. However, building shelters consisting of more than tarps has taken on urgency with the approach of the rainy season. Several mills in the Inland West are trucking lumber to West Coast ports to be loaded into containers and shipped to the Far East and Australia. Among the products they’re exporting: low grade, MSR, and lamstock. One Inland producer estimated that 10% of his company’s output is being shipped offshore. A variety of other export markets are boosting sales for domestic producers. Eastern White Pine Industrial boards are headed to the Middle East. Ponderosa Pine #3 is trading at an unusually narrow discount to #2&Btr because demand for the lower grade is strong in Mexico and many Asian markets. ES-LP #3 has become a hot commodity in Southeast Asia and Mexico. ~
Other demand-side factors cited in 2010 price rally The supply-driven foundation of the 2010 market run has been well-documented. Perhaps under-reported have been demand-side factors contributing to the run. The article above highlights the influence from offshore demand. Below are other demand-related issues in play. Some traders posit that significant attrition in the secondary market has created voids in the distribution system. The loss of key players has forced retailers to reach out to other suppliers, who may be underestimating their needs. www.randomlengths.com
2
April 9, 2010 Fear — about the housing market, the economy, and the sustainability of the current run — has a firm grip on many survivors. Yet as new accounts come forward in search of new suppliers, buyers’ need to go back to the mills more often may be contributing to the market run. Credit limits are a factor. Tighter limits may be preventing distributors, retailers, and buyers of all stripes from rebuilding inventories that would sustain them for several weeks. Again, the result is that many buyers are reentering the market regularly.
Prices of MDF in the East Overtook the West in Late 2008 $560 $540 $520 $500 $480 $460
$420
Still other traders note that domestic demand may be better than many are willing to acknowledge. While housing starts are projected to gain modestly, some traders say that home center business is coming on strong this spring. “In my opinion, there is more business than we realize,” said one wholesaler. “Simple fact — decent weather, and the phones on this floor ring off the hook.” ~
Price Guide changes in effect with this issue Recently announced changes to the Random Lengths Price Guide take effect with this issue. In Western S-P-F, prices of Std&Btr 2x4 in random (Page 5) and straightlength loadings (Page 6) have been eliminated. As a guide, these items will be reported as a footnoted deduction from prices reported for #2&Btr 2x4. Elsewhere in the guide, prices for several Western Red Cedar products have been added. On Page 7, a price for kiln-dried 1x6 tongue-and-groove siding is reported. On Page 8, prices for kiln-dried Architect Knotty 2x4 and 2x6 decking debut. A price for dried Architect Knotty 5/4x6 decking also has been added. One other addition is a price for Cedar #1 Appearance Grade S4S 4x4. ~
MDF prices hit record in East, maintain premium to West Medium density fiberboard prices posted the steepest month-to-month gains on record in March, and the surge propelled levels in the East to all-time highs. Last month’s average of $525 for 3/4-inch in the East was $39 higher than February and surpassed the previous record of $500 set in mid-2008. In the West, 3/4-inch MDF prices increased $52 in March to $488, the largest monthly jump on record. The February 27 earthquake in Chile jump-started demand, which had previously been anemic for more than a year. Uncertainty about the extent of the quake’s impact contributed to a chaotic search for coverage of
MDF (West) 3/4
$440
MDF (East) 3/4
J FMAMJ J A S OND J FMAMJ J A S OND J FM 08 09 10 Source: www.rlmyprint.com
MDF mouldings. Some U.S. moulding mills ramped up production to fill the projected shortfall in shipments of finished stock from Chile. Many traders, however, note that U.S.-based MDF panel producers started pushing for increases in mid-February in response to rising costs, primarily of resin and fiber. Lingering supply tightness due to extensive curtailments also helped set the foundation for the price surge. The March price run accentuated an unusual price relationship between the East and West. The chart shows prices in the East have maintained a premium to the West since December 2008. 3/4-inch averaged $488 in 2009, $24 higher than comparable stock in the West. MDF had previously been reported at a premium in the West compared to the East almost exclusively since Random Lengths began reporting MDF in September 1996. Traders note, however, that seven MDF plants have closed due to market conditions within the last two years. The majority of the lost capacity was in the East. Further, imports from offshore suppliers, including New Zealand and China, have affected markets in the West more significantly than in the East. Uniboard’s new line in Moncure, N.C., is expected to add supplies to the eastern market by late April or early May.
Statline: A Weekly Look at Key Trends U.S. ¢
105
Canada/U.S. Exchange Rates
95
85
75
O N D J F M A M J 08 09
J A S O N D J F M 10
Source: Federal Reserve Board; rates in U.S. cents
The Canadian dollar strengthened in March, approaching parity with the U.S. currency in early April. The loonie was up about 17 cents from its year-ago level.
www.rlpi.com
April 9, 2010 Other producers’ efforts to ramp up output in response to rising prices are limited by raw fiber availability. ~
Dealers report strong gains in optimism for sales Dealer sales expectations for structural panels gained in March at the strongest pace seen since February 2004, and expectations for lumber rose more than any other month since February 2008, according to a Random Lengths monthly survey. Ratings remained below the midway point on the 1-10 scale, at 4.9 for both lumber and panels, but were highest since July and May of 2008, respectively. Panel sales expectations in the South Central region passed the midway point, at 5.5, the first time any region
3
had attained that level since May 2008. South Central lumber sales expectations rated 5.3, highest of any region. Compared to March 2009, the South Atlantic posted a 1.1-point gain for both lumber and panels. South Central panel expectations posted a similar gain. Dealers in the West reported the strongest gains compared to February, a full point in lumber and 0.8 in panels. However, the West remained the least optimistic of any region, with ratings of 4.4 for both lumber and panels. “Not many new starts. Remodel is providing most activity,” one western retailer said. “Cash is tight, inventories are low, and prices are rising. It may be a recipe for bad soup.” (To see all comments, go to www.rlpi.com, then In Depth, then Surveys.) Dealers reported current inventories of lumber at 5.0, highest since April 2009, and panels at 4.9, highest since last June. ~
Retail Market Indicators for March 2010 LUMBER 7 Midwest
PANELS
Dealers' Sales Expectations for the NEXT Three Months (on a scale of 1-10, with 10 strongest) Dealers' Current Inventories (on a scale of 1-10, with 10 highest) 7 Northeast 7 Northeast 7 Midwest 6
6
6
6
5
5 5
5 4
4 4 3
J FMAMJ J A S OND J FM 09 10
3
4
2
3
J FMAMJ J A S OND J FM 09 10
3 J FMAMJ J A S OND J FM 09 10
2
J FMAMJ J A S OND J FM 09 10
7 South Atlantic
7 South Central
7 South Atlantic
7 South Central
6
6
6
6
5
5
5
5
4
4
4
4
3
J FMAMJ J A S OND J FM 09 10
7 West 6
3
J FMAMJ J A S OND J FM 09 10
3
7 U.S.
7 West
6
6
5
3
J FMAMJ J A S OND J FM 09 10 7 U.S. 6
5 5
4 3
J FMAMJ J A S OND J FM 09 10
5 4
4
3
4
2
3 2 3 J FMAMJ J A S OND J FM J FMAMJ J A S OND J FM J FMAMJ J A S OND J FM J FMAMJ J A S OND J FM 09 10 09 10 09 10 09 10 Results based on monthly surveys of a nationwide sample of retailers who stock softwood lumber and structural panels. Number of companies responding to a early April survey for March data: 100. Regions: Midwest (MI, OH, IN, IL, WI, MN, IA, MO, KS, NE, SD, ND); Northeast (PA, NJ, NY, CT, RI, MA, NH, VT, ME); South Atlantic (MD, DE, WV, VA, NC, SC, GA, FL); South Central (KY, TN, AL, MS, LA, AR, OK, TX); West (MT, WY, ID, CO, NM, AZ, UT, NV, CA, OR, WA, AK, HI).
A Orin Comdure, Mark Babbitt, and Mike Zemla, all previously with North Pacific, have joined the sales staff of Weekes Forest Products in Grand Rapids, Mich. The company also announced it has become the iLevel Engineered Wood distributor in Michigan for Trus Joist products.^ Boise Building Materials Distribution, a division of Boise Cascade, has opened a new distribution facility in Pompano Beach, Fla.^ Alan Lechem
has been promoted to president of Weston Wood Solutions, Mississauga, Ont.^ Byron Altman has been named director of purchasing at Cox Industries, Orangeburg, S.C. A Glenn Lowe is retiring after 17 years with Blasen & Blasen Lumber, Portland, Ore. Jim Adams, formerly with Disdero Lumber, will be joining the company’s sales staff.^ The Composite Panel Association will hold its 2010 Spring Meeting May 2-4 in Bonita Springs, Fla. Contact Allyson O’Sullivan at 703724-7728, ext. 251. www.randomlengths.com
4
April 9, 2010
Lumber Market Report Lumber Market Indicators Framing Lumber Composite Price
This Week
Last Week
Year Ago
$360
$342
$328
$202
$320
200
$340
2x4 #2&Btr KD Western S-P-F
300
291
164
2x4 Std&Btr Grn Douglas Fir (Portland)
260
242
175
2x4 #2 KD SYP (Westside)
405
382
252
$240
2x4-8' PET KD Western S-P-F
316
305
172
$220
1x12 #3 KD Ponderosa Pine
545
570
320
150
$300
50
$280
0
$260 -50 -100
$200
+67.3
+37.8 –177.0
* The index is a numerical representation of market activity, based on a ratio of western sawmill order files to inventories. In computing the index, the data are compared with similar data averaged over the past five years.
-150
Framing Lumber Composite Price
$180
Random Lengths Index*
100
Random Lengths Index
-200 -250
$160 $140
2Q 09
3Q 09
4Q 09
1Q 10
2Q 10
-300
Market Overview
Dry Framing Lumber
A Framing lumber prices maintained a steep upward slant. Producers extended order fi les to the latter half of the month and pushed many prices up by double digits through the week. Purchasing was broad-based, with virtually all buying segments in the market looking for coverage. Many buyers continued to favor truckloads, fearful of getting caught with any volume should the market turn. Smaller purchases, however, forced them to step in more frequently, resulting in a steady flow of business back to the mills.
Spruce-Pine-Fir ^ Western S-P-F prices were firm
The Random Lengths Framing Lumber Composite Price gained $14, to $342. That ensured that the export tax imposed on Canadian producers will be reduced in May, the first reduction in the tax since the Soft wood Lumber Agreement was implemented in October 2006. Exports continued to siphon away already limited supplies, while seasonal domestic demand was also on the rise (see Through a Knothole). Strong pent-up demand drove sharp double-digit increases in Southern Pine. While many secondaries were cautious, they stayed on the long side. Most were encouraged by their ability turn purchases quickly and at prices that mildly trailed replacement costs. Skepticism about the market’s staying power continued to be noted at the retail level. That was driven in part by reports that some yards, as well as builders, who had bid jobs months earlier were now badly offside on prices. The narrows and studs led the way in most framing lumber species. 14-foot was often cited as the standout length in 2x4, with prices sometimes overtaking 16s. In studs, 2x69s were a standout in the West. Trading in 1-inch boards varied widely. Southern Pine was the clear leader, with key prices posting double-digit hikes. Shop and Mldg&Btr markets continued to cool. Supply disruptions in the aftermath of the Chilean earthquake remained an issue, but lackluster demand was a mitigating factor.
to higher, with many producers reporting order fi les in the week of April 26. In #2&Btr, the narrows continued to be the most active widths, but some producers said demand for the wides improved. The reported price of #2&Btr 2x4 hit the $300 mark for the first time since mid-2006; some mills with higher freight rates held back in the high $290s. 2x6, up $11, led gainers, although some 8/16’ tallies were sold in the mid-$280s late in the week. In straight lengths, 2x4-14s edged closer to 16s. MSR traded quietly, with the reported 2x4 items gaining $7-10 and 2x6 holding to previous levels. Demand for Utility and #3 2x4 continued to keep prices unusually close to #2&Btr; some traders reported buyers in the Texas market substituted green Fir Std&Btr 2x4 for S-P-F Utility/#3. Eastern S-P-F sales were most active in U.S. markets. #1&2 2x4 sales were reported as high as $385, Great Lakes, with 14s sometimes selling above 16s in a $390-400 range. Demand for 14s was especially strong in the Southeast. In Canada, sales in Montreal were active, while Toronto was a decided laggard. Prices of #1&2 2x4 edged up in Toronto, but 2x6 sometimes sold at discounts in this market. Demand for #3 and Economy was steady to strong in all markets, and prices advanced. MSR prices rose in U.S. markets, with sales of 2x4 1650f reported as high as $400, Great Lakes.
Southern Pine ^ Pent-up demand fueled significant increases in most Southern Pine prices. Treaters, retailers, and distributors flocked to producers to replenish inventories following sales that some described as the strongest they had seen in years. “It’s been a crazy week,” said one mill salesman. “It’s been a long time since we’ve seen this kind of activity.” Buyers found that not only had producers aggressively raised quotes, but that trucking costs and shortages gave delivered prices another boost. Many producers quoted defensively, and buyers routinely supported Continued on page 9…
5
April 9, 2010
Lumber Price Guide Lumber Weekly Price Changes 2x4 Std/#2&Btr
3/26
KD Hem-Fir (Coast) +7 KD HF/WF (Inland-Spokane) +8 KD Fir & Larch +10 KD Southern Pine (West) +12 KD Western S-P-F +6 KD Eastern S-P-F (Boston) +3 KD Eastern S-P-F (Toronto) 0 Gr Douglas Fir (Portland) +8
4/2
This Chg 3 Week Weeks
+13 +14 +17 +16 +5 +4 +2 +2
+12 +10 +11 +23 +9 +11 +3 +18
+32 +32 +38 +51 +20 +18 +5 +28
3/26
2x10 #2&Btr KD Southern Pine (West) Gr Douglas Fir (Portland)
4/2
This Chg 3 Week Weeks
+7 +5
+7 +12 0 +15
+26 +20
+3
+2 +10
+15
+8 +5 +5 0 +15 +15 0 +13 +15 +5 0 +10
+18 +30 +28 +15
2x4 1650 MSR Western S-P-F (Minneapolis)
2x4 Utility KD Western S-P-F KD HF/WF (Inland-Spokane) KD Southern Pine (West) Gr Douglas Fir (Portland)
This Chg 3
Studs
3/26
4/2 Week Weeks
KD Western S-P-F KD Spruce-Lodgepole KD Hem-Fir (Coast) KD Eastern S-P-F (GL) Gr Douglas Fir (Portland)
+5 +8 +11 +10 +7 +18 +12 +11 +17 +8 +7 +10 +5 +5 +10
+24 +35 +40 +25 +20
Boards #3 1x12 Ponderosa Pine 0 #3 5/4 Ponderosa Shop +10 Std 5/4x6-16' SYP R.E.D. 0
0 –25 +10 0 0 +5
–25 +20 +5
FRAMING LUMBER Unitized Loadings • Prices Net, f.o.b. Mill, U.S. Funds, Unless Otherwise Noted • Dollars Per Thousand Board Feet
KILN DRIED DIMENSION Inland Hem-Fir Coast or White Fir6: Doug- Fir & Ponder- Southern Pine: Hem-Fir6 SPOKANE1 REDDING1 las Fir6 Larch6 SPF-S5,6 osa Pine WEST2 CENT3 EAST4
Random 2x4 Std.&Btr. 2x4 #2&Btr. 2x6 2x8 2x10 2x12 2x4 Utility 2x6 #3 2x8 2x10 2x12
317 322 312 285 335 330 275 255 240 245 255
342 — 340 300 345 360 260 225 205 205 205
— 345 320 290 345 330 275 275 250 250 260
325 330 320 290 330 330 275 255 240 245 255
343 — 315 295 338 365 265 230 210 210 210
— 337 335 — — — 265 250 — — —
307 — 300 290 300 10 335 — — — — —
— 405 372 345 351 475 342 323 311 294 389
— 397 367 333 362 464 306 290 285 275 312
— 399 356 337 372 460 306 280 275 280 315
Spruce-Pine-Fir: Western6,13 MILL7
Eastern8 GREAT CHICAGO8 ATLANTA8 BOSTON13 LAKES9,13 TORONTO11
— 30015 295 281 340 14 425 275 12 238 241 245 240
— 364 361 345 412 498 339 304 305 317 313
— 388 384 369 436 526 363 327 329 341 341
— 368 365 360 430 — 320 295 — — —
— 382 373 368 440 — 345 295 — — —
— 330 350 325 398 — 287 285 — — —
1–From freight areas indicated. 2–Mills in Tex., Ark., Okla., and La. west of the Mississippi River. 3–Mills in Miss., Ala., and La. east of the Mississippi River. 4–Mills in Ga., Fla., S.C.; also N.C. and Va., where prices are 5-10 higher. 5–Prices based on mills in the Inland West. 6–Flat car paper-wrapped. 7–Shipments from the Prince George, B.C., area; mill returns on freight contracts not included. 8–Prices delivered. 9–N. Ohio, W. Pa. 10–For 2x10 furniture stock, 16% or less moisture content, light or no skip, stain, or wane, add: 20-30 11–Canadian funds, GST not included. 12–#3 2x4 - 278 13–Applicable export taxes included. 14–Toronto - 385 ; Canadian funds, GST not included. 15–For Std&Btr deduct: 4-6
GREEN DIMENSION Random
STRUCTURAL LIGHT FRAMING RL 10/20' Western Red Cedar6
Douglas Fir: PORTLAND1
N.
260 4
2x4 Std.&Btr. 2x4 #2&Btr. 265 4 2x6 250 4 2x8 250 4 2x10 250 2x12 250 2x4 Utility 210 2x6 #3 195 2x8 165 2x10 165 2x12 170 Eastern S-P-F: TORONTO2,3 2x4 #1&2 305 2x6 #1&2 315 2x4 Utility 255 2x6 #3 255
CALIF.1
270 275 250 235 250 245 — — — — —
NE3,5
390 395 390 390 390 390 — — — — —
685 — 720 825 930 1,120 250 285 — — —
Eastern S-P-F1 Western S-P-F1 delivered to: MINNEAPOLIS PHOENIX BOSTON GREAT LAKES 392 402 385 400 2x4 2100f 385 395 380 395 2x4 1650f 407 417 — — 2x6 2100f 388 398 387 395 2x6 1650f
1–From freight areas indicated. 2–Canadian funds, GST not included. 3–Delivered rail. 4–For light-wane stock, add: 40 5–Prices for shipments from U.S. and Canadian mills. 6–Applicable export taxes included on Canadian stock.
WEST
CENT
EAST
420 379 357 363 484
411 381 362 382 486
411 — — — —
2x4 #1&Btr. 2x4 Sel. Struc. 2x6 Sel. Struc. 2x8 Sel. Struc. 2x10 Sel. Struc. 2x12 Sel. Struc.
275 — — — — —
355 — — — — —
365 — 350 338 365 430
— 382 360 330 360 415
GREEN STUDS
Spruce-Pine-Fir: Coast Inland Douglas Fir & ES- Southern Western11 Eastern3 GREAT MILL2 CHICAGO3 ATLANTA3 BOSTON11 LAKES4,11 TORONTO5 Hem-Fir Hem-Fir Fir Larch LP Pine1
— — — — 320 10 327 325 335 310 — — — 310 325 330 340 Fingerjointed ES-LP 2x4-8' 350
385 365 365 345
1–Applicable export taxes included.
KILN DRIED STUDS
2x3-8' PET 2x4-7'6" 2x4-8' PET9 2x4-9' PET 2x4-10' PET 2x6-7'6" 2x6-8' PET 2x6-9' PET
SPOKANE
2x4 2400f 2x4 1800f 2x6 2400f 2x6 1800f
GREEN KILN DRIED Hem-Fir or Douglas Douglas Fir & White Fir Fir Fir Larch SPOKANE
Southern Pine from: 2x4 #1 2x6 2x8 2x10 2x12
Fir & Larch
— — 330 338 — — 310 342
— — 320 325 — — 320 335
— — 325 325 — — 345 340
— — 375 — — — — —
270 — 316 304 — — 343 340
334 — 380 368 — — 409 406
358 — 404 392 — — 432 429
336 307 375 375 345 315 397 397
345 310 380 377 340 315 395 393
318 — 325 318 290 — 375 375
Douglas Fir6,7
Eastern S-P-F
PORTLAND TORONTO3,5
2x4-8' PET8,9 2x4-9' PET 2x4-10' PET 2x6-8' PET 2x6-9' PET 2x6-10' PET
245 240 235 240 255 250
275 275 255 295 285 —
Fir & Larch Western S-P-F11 2x4-9'&10' 350 2x4-8' 355 2x4-9'&10' 355 2x4-8' 325 Chicago3 389
1–Westside and central zone production. 2–Shipments from the Prince George, B.C., area; mill returns on freight contracts not included. 3–Prices delivered. 4–N. Ohio, W. Pa. 5–Canadian funds, GST not included. 6–From Portland, Ore., freight area. 7–#2&Btr. 8–Stud grade - 240 9–Full 8', add: 7-10 10–Southern Oregon mills - 320 11–Applicable export taxes included.
Copyright © 2010 Random Lengths Publications, Inc.
6
April 9, 2010
FRAMING LUMBER, Specified Lengths Customer Specified Loadings, Unless Otherwise Noted • Prices Net, f.o.b. Mill, Unless Otherwise Noted • Dollars Per Thousand Board Feet
SOUTHERN PINE, KILN DRIED, West1 8'
10'
12'
14'
16'
415 415 415 2x4 #1 380 395 390 2x6 370 375 360 2x8 350 365 360 2x10 2x12 490 480 510 410 385 390 2x4 #2 345 380 380 2x6 320 330 340 2x8 335 355 355 2x10 465 445 505 2x12 #2 22'&24' 2x6 – 400/420 2x10 – 345/320
395 375 345 375 485 390 375 335 350 475
465 390 360 350 485 455 375 355 340 475
SOUTHERN PINE, KILN DRIED, Central1 18'
20'
395 410 350 370 365 365 330 395 440 500 385 390 345 370 355 345 325 390 435 495 2x8 – 320/380 2x12 – 430/430
2x4 #1 2x6 2x8 2x10 2x12 2x4 #2 2x6 2x8 2x10 2x12
8'
10'
12'
14'
16'
18'
20'
22'
24'
415 363 355 365 490 405 335 303 340 450
390 395 350 383 455 380 377 313 365 425
390 375 355 380 500 383 367 325 365 488
395 380 355 375 465 383 370 320 360 447
452 390 375 375 495 443 375 362 360 480
380 353 355 345 450 365 350 345 330 437
430 380 375 465 570 375 360 345 398 520
— — — — — — 400 300 370 450
— — — — — — 445 445 350 450
1–Mills in Miss., Ala., and La. east of the Mississippi River.
1–Mills in Tex., Ark., Okla., and La. west of the Mississippi River.
HEM-FIR, KILN DRIED, Coast1
SOUTHERN PINE, KILN DRIED, East1
2x4 Std&Btr. 2x6 #2&Btr. 2x8 2x10 2x12
2x4 #1 2x6 2x8 2x10 2x12 2x4 #2 2x6 2x8 2x10 2x12
8'
10'
12'
14'
16'
18'
20'
415 380 375 365 498 413 320 307 350 460
388 375 365 378 435 375 368 317 370 412
385 372 345 380 490 375 347 325 370 485
390 380 370 388 460 385 362 323 375 430
452 400 375 380 505 440 365 367 377 490
410 388 392 370 465 390 335 347 365 440
440 420 380 460 572 405 357 365 385 525
1–Mills in Ga., Fla., S.C.; also N.C. and Va., where prices are usually higher.
SPRUCE-PINE-FIR, KILN DRIED, Eastern1 Delivered Boston 8' 380 2x4 #2&Btr. 395 2x6 Delivered Great Lakes 380 2x4 #2&Btr. 392 2x6
10'
12'
14'
16'
350 375
352 365
382 355
381 380
352 375
365 367
392 360
390 380
1–Applicable export taxes included.
8'
10'
12'
14'
16'
18'
20'
22'
24'
295 295 270 275 320
310 305 280 325 325
315 315 285 345 350
325 320 285 345 335
330 335 335 325 360
315 320 280 325 345
315 320 280 325 340
— 350 330 340 335
— 345 330 340 335
1–Flat car paper-wrapped loadings.
SPRUCE-PINE-FIR, KILN DRIED, Western1,2,4 2x4 #2&Btr.3 2x6 2x8 2x10 2x12
8'
10'
12'
14'
16'
18'
20'
300 290 257 303 270
278 288 295 332 310
284 268 305 412 452
311 285 264 362 395
313 298 277 323 520
296 325 276 310 370
290 308 276 282 365
1–Flat car paper-wrapped loadings; straight-length loadings. Prices reflect shipments from the Prince George, B.C., area; mill returns on freight contracts not included. 2–Applicable export taxes included. 3–For Std&Btr deduct: 4-6 4–For delivered Chicago prices add: 2x4 – 64 2x6 – 66 2x8 – 64 2x10 – 72 2x12 – 73
DOUGLAS FIR, GREEN, Portland 8' 2x4 Std&Btr. 2x6 #2&Btr. 2x8 2x10 2x12
245 240 220 195 230
1–22'&24' only: 2x6 –
22'1
24'1
26'
28'
245 255 255 290 270 270 — 245 245 245 280 255 260 300 220 235 230 285 255 255 280 230 250 285 285 250 250 265 235 260 235 280 250 285 285 285 2x8 – 270 2x10 – 250 2x12 – 270
10'
12'
14'
16'
18'
20'
— 290 280 265 285
— 320 285 285 295
— 325 315 305 305
DELIVERED PRICE COMPARISONS1 Std/#2&Btr. 2x4
Inland H-F Southern S-P-F:6 WEST4 or W-F Pine5
Atlanta Dallas Houston Detroit Chicago Kansas City Minneapolis Memphis Boston New York Philadelphia Baltimore Niagara Pittsburgh Windsor Columbus Jacksonville Charlotte San Francisco Los Angeles Phoenix
— — 409 409 394 391 391 — 440 438 — — — 420 — — — — — — —
421 438 439 — — 453 — 435 — — — — — — — — — — — — —
EAST
402 2
Douglas Fir (Gr.)
388 — 376 — 345 381 402 — 369 374 — 364 383 340 364 — 342 362 — — 372 — — 387 368 — 388 390 385 387 391 — 388 393 — 364 — — 381 382 — 364 373 — 378 382 — 388 410 — 391 399 — 354 — 317 366 — 340 372 — 348 2– #3 2x4 - 355 3–Denver - 397
#2&Btr. 2x10
Inland H-F Southern S-P-F:6 Douglas WEST or W-F3 Pine5 Fir (Gr.)
— — 416 422 403 401 402 — 455 444 — — — 432 — — — — — — —
395 384 385 — — 399 — 405 — — — — — — — — — — — — —
436 425 429 417 412 412 410 420 436 438 436 437 412 429 412 428 439 443 398 412 419
— 331 — — 320 327 — — — 375 — — — — — — — — 300 325 333
Studs - 2x4 - 8' PET
Inland Southern S-P-F:6 WEST H-F Pine
— — 412 398 379 376 376 — — — — — — — — — — — — — —
— 408 409 — — 423 — 407 — — — — — — — — — — — — —
404 392 397 385 380 380 378 388 403 404 403 404 380 397 380 394 404 407 370 382 388
EAST
Douglas Fir (Gr.)4
400 — 400 372 381 — — — 375 397 398 400 — 380 371 380 408 397 — — —
— — — — 321 321 — — — 375 — — — — — — — — 293 318 —
1–Kiln dried unless otherwise noted. 4–#2&Btr. 5–#2. 6–Applicable export taxes included. Delivered prices are published as a guide only to provide approximate delivered costs at each destination. Freight costs are based on prevailing rates for the most commonly used carriers, routings and types of loadings for each product and destination. No allowances are made for contract rates, special discounts, and other routings for which there can be substantial variances from the prices shown. All prices are in U.S. funds.
7
April 9, 2010
SELECTS & COMMONS Prices Net, f.o.b. Mill, U.S. Funds, Unless Otherwise Noted • Dollars Per Thousand Board Feet
PONDEROSA PINE, KILN DRIED INLAND MILLS
C&Btr.
D
1,190 2,040 1,710 1,490 1,960
790 970 975 960 1,840
CALIFORNIA MILLS C&Btr. 1x4 1,400 1x6 1,200 1x8 1,200 1x10 1,100 1x12 1,400
700 800 800 850 1,300
1x4 1x6 1x8 1x10 1x12
D
IDAHO WHITE PINE, KILN DRIED
#2&Btr.
#3
#4
365 450 500 555 750
315 400 395 495 545
275 285 290 310 350
#2&Btr.
#3
#4
365 455 510 570 735
330 410 415 505 555
265 300 300 300 330
1x4 1x6 1x8 1x10 1x12
250 255 255 285 320 275
To California 1x4 Util.&Btr. 1x6 Std.&Btr.
PORTLAND
350 350
D&Btr. #2&Btr.
#3
#4
375 470 540 570 745
330 420 420 510 580
265 300 300 300 330
800 925 925 925 1,550
D&Btr.
#2&Btr.
#3
#4
590 575 630 700 780
445 485 595 580 740
325 385 390 445 550
255 255 270 270 320
840 840 755 740 755
Standard
Industrial
330 495 435 470 535
280 295 295 290 330
1–NELMA rules; mills in Northeast U.S. Prices shown reflect S4S boards, including items in which the majority of volume produced is pattern stock.
SOUTHERN PINE, KILN DRIED C&Btr.
630 775 835 940 1,270
1x4 1x6 1x8 1x10 1x12 West #21 1x4 1x6 East #22 1x4 1x6
EUROPEAN SPRUCE1 #2 1x4 1x6 1x8 1x10 1x12
Premium
1,110 1,675 1,300 1,550 1,735
1x4 1x6 1x8 1x10 1x12
ENGELMANN SPRUCE-LODGEPOLE PINE, KILN DRIED 1x4 1x6 1x8 1x10 1x12
Utility
345 395 395 510 590 445
EASTERN WHITE PINE, KILN DRIED1
D
1,725 1,450 1,450 1,525 1,850
Standard
720 715 720 720 720 720
DOUGLAS FIR, GREEN
SUGAR PINE, KILN DRIED C&Btr.
Sterling 1x4 1x6 1x8 1x10 1x12 1xRWRL
550 575 620 605 725
D
#2
#3
565 650 740 565 940
440 440 455 430 525
325 310 280 295 300
8'
10'
12'
14'
16'
410 335
400 350
445 480
395 405
530 435
335 335
340 360
440 450
365 375
505 435
1–Mills in Tex., Ark., La., Miss., and Alabama 2–Mills in Ga., Fla., S.C., N.C., and Va.
5/4x6 R.E.D. West1 Standard Premium East2 Standard Premium
1–Prices f.o.b. truck, Gulf and East Coast ports; tallies heavy to 12-16-foot lengths.
8'
10'
12'
14'
16'
560 725
495 730
495 730
435 625
545 805
525 735
475 750
475 755
420 715
515 840
1–Mills in Tex., Ark., La., and Miss. 2–Mills in Ala., Ga., Fla., S.C., N.C., and Va.
WESTERN RED CEDAR, S1S2E, Hit & Miss6 COAST MILLS1
INLAND MILLS1 Boards Std.&Btr.
No-Hole
625 675 800 810 1,050
690 780 900 960 1,130
1x4 1x6 1x8 1x10 1x12
Siding2 CHANNEL
BEVEL
— — 1,150 5 — —
— — 840 940 —
KD BEVEL
KD T&G
D&Btr.
#3&Btr.
#4
— — 850 — —
— 1,225 3,7 — — —
1,425 2,125 2,125 2,575 2,575
585 810 800 1,255 1,610
175 225 245 285 315
3,4
1–Green 3/4" except where noted. 2–WCLIB rule 111(e) and (f). Stock containing up to 15% Quality. 3–11/16". 4–3/4": 1,075 5–1x8 KD Channel: 1,280 6–Applicable export taxes included on Canadian stock. 7–WP-4, smooth face
1–Kiln Dried 7/8"
EASTERN SPRUCE-PINE-FIR1 BOSTON:3
1x3 1x4
DRIED 10/15% Utility&Btr. R/L
375 325
8'
345 305
GREAT LAKES:3
R/L
8'
370 320
340 310
1–Prices delivered. 2–Canadian funds, GST not included. 3–Applicable export taxes included.
PRICES ARE PUBLISHED AS A GUIDE ONLY to sales at the manufacturer level in carload or similar volumes during the week of publication. No attempt is made to predict future prices or trends. Specific sales, because of variations in stock quality and tallies, result in prices that are higher or lower than those published. The report is based on sizes and grades that conform to Product Standard 20-05 and on surfacing, grademarking and discounts that conform to general industry practices; on stock that originates in the principal producing region for each species; and on randomlength loadings that contain a normal assortment of the lengths most desired in each size.
8
April 9, 2010
INDUSTRIALS, SPECIALTIES, AND OTHER ITEMS Prices Net, f.o.b. Mill, U.S. Funds, Unless Otherwise Noted • Dollars Per Thousand Board Feet, Unless Otherwise Noted
ECONOMY/#41 KILN DRIED
GREEN Inland Southern Pine from: WEST CENTRAL Hem-Fir Fir & Larch
Coast Hem-Fir2 2x4 2x6 2x8 2x10 2x12 2x4—8'
Spruce-Pine-Fir Eastern Western3
210 210 — — — —
220 200 — — — —
220 200 — — — —
258 245 243 222 237 —
EAST
265 255 245 240 245 —
265 258 250 240 250 —
Spruce-Pine-Fir Eastern Douglas Fir
BOSTON5
GREAT LAKES5
TORONTO4
TORONTO4
PORTLAND
255 235 — — — 270
260 240 — — — 275
255 245 — — — 255
215 215 — — — 240
180 180 145 145 145 —
183 183 177 178 178 —
1– Selected stock; unsound wood and wane restricted. 2– May also contain Douglas Fir. 3– Canadian funds, GST not included. 4– Prices delivered to Toronto in Canadian funds, GST not included. 5– Delivered; applicable export taxes included.
SOUTHERN PINE PRESSURE-TREATED LUMBER Net f.o.b. treating plants in Va., Ga., Fla., N.C., S.C., & Ala. Waterborne Copper-Based Preservatives. Wet from the cylinder.
FRAMING LUMBER1 (Use Category 3)2 8'
2x4 #2 2x6 2x8 2x10 2x12
10'
498 413 397 445 555
465 460 410 460 505 60-70
1–For KD after treatment, add:
12'
14'
16'
465 437 415 462 577
473 452 417 472 523
530 457 460 467 580
2–Meets AWPA standard for above-ground use.
POSTS, BEAMS AND TIMBERS GREEN DOUGLAS FIR, RL
#1&Btr., Portland Rough1,2 S4S3 6x6, 12/24' 585 550 6x8-6x12, 12/24' 550 520 6x14-6x16, 12/24' 610 — 8x8-8x12, 12/24' 750 — 8x14-8x16, 12/24' 770 —
PORTLAND1 EUREKA1
4x4, 8/20' #2&Btr. 4x6, 8/20' 4x8, 8/20' 4x10, 8/20' 4x12, 8/20'
360 335 290 305 285
365 350 320 330 270
1–For Select Structural, add: 90 2–Full sawn; 100% FOHC 3–100% FOHC; no-wane add: 75
1–70% FOHC
SOUTHERN PINE, KILN DRIED1
West2 4x4 #2 4x6 6x6 East3 4x4 #2 4x6 6x6
8'
10'
12'
14'
16'
415 425 430
460 370 380
460 405 405
375 395 390
435 420 415
415 420 425
455 355 390
455 415 410
370 390 385
440 420 415
SQUARES AND TIMBERS (Use Category 4)4 8'
10'
12'
14'
16'
4x4 #2 4x6 6x6
565 600 600 520 585 560 505 565 540 565 570 540 560 535 560 BOARDS/R.E.D.3 (Use Category 3)2 1x4 #2 440 455 530 475 600 1x6 445 480 555 495 555 5/4x6 Std. 645 595 595 545 640 Premium 850 865 870 830 960 3–For KD after treatment, add: 60-70 4–Meets AWPA standard for ground contact.
WESTERN RED CEDAR DIMENSION1
AG2
Rough
TIMBERS, Standard Sawn1
S4S
585 685 2x4 Std.&Btr. 660 715 645 720 2x6 #2&Btr. 755 680 825 2x8 1,030 940 930 2x10 1,120 1,040 1,120 2x12
AG2 Rough S4S 775 850 3 4x4 Std.&Btr. 815 875 825 — 4x6 #2&Btr. 875 825 — 4x8 1,000 950 — 4x10 1,100 1,000 — 4x12 1,020 970 — 6x6
1–Applicable export taxes included on Canadian stock. 2–Appearance grade - no wane, no rot, no holes. 3–#1 Appearance grade: 1,125
DECK GRADE1
SIDING1,2
Custom Knotty3
Architect Knotty3
GREEN
GREEN
500 800 —
760 995 985
KILN DRIED
Clear VG
A Rustic 1/2x6 1,735 1,455 1,190 1/2x8 1,880 1,750 —
1–25% moisture content or less. 2–Mills in Tex., Ark., La., Miss., and Ala. 3–Mills in Ga., Fla., S.C., N.C., and Va.
2x4 2x6 5/4x6 R.E.D.
S2S MOULDING AND SHOP
1– Applicable export taxes included on Canadian stock. 2– Full length bundling, 3' & longer. 3– WRCLA trademarks.
PONDEROSA PINE1
800 1,030 1,035
Moulding 3rd Clear #1 Shop #2 Shop #3 Shop Para. 99
4/4 Std. 5/4 Hvy. 6/4 Hvy.
685 — —
640 880 895
470 840 845
385 740 765
— 660 645
— 475 475
WHITE FIR 5/4 Hvy.
—
700
655
550
460
—
— —
915 935
840 865
775 795
625 645
— —
RADIATA PINE2 5/4 Hvy. 6/4 Hvy.
FENCING1 1x4 #1 2F 6' 1x4 #2&Btr. NH 6' 1x6 #1 2F 6' 1x6 #2&Btr. NH 6'
Full Sawn Rough Standard Rough
475 430 610 575
— 295 — 510 1– NH: No hole. 2F: Graded two sides. For dog-ear add: 10-20
S1S2E2
495 345 695 590
2– Applicable export taxes included on Canadian stock.
ROUGH MOULDING & BTR3 Ponderosa Pine
5/4 6/4
1,295 1,295
INDUSTRIAL FINGERJOINT Radiata Pine 5/44,6 Elliottii/Taeda Pine 5/45,6
White Fir
1,100 —
Radiata
Pine2
1,240 1,240
Blocks
Blanks
1,005 930
1,260 1,190
1– Prices for Sugar Pine usually slightly higher. 2– Prices f.o.b. dock West Coast ports; tallies heavy to 14- and 16-foot lengths. 3– Includes 15-20% C&Btr. 4– Prices f.o.b. West Coast ports. 5– Prices f.o.b. Gulf and East Coast ports. 6– Four sides clear, no defect.
SHINGLES
H/S & R/S SHAKES2
Palletized Loadings, Prices Per Square #1 16"—5X 90.00 18"—Perfections1 102.00 18"—Rebutted, Rejointed1 78.00
Palletized Loadings, 9/9 Pack, Prices Per Square 1/2x24"1 105.00 3/4x24"1 125.00
1– TOFC shipments to Midwest and East.
#2
65.00 70.00 —
2– 5/8"x24" Tapersawn (UBC):
100.00
April 9, 2010 price gains of $15-25 on specified lengths of the narrows of #1 and #2 in all producing zones. Orders were usually small, simply to fi ll inventory holes, as many customers were wary of recent price increases in a market where housing and economic news didn’t support such price jumps. Limited supplies of timbers continued to support doubledigit price increases. Traders expected that recent gains would encourage more production of timbers, but many buyers said they were still scrambling for coverage this week. Mill offerings of 4x6 were especially scarce. Interest in radius-edge decking picked up, with demand heavy to the short lengths.
Inland ^ Upward momentum in prices intensified as mills fielded solid demand and pushed order files into the latter part of the month. Prices of most Std&Btr and #2&Btr random items gained by double digits. The narrows of White Fir/Hem-Fir climbed to $340 and higher at Spokane rate mills. As in other species, demand for 14-foot in the narrows was strong. In 2x10, tallies heavy to 16s were a tougher sell. Fir&Larch Std&Btr or #2&Btr 2x4 sold readily; quotes reached as high as $350 late in the week. However, 2x6 remained a laggard, and sales Thursday were reported in a $310-315 range. Gains in the wides were led by a $17 jump in 2x12. Ponderosa Pine prices advanced, led by 2x4. In the upper grades, Hem-Fir/White Fir Select Struc 2x4 jumped, as did the Fir&Larch 2x4 MSR grades.
Coast ^ Sales outpaced production at Coast mills, allowing producers to lift quotes. Distribution yards, treaters, and truss manufacturers were among the week’s most active participants. Competition for Hem-Fir logs stiffened as plywood mills and exporters stepped up their purchases. Hem-Fir 22s and 24s posted $5-10 gains. Fir prices moved higher in brisk trading. The unusually large premium of dry to green prices continued to draw attention. Prices of Utility, #3, and Economy advanced in the narrow widths.
Green Framing Lumber Douglas Fir ^ Fir prices ratcheted upward in response to solid sales to California, the Northeast, and parts of the Midwest and Southwest. Some producers had relatively little green to offer, because they were running as much of their output through kilns as possible to capitalize on big premiums in dry markets. One major reported having its best sales week and strongest order fi le of the year. A few mills priced their stock defensively after fi les reached the end of April. Wholesalers worked from long positions, readily taking profits on what they owned at levels below mill replacement values. Std&Btr 2x4 at Portland-rate mills finished at around $260, and a few sales at $265 were reported Thursday. #2&Btr 2x8 tightened, and mill quotes climbed sharply. Demand for the wides was brisk as buyers in Texas and Oklahoma substituted green Fir for harder-tosource dry #3. 4x4 and 4x6 edged upward at Portland-rate
9
mills. Cuttings continued to sell at around previously established levels.
Spruce-Pine-Fir ^ Modest upward pressure on prices of #1&2 narrows prevailed in the Toronto market. Demand was far from robust, but mills sold what they offered and finished the week with solid order fi les. Sales to Montreal were stronger. #3 2x4 and 2x6 prices held firm in Toronto.
Stud Lumber A Western S-P-F prices climbed unevenly as some mills focused on extending order fi les at recently established quotes. Prices of 2x4-8s and -9s gained $11 and $12, respectively, for the week; quotes on premium quality 8-foot reached into the mid-$320s. 2x6 lagged, with both 8s and 9s often priced in a $339-344 range. Some fingerjointed plants boasted order fi les well into May. Sales of Eastern S-P-F were most robust in U.S. markets; reported prices of 2x4-8s and -9s advanced $7-10. 2x4-10s were mixed. One producer reported sales as high as $355, Great Lakes, but multiple loads were still available at around $335 in this market, and around $C285, Toronto. A perception that green Fir was a solid value in comparison with other species sparked sales into non-traditional markets such as Missouri, Texas, and Oklahoma. Prices of all trims finished the week with $10-15 gains. Most mills were booked out two weeks or more. Prices of Coast species jumped $10-20 in brisk trading. Buyers reported that Hem-Fir was difficult to source. 2x6-9s were a standout in Hem-Fir and Douglas Fir; sales of this trim in Fir reached $350 at a few mills. An upward push in prices at Inland mills gained momentum. Gains in all reported prices were in a $15-20 range, with 2x6 leading the way in Fir&Larch and ES-LP. 2x6-9s were tight, and they sold readily as they developed. Prices of fingerjoint studs edged up; scant supplies limited sales.
Lumber Composite Price Comparisons1 This Last Week Week
Year Ago
Random-Length Dimension
330
318 200
Stud
332
320 190
Low-Grade Random Dimension 266
260 131
Board
531
530 436
Shop and Mldg&Btr
705
705 437
Coast Dry Random and Stud
313
300 164
Inland
391
384 250
Southern Pine
369
354 235
Western S-P-F
307
299 167
Eastern S-P-F
348
341 237
Green Douglas Fir
272
258 186
Weekly Changes($)*
* 52 weeks. 1–For a list of items included in each composite, go to www.rlpi.com and click on In Depth > Useful Data > Monthly Composite Prices.
Continued on page 10…
10
April 9, 2010
Other Items Boards ^ A growing perception of downside risk pushed western board buyers to the sidelines. Many distributors and dealers worked through loads purchased earlier, often noting that their sluggish sales reduced the urgency to replenish. Buildups were most evident in Ponderosa Pine #3 1x12. Sales in the low $500s were reported. Brisk sales of #4 were driven largely by strong demand offshore. ES-LP sales slowed, but producers leaned on lengthy order fi les and limited supplies. Excesses, however, were harder to move when they surfaced. Some European Spruce #2 suppliers garnered premiums on narrows on sales near ports in the Southeast. Loads requiring longer land shipping distances ran into competitively priced ES-LP 1x4 and 1x6. Prices of Southern Pine #2 narrows continued to surge. Double-digit increases were common in both zones. Eastside gains were especially strong. D 1x4 grew increasingly scarce. Buyers actively sought this item as a substitute for tight #2 and to fi ll the void in Chilean shipments of appearance grade boards. Suppliers frequently turned away inquiries for #3, citing a lack of stock. The pace slowed modestly in Eastern White Pine. Many mills focused heavily on fractional sizes and specialties, noting surging demand for several 5/4-inch items. Standard 1x6 and 1x8 were readily available. Prompt loads also emerged in Premium narrows.
Shop ^ Sales slowed in shop and Mldg&Btr markets. Traders noted that seasonal gains in demand remained conspicuously absent. Ponderosa Pine #3 5/4 shop was tighter than 6/4, but trading lacked urgency in both thicknesses. Cut stock plants, window manufacturers, and other
Lumber Production, Sales, and Shipments (Western U.S. mills) Coast Week Ending Production Orders Shipments Unfilled Orders Inventories
Apr 3
127 147 133 271 532
Inland
Mar 27 Mar 20
132 140 142 256 538
126 135 135 259 549
Apr 3
Mar 27
69 89 77 248 427
77 72 78 236 435
mmbf. From data compiled by the Western Wood Products Association. Most current week’s data subject to revision.
Information Services for the Forest Products Industry Web sites: Random Lengths My Print (www.rlmyprint.com) for on-demand graphs and custom price reports. Free Daily WoodWire at www.rlpi.com. Newsletters (postal or e-mailpdf): Random Lengths Weekly Report, International, Yardstick. Books: The Big Book, Yearbook, Buying & Selling Softwood Lumber & Panels, Terms of the Trade. Upon release Lumber, Panel, and Midweek reports (fax, or e-mail pdf, xls, or dbf). Copyright © 2010, Random Lengths Publications, Inc. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, facsimile, or any information storage and retrieval system, without written permission. Retransmission by fax, e-mail, or other means, which results in the creation of an additional copy, is unlawful. Printed in U.S.A. ISSN 0483-9420
Mar 20
74 87 73 241 436
buyers turned away additional offerings for April shipment, but producers rejected counters. Lukewarm Mldg&Btr sales were enough to support firm prices. News that most key Chilean mills were either operating or would be on line by month's end eased concern about supply shortages in Radiata Pine. Meager demand undermined higher quotes from New Zealand producers. Offerings in the secondary market were available at prices below mill levels. A few mills in Chile offered discounted loads for May shipment. Quotes for Radiata Pine blanks reached $1,300 or more, but buyers resolutely balked at the higher levels. Brazilian suppliers pushed order fi les on finished mouldings into June.
Treated ^ The strong sales pace in treated Southern Pine was unabated as warm, dry weather released pent-up demand across the South. Inquiries also picked up from customers in the Midwest and Northeast. Treaters said the biggest push came from home centers as do-it-yourselfers flocked to stores to begin spring projects. Double-digit price increases were the rule. In #2 dimension, narrow widths gained around $15, while 2x8&wdr rose $10-12. Timbers remained tight, and prices posted $10-25 increases. Short lengths of radius-edge decking rose $5-10.
Cedar ^ Buyers were more proactive, often stocking inventories rather than simply replacing what had been presold. However, loads remained small and heavily mixed. Urgency varied widely from one customer to the next. Traders sensed little to no sympathy with commodity markets. The lowering of the Canadian export tax for May did nothing to generate business. Canadian producers believed any benefits of the lower tax were already more than offset by a devalued U.S. dollar. Sales within Canada were steady, and mills garnered premiums to their U.S. sales prices. In the U.S., the Rocky Mountain region was quiet, albeit because of typical spring weather conditions. Some producers reported that first-quarter bevel sales had doubled compared to the same quarter in 2009, yet others quoted 11/16x8 at $800 and longed for orders. Fencing sales were stronger at home centers in warmer markets.
Shingles & Shakes ^ Continued light production helped mills hold to their quotes, although those varied significantly from one mill to another. Canadian mills maintained a firm stance because of the U.S.-Canada exchange rate. Some producers moved unusually large quantities into reloads. Steady to brisk inquiries led to spotty sales. Publisher: Jon P. Anderson Editor: Shawn Church
Associate Editors: Joseph Heitz, Jeff Redd, Pete Malliris, Tim Cochran, Jim Murez Computer Services: David West (manager), Dan Guzman Production: Nancy West (marketing manager), Terri Anderson, Terri Richards, Laura Lacasa Subscriber Services: Janna Land (business manager), Joy Knick, Jackie Wright Editorial offices: 450 Country Club Road #240, Eugene, Oregon 97401-6078 Mailing address: P.O. Box 867, Eugene, Oregon 97440-0867 Phone: 888-686-9925 (Toll-free U.S./Canada) or (541) 686-9925 Fax: 800-874-7979 (Toll-free U.S./Canada) or (541) 686-9629 E-mail: [email protected] Web site: www.rlpi.com
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April 9, 2010
11
Panel Market Report Panel Market Indicators This Week Last Week
Year Ago
Weekly Changes($)*
52-Week Trend Structural Panel Composite Price $410 $382 $240 Oriented Strand Board Composite 351 315 173 Southern Pine Plywood Composite 542 517 366 Western Fir Plywood Composite 554 535 407 410-430 388-410 250-270 * For a list of items 15/32" 4-ply Rated Southern included in each 404 378 231 1/2" 4-ply Exterior Western composite, go to www. rlpi.com and click on In 300 270 148 7/16" OSB (North Central) Depth > Useful Data 775 775 705 23/32" AC Sanded Western > Monthly Composite 42.75 41.75 27.50 Prices Fir 1/10" CD Veneer Mix
$420 $380
Structural Panel Composite Price
$340 $300 $260 $220 2Q 09
3Q 09
4Q 09
1Q 10
2Q 10
Oriented Strand Board ^ An OSB market that
Western Plywood ^ Sales picked up momentum late
was already overheated became white-hot. Even as prices soared, mills continued selling. By Friday morning, most mill order fi les were into May, and a few reached June. Many producers were off the market as much as they were on, to get orders entered and to keep fi les reined in. They often came back on in a defensive posture with sharply higher quotes. That strategy had limited success as need trumped price for some buyers. Demand was particularly robust in Texas, and the reported price of 7/16-inch in the Southwest hit $300 for the first time since January 2006. Prices in that region haven’t dropped since last October.
in the week on the heels of strong gains in other structural panel markets. Both mills and secondaries sold western plywood to typical Southern Pine plywood buyers. Sales were further buoyed by agricultural customers, whose orders helped one producer extend shipment times into June. Strong sales to home centers also drove the market. Most order fi les extended to the week of May 10, and some mills were off the market or selling only measured quantities.
The week’s sharp price increases incensed some dealers, particularly those who were upside down on jobs bid weeks ago and now needed coverage. Others were glad to reap big profits on loads purchased earlier. Traders widely agreed that most had underestimated the market’s lack of supply. “Big and small dealers, it doesn’t matter — they all need wood and there is very little around,” said a wholesaler in the Midwest. Whether mills would or could add production was widely discussed; most traders assumed that gaps in current mill operating schedules were quietly being filled.
Southern Plywood ^ Another week of strong sales that came in spurts put most Southern Pine plywood plants’ order fi les into the weeks of May 3 and 10. Reported prices leaped by double digits, with some producers lifting quotes in $10-plus increments at the end of the week. Most secondaries stayed in the market cautiously, although some wholesalers backed away to focus almost solely on the wood they were committed to move through long-term contracts. Truckloads moved to the docks in the Gulf steadily, supplying both Haiti and the government’s needs in the Middle East. Availability of trucks remained tight, with some shipments delayed as a result. In rated sheathing, 23/32-inch was in greatest demand; quotes hit $600 and more in all zones. Westside 15/32-inch 4-ply sales were reported in a $400-415 range late in the week, and one producer reportedly tested $430. Eastside producers lifted 15/32-inch 4-ply quotes into a $420-445 range. Sanded prices gained, but demand eased. Concrete form sales pushed 23/32-inch prices up $40 or more.
Producers sold limited quantities of 1/2-inch 4-ply sheathing at $400 as early as Tuesday afternoon. Others caught up with brisk sales through Friday morning, and the reported price finished at $404. Other thicknesses of CDX rose $17-40. Underlayment lagged only slightly. Prices of CCX gained on light sales; mills quoted defensively, less willing to use faces for those panels. Concrete form prices gained for similar reasons, but other specialties were unchanged. Buyers supported higher mill grade prices that mills brought more in line with traditional spreads to on-grade.
Veneer ^ Many green ends continued to push prices higher amid solid demand from the plywood and LVL sectors. Some producers applied the brakes, however, and a few buyers reported more offerings of green and dry, which they cited in resisting higher prices sought by some of their suppliers. Veneer remained tight for other users. CD 1/8 wides with good grade-outs for LVL were short. White wood 1/6 remained tight, and prices of the wides continued to advance at a strong clip. AB prices rose $1-2.
Particleboard ^ Upward price momentum moderated in a supply-starved MDF market. Some producers in the West raised quotes aggressively and sold at higher levels. Others, however, were more conservative, citing anemic overall demand and concern about the market's sustainability beyond May or June. Uniboard's new line in Moncure, N.C., is expected to start producing on-grade panels by the end of April. Particleboard mills in the South and East maintained solid order fi les. Fiber shortages eased modestly. Mills in the West struggled to maintain sales momentum from one week to the next, but generally held prices firm. Discounts for prompt loads surfaced occasionally. Some Canadian mills reported strong sales within Canada.
12
April 9, 2010
Panel Price Guide Panel Weekly Price Changes Oriented Strand Board
3/26
4/2
7/16" (North Central) 7/16" (Eastern Canada) 7/16" (Southwest) 23/32" T&G (North Central) 23/32" T&G (Eastern Canada) 23/32" T&G (Southwest)
+16 +8 +15 +25 +10 +20
+22 +40 +25 +50 +22 +30
This Week Chg 3 Weeks
+30 +35 +30 +40 +60 +50
+68 +83 +70 +115 +92 +100
Plywood/Veneer 15/32" Rated (Southern-West 4-ply) 1/2" CD Exterior (Western 4-ply) 23/32" Underlayment (Southern-West) 23/32" Underlayment (Western) 23/32" AC Exterior (Western) 1/10" Douglas Fir CD 54" Veneer
3/26
4/2
+3 +8 +30 +25 +30 +1.50
+18 +8 +20 +15 0 +1.00
This Week Chg 3 Weeks
+22 +26 +25 +20 0 +1.00
+43 +42 +75 +60 +30 +3.50
Prices Net, f.o.b. Mill, Unless Otherwise Noted • Prices Per Thousand Square Feet
ORIENTED STRAND BOARD
WESTERN PLYWOOD SHEATHING CD Exterior
NORTH WESTERN EASTERN SOUTH SOUTH MID CENTRAL CANADA CANADA WEST1 EAST2 ATLANTIC3 TORONTO4
— 290 300 315 325 400 495
1/4" 3/8" 7/16" 15/32" 1/2" 19/32" T&G 23/32" T&G
DELIVERED PRICES Seattle Portland Sacramento5 Los Angeles5 Denver Salt Lake City Phoenix5 Vancouver4 Calgary4
— 325 325 340 350 450 540
180 300 305 320 330 380 450
— 295 300 315 325 400 460
— 283 288 313 323 395 450
— 290 295 320 330 410 465
215 310 320 340 350 430 490
315 3/8" 395 1/2" 3-ply 1/2" 4/5-ply 404/420 5/8" 4/5-ply 455/470 3/4" 4/5-ply 555/570
CD Struc I
CC Exterior
320 — 430 480 585
330 — 440 485 590
7/16"
15/32"
357 359 345 350 345 345 350 350 345
357 359 368 375 360 360 375 350 345
377 379 383 390 375 375 390 370 365
19/32" T&G 23/32" T&G
500 505 505 510 505 505 510 510 505
600 605 590 595 585 585 595 600 595
1–Plants in Tex., La., Ark., and Okla. 2—Plants in Ga., Ala., Miss., S.C., and Tenn. 3–Plants in Va., W. Va., N.C. 4–Prices delivered in Canadian funds, GST not included. 5–Add 10-20 for Struc 1.
400 — 495 565 650
265 — 325 350 440
SANDED Exterior AC
3/8"
CC Plugged & Mill Touch Sanded Grade
455 495 600 685 775
1/4" 11/32" 15/32" 19/32" 23/32"
UNDERLAYMENT C X-Band, T&G 19/32" 520 23/32" 610 1-1/8" 805
BC
AB
AA
410 450 555 640 730
590 630 735 820 910
605 645 750 835 925
SIDINGS, Rough Sawn
6-Patch 11/32" 19/32" 19/32" RBB CONCRETE FORM 18-Patch11/32" 19/32" 735 5/8" 3/4" 19/32" RBB 795
8'
9'
10'
645 845 910 540 790 845
995 1,195 1,260 720 970 1,025
1,005 1,205 1,270 730 980 1,035
SOUTHERN PLYWOOD1 SHEATHING From: 3/8" 15/32" 3-ply 15/32" 4-ply 19/32" 4-ply 23/32"
Rated
WEST
CENTRAL
EAST
305 400 410 500 595
300 — 410 500 600
310 410 430 505 605
SANDED
WEST
CENTRAL
EAST
220 270 340 350 430
220 280 340 350 430
235 290 360 375 465
BC Exterior
EAST
WEST
EAST
425 430 520 635 750
415 410 500 585 675
400 400 480 560 670
C X-Band, T&G WEST CENTRAL
515 525 655 655 CONCRETE FORM — 19/32" 650 23/32" 845 — 19/32" 23/32"
EAST
550 665 675 870
CD—8'
54" 47.50 Douglas Fir 1/10" 59.25 Douglas Fir 1/8" White Woods 1/6"2 70.50
27"
RW
F/T
Mix1
33.50 41.75 56.50
27.00 33.75 39.50
24.50 30.50 34.50
42.75 53.50 —
Douglas Fir 1/10"
54"
27"
112.00
102.00
1—75% 54", 10% 27", 10% RW, 5% F/T. 2—White Fir, Hemlock, Spruce
PARTICLEBOARD Industrial WESTERN
SOUTHERN
COAST1 INLAND2 CENTRAL3 EAST4
SIDINGS, Rough Sawn, 8-foot, 6-patch From: 11/32" 19/32" Grooved 4" or 8" o.c. 19/32" RBB
WEST COAST VENEER
AB—8'
UNDERLAYMENT
AC Exterior
From: WEST 1/4" 450 11/32" 440 15/32" 525 19/32" 630 23/32" 730
Mill Grade
WEST
EAST
430 665 690
450 690 715
1—West – Plants in Tex., La., Ark.; Central – Plants in Ala., Miss.; East – Plants in Ga., Fla., S.C., also N.C. and Va., where prices are slightly higher.
For Plywood Service Charges, see www.randomlengths.com. Go to In Depth > Useful Data > Plywood Service Charges, or call Random Lengths at 1-888-686-9925
3/8" 1/2" 5/8" 11/16" 3/4" 1-1/8"
220 240 275 — 315 —
225 235 275 305 315 495
235 250 295 310 330 500
185 205 240 — 280 —
— — 505 — 525 —
— — 475 — 515 —
1—Western Ore. 2—Eastern Ore. 3—Ark., La., Miss., Ala. 4—Ga., S.C. 5—Thermally fused. Coated on both sides, commodity face grade (80 gram), standard white.
MEDIUM DENSITY FIBERBOARD WEST1 EAST2
Copyright © 2010 Random Lengths Publications, Inc.
205 215 245 — 290 —
Melamine5 Interior Underlayment WEST EAST WESTERN
3/8"
1/2"
5/8"
3/4"
360 350
390 410
485 495
535 540
1—Plants west of the Mississippi River. 2—Plants east of the Mississippi River.
Questions should be directed to: The Publisher, Random Lengths Publications, Inc. PO Box 867, Eugene, Oregon 97440-0867 Phone toll-free (888) 686-9925 in U.S. and Canada, or Phone (541) 686-9925; Fax: 541-686-9629 E-mail: [email protected]; Web site: www.rlpi.com
April 9, 2010 Vol. 66, Issue 14
The Market
Inside TAK
Random Lengths Composite Prices
Framing Lumber: Board: Shop/Mldg&Btr: Structural Panel:
+14 +1 n.c. +28
Market Reports
2
3
4
9
10
11
MDF prices setting records at mills in the East
Retailers hike threemonth sales expectations
2x4-14s a standout in various framing species
2x6-9s lead the way in trading of western studs
Cedar buyers more attentive to seasonal needs
OSB leads sharp gains in structural panel prices
Overseas demand quietly contributes to market run Strength in lumber and panel prices has frustrated many North American retailers and secondaries, whose own sales have been lukewarm at best. Their question often takes some form of, “Where’s this wood going?”
Increasingly, the short answer from their suppliers has been: overseas. Other factors — seasonal improvement in demand, a thinly supplied distribution pipeline, and mill production that remains drawn down — have played into the market’s run-up since the start of the year. But knowledgeable observers say the impact of offshore sales is being overlooked by many.
Copyright © 2010, Random Lengths Publications, Inc.
“At some point in the future, our domestic customers are really going to be shocked to find out about the amount of lumber that’s being shipped overseas, and that they‘re no longer able to ‘just-in-time’ their immediate needs,” a large producer told Random Lengths in December. That point may have arrived. China’s purchases of lumber from Canada soared 123% in 2009 compared to 2008 volumes. U.S. lumber exports to China jumped 72% year over year. The upward trend in sales to China continued through the first quarter. Much of the material destined for China is low grade, but Chinese purchases of the uppers have also increased. Mills in the West and Western Canada have benefited the most from this business. One Coast producer estimated that 11% of his company’s output currently is being sold to overseas destinations. Southern Pine exporters also report stronger sales to China. U.S. exporters are still trying to get a handle on reconstruction efforts in Haiti, in the wake of the January 12 earthquake that leveled Port-au-Prince. The quake killed 230,000 and left one million homeless.
Unconfirmed reports of large blocks of both lumber and panels being sold to Haiti have circulated in recent weeks. The Department of Commerce has set up a Web site to provide updates about procurement opportunities funded by the U.S. government and international development banks. To register, log on to www.buyusa.gov/caribbean/ en/helpinghaiti.html. Providing food and medicine, and clearing rubble remain top priorities for aid agencies in Haiti. However, building shelters consisting of more than tarps has taken on urgency with the approach of the rainy season. Several mills in the Inland West are trucking lumber to West Coast ports to be loaded into containers and shipped to the Far East and Australia. Among the products they’re exporting: low grade, MSR, and lamstock. One Inland producer estimated that 10% of his company’s output is being shipped offshore. A variety of other export markets are boosting sales for domestic producers. Eastern White Pine Industrial boards are headed to the Middle East. Ponderosa Pine #3 is trading at an unusually narrow discount to #2&Btr because demand for the lower grade is strong in Mexico and many Asian markets. ES-LP #3 has become a hot commodity in Southeast Asia and Mexico. ~
Other demand-side factors cited in 2010 price rally The supply-driven foundation of the 2010 market run has been well-documented. Perhaps under-reported have been demand-side factors contributing to the run. The article above highlights the influence from offshore demand. Below are other demand-related issues in play. Some traders posit that significant attrition in the secondary market has created voids in the distribution system. The loss of key players has forced retailers to reach out to other suppliers, who may be underestimating their needs. www.randomlengths.com
2
April 9, 2010 Fear — about the housing market, the economy, and the sustainability of the current run — has a firm grip on many survivors. Yet as new accounts come forward in search of new suppliers, buyers’ need to go back to the mills more often may be contributing to the market run. Credit limits are a factor. Tighter limits may be preventing distributors, retailers, and buyers of all stripes from rebuilding inventories that would sustain them for several weeks. Again, the result is that many buyers are reentering the market regularly.
Prices of MDF in the East Overtook the West in Late 2008 $560 $540 $520 $500 $480 $460
$420
Still other traders note that domestic demand may be better than many are willing to acknowledge. While housing starts are projected to gain modestly, some traders say that home center business is coming on strong this spring. “In my opinion, there is more business than we realize,” said one wholesaler. “Simple fact — decent weather, and the phones on this floor ring off the hook.” ~
Price Guide changes in effect with this issue Recently announced changes to the Random Lengths Price Guide take effect with this issue. In Western S-P-F, prices of Std&Btr 2x4 in random (Page 5) and straightlength loadings (Page 6) have been eliminated. As a guide, these items will be reported as a footnoted deduction from prices reported for #2&Btr 2x4. Elsewhere in the guide, prices for several Western Red Cedar products have been added. On Page 7, a price for kiln-dried 1x6 tongue-and-groove siding is reported. On Page 8, prices for kiln-dried Architect Knotty 2x4 and 2x6 decking debut. A price for dried Architect Knotty 5/4x6 decking also has been added. One other addition is a price for Cedar #1 Appearance Grade S4S 4x4. ~
MDF prices hit record in East, maintain premium to West Medium density fiberboard prices posted the steepest month-to-month gains on record in March, and the surge propelled levels in the East to all-time highs. Last month’s average of $525 for 3/4-inch in the East was $39 higher than February and surpassed the previous record of $500 set in mid-2008. In the West, 3/4-inch MDF prices increased $52 in March to $488, the largest monthly jump on record. The February 27 earthquake in Chile jump-started demand, which had previously been anemic for more than a year. Uncertainty about the extent of the quake’s impact contributed to a chaotic search for coverage of
MDF (West) 3/4
$440
MDF (East) 3/4
J FMAMJ J A S OND J FMAMJ J A S OND J FM 08 09 10 Source: www.rlmyprint.com
MDF mouldings. Some U.S. moulding mills ramped up production to fill the projected shortfall in shipments of finished stock from Chile. Many traders, however, note that U.S.-based MDF panel producers started pushing for increases in mid-February in response to rising costs, primarily of resin and fiber. Lingering supply tightness due to extensive curtailments also helped set the foundation for the price surge. The March price run accentuated an unusual price relationship between the East and West. The chart shows prices in the East have maintained a premium to the West since December 2008. 3/4-inch averaged $488 in 2009, $24 higher than comparable stock in the West. MDF had previously been reported at a premium in the West compared to the East almost exclusively since Random Lengths began reporting MDF in September 1996. Traders note, however, that seven MDF plants have closed due to market conditions within the last two years. The majority of the lost capacity was in the East. Further, imports from offshore suppliers, including New Zealand and China, have affected markets in the West more significantly than in the East. Uniboard’s new line in Moncure, N.C., is expected to add supplies to the eastern market by late April or early May.
Statline: A Weekly Look at Key Trends U.S. ¢
105
Canada/U.S. Exchange Rates
95
85
75
O N D J F M A M J 08 09
J A S O N D J F M 10
Source: Federal Reserve Board; rates in U.S. cents
The Canadian dollar strengthened in March, approaching parity with the U.S. currency in early April. The loonie was up about 17 cents from its year-ago level.
www.rlpi.com
April 9, 2010 Other producers’ efforts to ramp up output in response to rising prices are limited by raw fiber availability. ~
Dealers report strong gains in optimism for sales Dealer sales expectations for structural panels gained in March at the strongest pace seen since February 2004, and expectations for lumber rose more than any other month since February 2008, according to a Random Lengths monthly survey. Ratings remained below the midway point on the 1-10 scale, at 4.9 for both lumber and panels, but were highest since July and May of 2008, respectively. Panel sales expectations in the South Central region passed the midway point, at 5.5, the first time any region
3
had attained that level since May 2008. South Central lumber sales expectations rated 5.3, highest of any region. Compared to March 2009, the South Atlantic posted a 1.1-point gain for both lumber and panels. South Central panel expectations posted a similar gain. Dealers in the West reported the strongest gains compared to February, a full point in lumber and 0.8 in panels. However, the West remained the least optimistic of any region, with ratings of 4.4 for both lumber and panels. “Not many new starts. Remodel is providing most activity,” one western retailer said. “Cash is tight, inventories are low, and prices are rising. It may be a recipe for bad soup.” (To see all comments, go to www.rlpi.com, then In Depth, then Surveys.) Dealers reported current inventories of lumber at 5.0, highest since April 2009, and panels at 4.9, highest since last June. ~
Retail Market Indicators for March 2010 LUMBER 7 Midwest
PANELS
Dealers' Sales Expectations for the NEXT Three Months (on a scale of 1-10, with 10 strongest) Dealers' Current Inventories (on a scale of 1-10, with 10 highest) 7 Northeast 7 Northeast 7 Midwest 6
6
6
6
5
5 5
5 4
4 4 3
J FMAMJ J A S OND J FM 09 10
3
4
2
3
J FMAMJ J A S OND J FM 09 10
3 J FMAMJ J A S OND J FM 09 10
2
J FMAMJ J A S OND J FM 09 10
7 South Atlantic
7 South Central
7 South Atlantic
7 South Central
6
6
6
6
5
5
5
5
4
4
4
4
3
J FMAMJ J A S OND J FM 09 10
7 West 6
3
J FMAMJ J A S OND J FM 09 10
3
7 U.S.
7 West
6
6
5
3
J FMAMJ J A S OND J FM 09 10 7 U.S. 6
5 5
4 3
J FMAMJ J A S OND J FM 09 10
5 4
4
3
4
2
3 2 3 J FMAMJ J A S OND J FM J FMAMJ J A S OND J FM J FMAMJ J A S OND J FM J FMAMJ J A S OND J FM 09 10 09 10 09 10 09 10 Results based on monthly surveys of a nationwide sample of retailers who stock softwood lumber and structural panels. Number of companies responding to a early April survey for March data: 100. Regions: Midwest (MI, OH, IN, IL, WI, MN, IA, MO, KS, NE, SD, ND); Northeast (PA, NJ, NY, CT, RI, MA, NH, VT, ME); South Atlantic (MD, DE, WV, VA, NC, SC, GA, FL); South Central (KY, TN, AL, MS, LA, AR, OK, TX); West (MT, WY, ID, CO, NM, AZ, UT, NV, CA, OR, WA, AK, HI).
A Orin Comdure, Mark Babbitt, and Mike Zemla, all previously with North Pacific, have joined the sales staff of Weekes Forest Products in Grand Rapids, Mich. The company also announced it has become the iLevel Engineered Wood distributor in Michigan for Trus Joist products.^ Boise Building Materials Distribution, a division of Boise Cascade, has opened a new distribution facility in Pompano Beach, Fla.^ Alan Lechem
has been promoted to president of Weston Wood Solutions, Mississauga, Ont.^ Byron Altman has been named director of purchasing at Cox Industries, Orangeburg, S.C. A Glenn Lowe is retiring after 17 years with Blasen & Blasen Lumber, Portland, Ore. Jim Adams, formerly with Disdero Lumber, will be joining the company’s sales staff.^ The Composite Panel Association will hold its 2010 Spring Meeting May 2-4 in Bonita Springs, Fla. Contact Allyson O’Sullivan at 703724-7728, ext. 251. www.randomlengths.com
4
April 9, 2010
Lumber Market Report Lumber Market Indicators Framing Lumber Composite Price
This Week
Last Week
Year Ago
$360
$342
$328
$202
$320
200
$340
2x4 #2&Btr KD Western S-P-F
300
291
164
2x4 Std&Btr Grn Douglas Fir (Portland)
260
242
175
2x4 #2 KD SYP (Westside)
405
382
252
$240
2x4-8' PET KD Western S-P-F
316
305
172
$220
1x12 #3 KD Ponderosa Pine
545
570
320
150
$300
50
$280
0
$260 -50 -100
$200
+67.3
+37.8 –177.0
* The index is a numerical representation of market activity, based on a ratio of western sawmill order files to inventories. In computing the index, the data are compared with similar data averaged over the past five years.
-150
Framing Lumber Composite Price
$180
Random Lengths Index*
100
Random Lengths Index
-200 -250
$160 $140
2Q 09
3Q 09
4Q 09
1Q 10
2Q 10
-300
Market Overview
Dry Framing Lumber
A Framing lumber prices maintained a steep upward slant. Producers extended order fi les to the latter half of the month and pushed many prices up by double digits through the week. Purchasing was broad-based, with virtually all buying segments in the market looking for coverage. Many buyers continued to favor truckloads, fearful of getting caught with any volume should the market turn. Smaller purchases, however, forced them to step in more frequently, resulting in a steady flow of business back to the mills.
Spruce-Pine-Fir ^ Western S-P-F prices were firm
The Random Lengths Framing Lumber Composite Price gained $14, to $342. That ensured that the export tax imposed on Canadian producers will be reduced in May, the first reduction in the tax since the Soft wood Lumber Agreement was implemented in October 2006. Exports continued to siphon away already limited supplies, while seasonal domestic demand was also on the rise (see Through a Knothole). Strong pent-up demand drove sharp double-digit increases in Southern Pine. While many secondaries were cautious, they stayed on the long side. Most were encouraged by their ability turn purchases quickly and at prices that mildly trailed replacement costs. Skepticism about the market’s staying power continued to be noted at the retail level. That was driven in part by reports that some yards, as well as builders, who had bid jobs months earlier were now badly offside on prices. The narrows and studs led the way in most framing lumber species. 14-foot was often cited as the standout length in 2x4, with prices sometimes overtaking 16s. In studs, 2x69s were a standout in the West. Trading in 1-inch boards varied widely. Southern Pine was the clear leader, with key prices posting double-digit hikes. Shop and Mldg&Btr markets continued to cool. Supply disruptions in the aftermath of the Chilean earthquake remained an issue, but lackluster demand was a mitigating factor.
to higher, with many producers reporting order fi les in the week of April 26. In #2&Btr, the narrows continued to be the most active widths, but some producers said demand for the wides improved. The reported price of #2&Btr 2x4 hit the $300 mark for the first time since mid-2006; some mills with higher freight rates held back in the high $290s. 2x6, up $11, led gainers, although some 8/16’ tallies were sold in the mid-$280s late in the week. In straight lengths, 2x4-14s edged closer to 16s. MSR traded quietly, with the reported 2x4 items gaining $7-10 and 2x6 holding to previous levels. Demand for Utility and #3 2x4 continued to keep prices unusually close to #2&Btr; some traders reported buyers in the Texas market substituted green Fir Std&Btr 2x4 for S-P-F Utility/#3. Eastern S-P-F sales were most active in U.S. markets. #1&2 2x4 sales were reported as high as $385, Great Lakes, with 14s sometimes selling above 16s in a $390-400 range. Demand for 14s was especially strong in the Southeast. In Canada, sales in Montreal were active, while Toronto was a decided laggard. Prices of #1&2 2x4 edged up in Toronto, but 2x6 sometimes sold at discounts in this market. Demand for #3 and Economy was steady to strong in all markets, and prices advanced. MSR prices rose in U.S. markets, with sales of 2x4 1650f reported as high as $400, Great Lakes.
Southern Pine ^ Pent-up demand fueled significant increases in most Southern Pine prices. Treaters, retailers, and distributors flocked to producers to replenish inventories following sales that some described as the strongest they had seen in years. “It’s been a crazy week,” said one mill salesman. “It’s been a long time since we’ve seen this kind of activity.” Buyers found that not only had producers aggressively raised quotes, but that trucking costs and shortages gave delivered prices another boost. Many producers quoted defensively, and buyers routinely supported Continued on page 9…
5
April 9, 2010
Lumber Price Guide Lumber Weekly Price Changes 2x4 Std/#2&Btr
3/26
KD Hem-Fir (Coast) +7 KD HF/WF (Inland-Spokane) +8 KD Fir & Larch +10 KD Southern Pine (West) +12 KD Western S-P-F +6 KD Eastern S-P-F (Boston) +3 KD Eastern S-P-F (Toronto) 0 Gr Douglas Fir (Portland) +8
4/2
This Chg 3 Week Weeks
+13 +14 +17 +16 +5 +4 +2 +2
+12 +10 +11 +23 +9 +11 +3 +18
+32 +32 +38 +51 +20 +18 +5 +28
3/26
2x10 #2&Btr KD Southern Pine (West) Gr Douglas Fir (Portland)
4/2
This Chg 3 Week Weeks
+7 +5
+7 +12 0 +15
+26 +20
+3
+2 +10
+15
+8 +5 +5 0 +15 +15 0 +13 +15 +5 0 +10
+18 +30 +28 +15
2x4 1650 MSR Western S-P-F (Minneapolis)
2x4 Utility KD Western S-P-F KD HF/WF (Inland-Spokane) KD Southern Pine (West) Gr Douglas Fir (Portland)
This Chg 3
Studs
3/26
4/2 Week Weeks
KD Western S-P-F KD Spruce-Lodgepole KD Hem-Fir (Coast) KD Eastern S-P-F (GL) Gr Douglas Fir (Portland)
+5 +8 +11 +10 +7 +18 +12 +11 +17 +8 +7 +10 +5 +5 +10
+24 +35 +40 +25 +20
Boards #3 1x12 Ponderosa Pine 0 #3 5/4 Ponderosa Shop +10 Std 5/4x6-16' SYP R.E.D. 0
0 –25 +10 0 0 +5
–25 +20 +5
FRAMING LUMBER Unitized Loadings • Prices Net, f.o.b. Mill, U.S. Funds, Unless Otherwise Noted • Dollars Per Thousand Board Feet
KILN DRIED DIMENSION Inland Hem-Fir Coast or White Fir6: Doug- Fir & Ponder- Southern Pine: Hem-Fir6 SPOKANE1 REDDING1 las Fir6 Larch6 SPF-S5,6 osa Pine WEST2 CENT3 EAST4
Random 2x4 Std.&Btr. 2x4 #2&Btr. 2x6 2x8 2x10 2x12 2x4 Utility 2x6 #3 2x8 2x10 2x12
317 322 312 285 335 330 275 255 240 245 255
342 — 340 300 345 360 260 225 205 205 205
— 345 320 290 345 330 275 275 250 250 260
325 330 320 290 330 330 275 255 240 245 255
343 — 315 295 338 365 265 230 210 210 210
— 337 335 — — — 265 250 — — —
307 — 300 290 300 10 335 — — — — —
— 405 372 345 351 475 342 323 311 294 389
— 397 367 333 362 464 306 290 285 275 312
— 399 356 337 372 460 306 280 275 280 315
Spruce-Pine-Fir: Western6,13 MILL7
Eastern8 GREAT CHICAGO8 ATLANTA8 BOSTON13 LAKES9,13 TORONTO11
— 30015 295 281 340 14 425 275 12 238 241 245 240
— 364 361 345 412 498 339 304 305 317 313
— 388 384 369 436 526 363 327 329 341 341
— 368 365 360 430 — 320 295 — — —
— 382 373 368 440 — 345 295 — — —
— 330 350 325 398 — 287 285 — — —
1–From freight areas indicated. 2–Mills in Tex., Ark., Okla., and La. west of the Mississippi River. 3–Mills in Miss., Ala., and La. east of the Mississippi River. 4–Mills in Ga., Fla., S.C.; also N.C. and Va., where prices are 5-10 higher. 5–Prices based on mills in the Inland West. 6–Flat car paper-wrapped. 7–Shipments from the Prince George, B.C., area; mill returns on freight contracts not included. 8–Prices delivered. 9–N. Ohio, W. Pa. 10–For 2x10 furniture stock, 16% or less moisture content, light or no skip, stain, or wane, add: 20-30 11–Canadian funds, GST not included. 12–#3 2x4 - 278 13–Applicable export taxes included. 14–Toronto - 385 ; Canadian funds, GST not included. 15–For Std&Btr deduct: 4-6
GREEN DIMENSION Random
STRUCTURAL LIGHT FRAMING RL 10/20' Western Red Cedar6
Douglas Fir: PORTLAND1
N.
260 4
2x4 Std.&Btr. 2x4 #2&Btr. 265 4 2x6 250 4 2x8 250 4 2x10 250 2x12 250 2x4 Utility 210 2x6 #3 195 2x8 165 2x10 165 2x12 170 Eastern S-P-F: TORONTO2,3 2x4 #1&2 305 2x6 #1&2 315 2x4 Utility 255 2x6 #3 255
CALIF.1
270 275 250 235 250 245 — — — — —
NE3,5
390 395 390 390 390 390 — — — — —
685 — 720 825 930 1,120 250 285 — — —
Eastern S-P-F1 Western S-P-F1 delivered to: MINNEAPOLIS PHOENIX BOSTON GREAT LAKES 392 402 385 400 2x4 2100f 385 395 380 395 2x4 1650f 407 417 — — 2x6 2100f 388 398 387 395 2x6 1650f
1–From freight areas indicated. 2–Canadian funds, GST not included. 3–Delivered rail. 4–For light-wane stock, add: 40 5–Prices for shipments from U.S. and Canadian mills. 6–Applicable export taxes included on Canadian stock.
WEST
CENT
EAST
420 379 357 363 484
411 381 362 382 486
411 — — — —
2x4 #1&Btr. 2x4 Sel. Struc. 2x6 Sel. Struc. 2x8 Sel. Struc. 2x10 Sel. Struc. 2x12 Sel. Struc.
275 — — — — —
355 — — — — —
365 — 350 338 365 430
— 382 360 330 360 415
GREEN STUDS
Spruce-Pine-Fir: Coast Inland Douglas Fir & ES- Southern Western11 Eastern3 GREAT MILL2 CHICAGO3 ATLANTA3 BOSTON11 LAKES4,11 TORONTO5 Hem-Fir Hem-Fir Fir Larch LP Pine1
— — — — 320 10 327 325 335 310 — — — 310 325 330 340 Fingerjointed ES-LP 2x4-8' 350
385 365 365 345
1–Applicable export taxes included.
KILN DRIED STUDS
2x3-8' PET 2x4-7'6" 2x4-8' PET9 2x4-9' PET 2x4-10' PET 2x6-7'6" 2x6-8' PET 2x6-9' PET
SPOKANE
2x4 2400f 2x4 1800f 2x6 2400f 2x6 1800f
GREEN KILN DRIED Hem-Fir or Douglas Douglas Fir & White Fir Fir Fir Larch SPOKANE
Southern Pine from: 2x4 #1 2x6 2x8 2x10 2x12
Fir & Larch
— — 330 338 — — 310 342
— — 320 325 — — 320 335
— — 325 325 — — 345 340
— — 375 — — — — —
270 — 316 304 — — 343 340
334 — 380 368 — — 409 406
358 — 404 392 — — 432 429
336 307 375 375 345 315 397 397
345 310 380 377 340 315 395 393
318 — 325 318 290 — 375 375
Douglas Fir6,7
Eastern S-P-F
PORTLAND TORONTO3,5
2x4-8' PET8,9 2x4-9' PET 2x4-10' PET 2x6-8' PET 2x6-9' PET 2x6-10' PET
245 240 235 240 255 250
275 275 255 295 285 —
Fir & Larch Western S-P-F11 2x4-9'&10' 350 2x4-8' 355 2x4-9'&10' 355 2x4-8' 325 Chicago3 389
1–Westside and central zone production. 2–Shipments from the Prince George, B.C., area; mill returns on freight contracts not included. 3–Prices delivered. 4–N. Ohio, W. Pa. 5–Canadian funds, GST not included. 6–From Portland, Ore., freight area. 7–#2&Btr. 8–Stud grade - 240 9–Full 8', add: 7-10 10–Southern Oregon mills - 320 11–Applicable export taxes included.
Copyright © 2010 Random Lengths Publications, Inc.
6
April 9, 2010
FRAMING LUMBER, Specified Lengths Customer Specified Loadings, Unless Otherwise Noted • Prices Net, f.o.b. Mill, Unless Otherwise Noted • Dollars Per Thousand Board Feet
SOUTHERN PINE, KILN DRIED, West1 8'
10'
12'
14'
16'
415 415 415 2x4 #1 380 395 390 2x6 370 375 360 2x8 350 365 360 2x10 2x12 490 480 510 410 385 390 2x4 #2 345 380 380 2x6 320 330 340 2x8 335 355 355 2x10 465 445 505 2x12 #2 22'&24' 2x6 – 400/420 2x10 – 345/320
395 375 345 375 485 390 375 335 350 475
465 390 360 350 485 455 375 355 340 475
SOUTHERN PINE, KILN DRIED, Central1 18'
20'
395 410 350 370 365 365 330 395 440 500 385 390 345 370 355 345 325 390 435 495 2x8 – 320/380 2x12 – 430/430
2x4 #1 2x6 2x8 2x10 2x12 2x4 #2 2x6 2x8 2x10 2x12
8'
10'
12'
14'
16'
18'
20'
22'
24'
415 363 355 365 490 405 335 303 340 450
390 395 350 383 455 380 377 313 365 425
390 375 355 380 500 383 367 325 365 488
395 380 355 375 465 383 370 320 360 447
452 390 375 375 495 443 375 362 360 480
380 353 355 345 450 365 350 345 330 437
430 380 375 465 570 375 360 345 398 520
— — — — — — 400 300 370 450
— — — — — — 445 445 350 450
1–Mills in Miss., Ala., and La. east of the Mississippi River.
1–Mills in Tex., Ark., Okla., and La. west of the Mississippi River.
HEM-FIR, KILN DRIED, Coast1
SOUTHERN PINE, KILN DRIED, East1
2x4 Std&Btr. 2x6 #2&Btr. 2x8 2x10 2x12
2x4 #1 2x6 2x8 2x10 2x12 2x4 #2 2x6 2x8 2x10 2x12
8'
10'
12'
14'
16'
18'
20'
415 380 375 365 498 413 320 307 350 460
388 375 365 378 435 375 368 317 370 412
385 372 345 380 490 375 347 325 370 485
390 380 370 388 460 385 362 323 375 430
452 400 375 380 505 440 365 367 377 490
410 388 392 370 465 390 335 347 365 440
440 420 380 460 572 405 357 365 385 525
1–Mills in Ga., Fla., S.C.; also N.C. and Va., where prices are usually higher.
SPRUCE-PINE-FIR, KILN DRIED, Eastern1 Delivered Boston 8' 380 2x4 #2&Btr. 395 2x6 Delivered Great Lakes 380 2x4 #2&Btr. 392 2x6
10'
12'
14'
16'
350 375
352 365
382 355
381 380
352 375
365 367
392 360
390 380
1–Applicable export taxes included.
8'
10'
12'
14'
16'
18'
20'
22'
24'
295 295 270 275 320
310 305 280 325 325
315 315 285 345 350
325 320 285 345 335
330 335 335 325 360
315 320 280 325 345
315 320 280 325 340
— 350 330 340 335
— 345 330 340 335
1–Flat car paper-wrapped loadings.
SPRUCE-PINE-FIR, KILN DRIED, Western1,2,4 2x4 #2&Btr.3 2x6 2x8 2x10 2x12
8'
10'
12'
14'
16'
18'
20'
300 290 257 303 270
278 288 295 332 310
284 268 305 412 452
311 285 264 362 395
313 298 277 323 520
296 325 276 310 370
290 308 276 282 365
1–Flat car paper-wrapped loadings; straight-length loadings. Prices reflect shipments from the Prince George, B.C., area; mill returns on freight contracts not included. 2–Applicable export taxes included. 3–For Std&Btr deduct: 4-6 4–For delivered Chicago prices add: 2x4 – 64 2x6 – 66 2x8 – 64 2x10 – 72 2x12 – 73
DOUGLAS FIR, GREEN, Portland 8' 2x4 Std&Btr. 2x6 #2&Btr. 2x8 2x10 2x12
245 240 220 195 230
1–22'&24' only: 2x6 –
22'1
24'1
26'
28'
245 255 255 290 270 270 — 245 245 245 280 255 260 300 220 235 230 285 255 255 280 230 250 285 285 250 250 265 235 260 235 280 250 285 285 285 2x8 – 270 2x10 – 250 2x12 – 270
10'
12'
14'
16'
18'
20'
— 290 280 265 285
— 320 285 285 295
— 325 315 305 305
DELIVERED PRICE COMPARISONS1 Std/#2&Btr. 2x4
Inland H-F Southern S-P-F:6 WEST4 or W-F Pine5
Atlanta Dallas Houston Detroit Chicago Kansas City Minneapolis Memphis Boston New York Philadelphia Baltimore Niagara Pittsburgh Windsor Columbus Jacksonville Charlotte San Francisco Los Angeles Phoenix
— — 409 409 394 391 391 — 440 438 — — — 420 — — — — — — —
421 438 439 — — 453 — 435 — — — — — — — — — — — — —
EAST
402 2
Douglas Fir (Gr.)
388 — 376 — 345 381 402 — 369 374 — 364 383 340 364 — 342 362 — — 372 — — 387 368 — 388 390 385 387 391 — 388 393 — 364 — — 381 382 — 364 373 — 378 382 — 388 410 — 391 399 — 354 — 317 366 — 340 372 — 348 2– #3 2x4 - 355 3–Denver - 397
#2&Btr. 2x10
Inland H-F Southern S-P-F:6 Douglas WEST or W-F3 Pine5 Fir (Gr.)
— — 416 422 403 401 402 — 455 444 — — — 432 — — — — — — —
395 384 385 — — 399 — 405 — — — — — — — — — — — — —
436 425 429 417 412 412 410 420 436 438 436 437 412 429 412 428 439 443 398 412 419
— 331 — — 320 327 — — — 375 — — — — — — — — 300 325 333
Studs - 2x4 - 8' PET
Inland Southern S-P-F:6 WEST H-F Pine
— — 412 398 379 376 376 — — — — — — — — — — — — — —
— 408 409 — — 423 — 407 — — — — — — — — — — — — —
404 392 397 385 380 380 378 388 403 404 403 404 380 397 380 394 404 407 370 382 388
EAST
Douglas Fir (Gr.)4
400 — 400 372 381 — — — 375 397 398 400 — 380 371 380 408 397 — — —
— — — — 321 321 — — — 375 — — — — — — — — 293 318 —
1–Kiln dried unless otherwise noted. 4–#2&Btr. 5–#2. 6–Applicable export taxes included. Delivered prices are published as a guide only to provide approximate delivered costs at each destination. Freight costs are based on prevailing rates for the most commonly used carriers, routings and types of loadings for each product and destination. No allowances are made for contract rates, special discounts, and other routings for which there can be substantial variances from the prices shown. All prices are in U.S. funds.
7
April 9, 2010
SELECTS & COMMONS Prices Net, f.o.b. Mill, U.S. Funds, Unless Otherwise Noted • Dollars Per Thousand Board Feet
PONDEROSA PINE, KILN DRIED INLAND MILLS
C&Btr.
D
1,190 2,040 1,710 1,490 1,960
790 970 975 960 1,840
CALIFORNIA MILLS C&Btr. 1x4 1,400 1x6 1,200 1x8 1,200 1x10 1,100 1x12 1,400
700 800 800 850 1,300
1x4 1x6 1x8 1x10 1x12
D
IDAHO WHITE PINE, KILN DRIED
#2&Btr.
#3
#4
365 450 500 555 750
315 400 395 495 545
275 285 290 310 350
#2&Btr.
#3
#4
365 455 510 570 735
330 410 415 505 555
265 300 300 300 330
1x4 1x6 1x8 1x10 1x12
250 255 255 285 320 275
To California 1x4 Util.&Btr. 1x6 Std.&Btr.
PORTLAND
350 350
D&Btr. #2&Btr.
#3
#4
375 470 540 570 745
330 420 420 510 580
265 300 300 300 330
800 925 925 925 1,550
D&Btr.
#2&Btr.
#3
#4
590 575 630 700 780
445 485 595 580 740
325 385 390 445 550
255 255 270 270 320
840 840 755 740 755
Standard
Industrial
330 495 435 470 535
280 295 295 290 330
1–NELMA rules; mills in Northeast U.S. Prices shown reflect S4S boards, including items in which the majority of volume produced is pattern stock.
SOUTHERN PINE, KILN DRIED C&Btr.
630 775 835 940 1,270
1x4 1x6 1x8 1x10 1x12 West #21 1x4 1x6 East #22 1x4 1x6
EUROPEAN SPRUCE1 #2 1x4 1x6 1x8 1x10 1x12
Premium
1,110 1,675 1,300 1,550 1,735
1x4 1x6 1x8 1x10 1x12
ENGELMANN SPRUCE-LODGEPOLE PINE, KILN DRIED 1x4 1x6 1x8 1x10 1x12
Utility
345 395 395 510 590 445
EASTERN WHITE PINE, KILN DRIED1
D
1,725 1,450 1,450 1,525 1,850
Standard
720 715 720 720 720 720
DOUGLAS FIR, GREEN
SUGAR PINE, KILN DRIED C&Btr.
Sterling 1x4 1x6 1x8 1x10 1x12 1xRWRL
550 575 620 605 725
D
#2
#3
565 650 740 565 940
440 440 455 430 525
325 310 280 295 300
8'
10'
12'
14'
16'
410 335
400 350
445 480
395 405
530 435
335 335
340 360
440 450
365 375
505 435
1–Mills in Tex., Ark., La., Miss., and Alabama 2–Mills in Ga., Fla., S.C., N.C., and Va.
5/4x6 R.E.D. West1 Standard Premium East2 Standard Premium
1–Prices f.o.b. truck, Gulf and East Coast ports; tallies heavy to 12-16-foot lengths.
8'
10'
12'
14'
16'
560 725
495 730
495 730
435 625
545 805
525 735
475 750
475 755
420 715
515 840
1–Mills in Tex., Ark., La., and Miss. 2–Mills in Ala., Ga., Fla., S.C., N.C., and Va.
WESTERN RED CEDAR, S1S2E, Hit & Miss6 COAST MILLS1
INLAND MILLS1 Boards Std.&Btr.
No-Hole
625 675 800 810 1,050
690 780 900 960 1,130
1x4 1x6 1x8 1x10 1x12
Siding2 CHANNEL
BEVEL
— — 1,150 5 — —
— — 840 940 —
KD BEVEL
KD T&G
D&Btr.
#3&Btr.
#4
— — 850 — —
— 1,225 3,7 — — —
1,425 2,125 2,125 2,575 2,575
585 810 800 1,255 1,610
175 225 245 285 315
3,4
1–Green 3/4" except where noted. 2–WCLIB rule 111(e) and (f). Stock containing up to 15% Quality. 3–11/16". 4–3/4": 1,075 5–1x8 KD Channel: 1,280 6–Applicable export taxes included on Canadian stock. 7–WP-4, smooth face
1–Kiln Dried 7/8"
EASTERN SPRUCE-PINE-FIR1 BOSTON:3
1x3 1x4
DRIED 10/15% Utility&Btr. R/L
375 325
8'
345 305
GREAT LAKES:3
R/L
8'
370 320
340 310
1–Prices delivered. 2–Canadian funds, GST not included. 3–Applicable export taxes included.
PRICES ARE PUBLISHED AS A GUIDE ONLY to sales at the manufacturer level in carload or similar volumes during the week of publication. No attempt is made to predict future prices or trends. Specific sales, because of variations in stock quality and tallies, result in prices that are higher or lower than those published. The report is based on sizes and grades that conform to Product Standard 20-05 and on surfacing, grademarking and discounts that conform to general industry practices; on stock that originates in the principal producing region for each species; and on randomlength loadings that contain a normal assortment of the lengths most desired in each size.
8
April 9, 2010
INDUSTRIALS, SPECIALTIES, AND OTHER ITEMS Prices Net, f.o.b. Mill, U.S. Funds, Unless Otherwise Noted • Dollars Per Thousand Board Feet, Unless Otherwise Noted
ECONOMY/#41 KILN DRIED
GREEN Inland Southern Pine from: WEST CENTRAL Hem-Fir Fir & Larch
Coast Hem-Fir2 2x4 2x6 2x8 2x10 2x12 2x4—8'
Spruce-Pine-Fir Eastern Western3
210 210 — — — —
220 200 — — — —
220 200 — — — —
258 245 243 222 237 —
EAST
265 255 245 240 245 —
265 258 250 240 250 —
Spruce-Pine-Fir Eastern Douglas Fir
BOSTON5
GREAT LAKES5
TORONTO4
TORONTO4
PORTLAND
255 235 — — — 270
260 240 — — — 275
255 245 — — — 255
215 215 — — — 240
180 180 145 145 145 —
183 183 177 178 178 —
1– Selected stock; unsound wood and wane restricted. 2– May also contain Douglas Fir. 3– Canadian funds, GST not included. 4– Prices delivered to Toronto in Canadian funds, GST not included. 5– Delivered; applicable export taxes included.
SOUTHERN PINE PRESSURE-TREATED LUMBER Net f.o.b. treating plants in Va., Ga., Fla., N.C., S.C., & Ala. Waterborne Copper-Based Preservatives. Wet from the cylinder.
FRAMING LUMBER1 (Use Category 3)2 8'
2x4 #2 2x6 2x8 2x10 2x12
10'
498 413 397 445 555
465 460 410 460 505 60-70
1–For KD after treatment, add:
12'
14'
16'
465 437 415 462 577
473 452 417 472 523
530 457 460 467 580
2–Meets AWPA standard for above-ground use.
POSTS, BEAMS AND TIMBERS GREEN DOUGLAS FIR, RL
#1&Btr., Portland Rough1,2 S4S3 6x6, 12/24' 585 550 6x8-6x12, 12/24' 550 520 6x14-6x16, 12/24' 610 — 8x8-8x12, 12/24' 750 — 8x14-8x16, 12/24' 770 —
PORTLAND1 EUREKA1
4x4, 8/20' #2&Btr. 4x6, 8/20' 4x8, 8/20' 4x10, 8/20' 4x12, 8/20'
360 335 290 305 285
365 350 320 330 270
1–For Select Structural, add: 90 2–Full sawn; 100% FOHC 3–100% FOHC; no-wane add: 75
1–70% FOHC
SOUTHERN PINE, KILN DRIED1
West2 4x4 #2 4x6 6x6 East3 4x4 #2 4x6 6x6
8'
10'
12'
14'
16'
415 425 430
460 370 380
460 405 405
375 395 390
435 420 415
415 420 425
455 355 390
455 415 410
370 390 385
440 420 415
SQUARES AND TIMBERS (Use Category 4)4 8'
10'
12'
14'
16'
4x4 #2 4x6 6x6
565 600 600 520 585 560 505 565 540 565 570 540 560 535 560 BOARDS/R.E.D.3 (Use Category 3)2 1x4 #2 440 455 530 475 600 1x6 445 480 555 495 555 5/4x6 Std. 645 595 595 545 640 Premium 850 865 870 830 960 3–For KD after treatment, add: 60-70 4–Meets AWPA standard for ground contact.
WESTERN RED CEDAR DIMENSION1
AG2
Rough
TIMBERS, Standard Sawn1
S4S
585 685 2x4 Std.&Btr. 660 715 645 720 2x6 #2&Btr. 755 680 825 2x8 1,030 940 930 2x10 1,120 1,040 1,120 2x12
AG2 Rough S4S 775 850 3 4x4 Std.&Btr. 815 875 825 — 4x6 #2&Btr. 875 825 — 4x8 1,000 950 — 4x10 1,100 1,000 — 4x12 1,020 970 — 6x6
1–Applicable export taxes included on Canadian stock. 2–Appearance grade - no wane, no rot, no holes. 3–#1 Appearance grade: 1,125
DECK GRADE1
SIDING1,2
Custom Knotty3
Architect Knotty3
GREEN
GREEN
500 800 —
760 995 985
KILN DRIED
Clear VG
A Rustic 1/2x6 1,735 1,455 1,190 1/2x8 1,880 1,750 —
1–25% moisture content or less. 2–Mills in Tex., Ark., La., Miss., and Ala. 3–Mills in Ga., Fla., S.C., N.C., and Va.
2x4 2x6 5/4x6 R.E.D.
S2S MOULDING AND SHOP
1– Applicable export taxes included on Canadian stock. 2– Full length bundling, 3' & longer. 3– WRCLA trademarks.
PONDEROSA PINE1
800 1,030 1,035
Moulding 3rd Clear #1 Shop #2 Shop #3 Shop Para. 99
4/4 Std. 5/4 Hvy. 6/4 Hvy.
685 — —
640 880 895
470 840 845
385 740 765
— 660 645
— 475 475
WHITE FIR 5/4 Hvy.
—
700
655
550
460
—
— —
915 935
840 865
775 795
625 645
— —
RADIATA PINE2 5/4 Hvy. 6/4 Hvy.
FENCING1 1x4 #1 2F 6' 1x4 #2&Btr. NH 6' 1x6 #1 2F 6' 1x6 #2&Btr. NH 6'
Full Sawn Rough Standard Rough
475 430 610 575
— 295 — 510 1– NH: No hole. 2F: Graded two sides. For dog-ear add: 10-20
S1S2E2
495 345 695 590
2– Applicable export taxes included on Canadian stock.
ROUGH MOULDING & BTR3 Ponderosa Pine
5/4 6/4
1,295 1,295
INDUSTRIAL FINGERJOINT Radiata Pine 5/44,6 Elliottii/Taeda Pine 5/45,6
White Fir
1,100 —
Radiata
Pine2
1,240 1,240
Blocks
Blanks
1,005 930
1,260 1,190
1– Prices for Sugar Pine usually slightly higher. 2– Prices f.o.b. dock West Coast ports; tallies heavy to 14- and 16-foot lengths. 3– Includes 15-20% C&Btr. 4– Prices f.o.b. West Coast ports. 5– Prices f.o.b. Gulf and East Coast ports. 6– Four sides clear, no defect.
SHINGLES
H/S & R/S SHAKES2
Palletized Loadings, Prices Per Square #1 16"—5X 90.00 18"—Perfections1 102.00 18"—Rebutted, Rejointed1 78.00
Palletized Loadings, 9/9 Pack, Prices Per Square 1/2x24"1 105.00 3/4x24"1 125.00
1– TOFC shipments to Midwest and East.
#2
65.00 70.00 —
2– 5/8"x24" Tapersawn (UBC):
100.00
April 9, 2010 price gains of $15-25 on specified lengths of the narrows of #1 and #2 in all producing zones. Orders were usually small, simply to fi ll inventory holes, as many customers were wary of recent price increases in a market where housing and economic news didn’t support such price jumps. Limited supplies of timbers continued to support doubledigit price increases. Traders expected that recent gains would encourage more production of timbers, but many buyers said they were still scrambling for coverage this week. Mill offerings of 4x6 were especially scarce. Interest in radius-edge decking picked up, with demand heavy to the short lengths.
Inland ^ Upward momentum in prices intensified as mills fielded solid demand and pushed order files into the latter part of the month. Prices of most Std&Btr and #2&Btr random items gained by double digits. The narrows of White Fir/Hem-Fir climbed to $340 and higher at Spokane rate mills. As in other species, demand for 14-foot in the narrows was strong. In 2x10, tallies heavy to 16s were a tougher sell. Fir&Larch Std&Btr or #2&Btr 2x4 sold readily; quotes reached as high as $350 late in the week. However, 2x6 remained a laggard, and sales Thursday were reported in a $310-315 range. Gains in the wides were led by a $17 jump in 2x12. Ponderosa Pine prices advanced, led by 2x4. In the upper grades, Hem-Fir/White Fir Select Struc 2x4 jumped, as did the Fir&Larch 2x4 MSR grades.
Coast ^ Sales outpaced production at Coast mills, allowing producers to lift quotes. Distribution yards, treaters, and truss manufacturers were among the week’s most active participants. Competition for Hem-Fir logs stiffened as plywood mills and exporters stepped up their purchases. Hem-Fir 22s and 24s posted $5-10 gains. Fir prices moved higher in brisk trading. The unusually large premium of dry to green prices continued to draw attention. Prices of Utility, #3, and Economy advanced in the narrow widths.
Green Framing Lumber Douglas Fir ^ Fir prices ratcheted upward in response to solid sales to California, the Northeast, and parts of the Midwest and Southwest. Some producers had relatively little green to offer, because they were running as much of their output through kilns as possible to capitalize on big premiums in dry markets. One major reported having its best sales week and strongest order fi le of the year. A few mills priced their stock defensively after fi les reached the end of April. Wholesalers worked from long positions, readily taking profits on what they owned at levels below mill replacement values. Std&Btr 2x4 at Portland-rate mills finished at around $260, and a few sales at $265 were reported Thursday. #2&Btr 2x8 tightened, and mill quotes climbed sharply. Demand for the wides was brisk as buyers in Texas and Oklahoma substituted green Fir for harder-tosource dry #3. 4x4 and 4x6 edged upward at Portland-rate
9
mills. Cuttings continued to sell at around previously established levels.
Spruce-Pine-Fir ^ Modest upward pressure on prices of #1&2 narrows prevailed in the Toronto market. Demand was far from robust, but mills sold what they offered and finished the week with solid order fi les. Sales to Montreal were stronger. #3 2x4 and 2x6 prices held firm in Toronto.
Stud Lumber A Western S-P-F prices climbed unevenly as some mills focused on extending order fi les at recently established quotes. Prices of 2x4-8s and -9s gained $11 and $12, respectively, for the week; quotes on premium quality 8-foot reached into the mid-$320s. 2x6 lagged, with both 8s and 9s often priced in a $339-344 range. Some fingerjointed plants boasted order fi les well into May. Sales of Eastern S-P-F were most robust in U.S. markets; reported prices of 2x4-8s and -9s advanced $7-10. 2x4-10s were mixed. One producer reported sales as high as $355, Great Lakes, but multiple loads were still available at around $335 in this market, and around $C285, Toronto. A perception that green Fir was a solid value in comparison with other species sparked sales into non-traditional markets such as Missouri, Texas, and Oklahoma. Prices of all trims finished the week with $10-15 gains. Most mills were booked out two weeks or more. Prices of Coast species jumped $10-20 in brisk trading. Buyers reported that Hem-Fir was difficult to source. 2x6-9s were a standout in Hem-Fir and Douglas Fir; sales of this trim in Fir reached $350 at a few mills. An upward push in prices at Inland mills gained momentum. Gains in all reported prices were in a $15-20 range, with 2x6 leading the way in Fir&Larch and ES-LP. 2x6-9s were tight, and they sold readily as they developed. Prices of fingerjoint studs edged up; scant supplies limited sales.
Lumber Composite Price Comparisons1 This Last Week Week
Year Ago
Random-Length Dimension
330
318 200
Stud
332
320 190
Low-Grade Random Dimension 266
260 131
Board
531
530 436
Shop and Mldg&Btr
705
705 437
Coast Dry Random and Stud
313
300 164
Inland
391
384 250
Southern Pine
369
354 235
Western S-P-F
307
299 167
Eastern S-P-F
348
341 237
Green Douglas Fir
272
258 186
Weekly Changes($)*
* 52 weeks. 1–For a list of items included in each composite, go to www.rlpi.com and click on In Depth > Useful Data > Monthly Composite Prices.
Continued on page 10…
10
April 9, 2010
Other Items Boards ^ A growing perception of downside risk pushed western board buyers to the sidelines. Many distributors and dealers worked through loads purchased earlier, often noting that their sluggish sales reduced the urgency to replenish. Buildups were most evident in Ponderosa Pine #3 1x12. Sales in the low $500s were reported. Brisk sales of #4 were driven largely by strong demand offshore. ES-LP sales slowed, but producers leaned on lengthy order fi les and limited supplies. Excesses, however, were harder to move when they surfaced. Some European Spruce #2 suppliers garnered premiums on narrows on sales near ports in the Southeast. Loads requiring longer land shipping distances ran into competitively priced ES-LP 1x4 and 1x6. Prices of Southern Pine #2 narrows continued to surge. Double-digit increases were common in both zones. Eastside gains were especially strong. D 1x4 grew increasingly scarce. Buyers actively sought this item as a substitute for tight #2 and to fi ll the void in Chilean shipments of appearance grade boards. Suppliers frequently turned away inquiries for #3, citing a lack of stock. The pace slowed modestly in Eastern White Pine. Many mills focused heavily on fractional sizes and specialties, noting surging demand for several 5/4-inch items. Standard 1x6 and 1x8 were readily available. Prompt loads also emerged in Premium narrows.
Shop ^ Sales slowed in shop and Mldg&Btr markets. Traders noted that seasonal gains in demand remained conspicuously absent. Ponderosa Pine #3 5/4 shop was tighter than 6/4, but trading lacked urgency in both thicknesses. Cut stock plants, window manufacturers, and other
Lumber Production, Sales, and Shipments (Western U.S. mills) Coast Week Ending Production Orders Shipments Unfilled Orders Inventories
Apr 3
127 147 133 271 532
Inland
Mar 27 Mar 20
132 140 142 256 538
126 135 135 259 549
Apr 3
Mar 27
69 89 77 248 427
77 72 78 236 435
mmbf. From data compiled by the Western Wood Products Association. Most current week’s data subject to revision.
Information Services for the Forest Products Industry Web sites: Random Lengths My Print (www.rlmyprint.com) for on-demand graphs and custom price reports. Free Daily WoodWire at www.rlpi.com. Newsletters (postal or e-mailpdf): Random Lengths Weekly Report, International, Yardstick. Books: The Big Book, Yearbook, Buying & Selling Softwood Lumber & Panels, Terms of the Trade. Upon release Lumber, Panel, and Midweek reports (fax, or e-mail pdf, xls, or dbf). Copyright © 2010, Random Lengths Publications, Inc. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, facsimile, or any information storage and retrieval system, without written permission. Retransmission by fax, e-mail, or other means, which results in the creation of an additional copy, is unlawful. Printed in U.S.A. ISSN 0483-9420
Mar 20
74 87 73 241 436
buyers turned away additional offerings for April shipment, but producers rejected counters. Lukewarm Mldg&Btr sales were enough to support firm prices. News that most key Chilean mills were either operating or would be on line by month's end eased concern about supply shortages in Radiata Pine. Meager demand undermined higher quotes from New Zealand producers. Offerings in the secondary market were available at prices below mill levels. A few mills in Chile offered discounted loads for May shipment. Quotes for Radiata Pine blanks reached $1,300 or more, but buyers resolutely balked at the higher levels. Brazilian suppliers pushed order fi les on finished mouldings into June.
Treated ^ The strong sales pace in treated Southern Pine was unabated as warm, dry weather released pent-up demand across the South. Inquiries also picked up from customers in the Midwest and Northeast. Treaters said the biggest push came from home centers as do-it-yourselfers flocked to stores to begin spring projects. Double-digit price increases were the rule. In #2 dimension, narrow widths gained around $15, while 2x8&wdr rose $10-12. Timbers remained tight, and prices posted $10-25 increases. Short lengths of radius-edge decking rose $5-10.
Cedar ^ Buyers were more proactive, often stocking inventories rather than simply replacing what had been presold. However, loads remained small and heavily mixed. Urgency varied widely from one customer to the next. Traders sensed little to no sympathy with commodity markets. The lowering of the Canadian export tax for May did nothing to generate business. Canadian producers believed any benefits of the lower tax were already more than offset by a devalued U.S. dollar. Sales within Canada were steady, and mills garnered premiums to their U.S. sales prices. In the U.S., the Rocky Mountain region was quiet, albeit because of typical spring weather conditions. Some producers reported that first-quarter bevel sales had doubled compared to the same quarter in 2009, yet others quoted 11/16x8 at $800 and longed for orders. Fencing sales were stronger at home centers in warmer markets.
Shingles & Shakes ^ Continued light production helped mills hold to their quotes, although those varied significantly from one mill to another. Canadian mills maintained a firm stance because of the U.S.-Canada exchange rate. Some producers moved unusually large quantities into reloads. Steady to brisk inquiries led to spotty sales. Publisher: Jon P. Anderson Editor: Shawn Church
Associate Editors: Joseph Heitz, Jeff Redd, Pete Malliris, Tim Cochran, Jim Murez Computer Services: David West (manager), Dan Guzman Production: Nancy West (marketing manager), Terri Anderson, Terri Richards, Laura Lacasa Subscriber Services: Janna Land (business manager), Joy Knick, Jackie Wright Editorial offices: 450 Country Club Road #240, Eugene, Oregon 97401-6078 Mailing address: P.O. Box 867, Eugene, Oregon 97440-0867 Phone: 888-686-9925 (Toll-free U.S./Canada) or (541) 686-9925 Fax: 800-874-7979 (Toll-free U.S./Canada) or (541) 686-9629 E-mail: [email protected] Web site: www.rlpi.com
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April 9, 2010
11
Panel Market Report Panel Market Indicators This Week Last Week
Year Ago
Weekly Changes($)*
52-Week Trend Structural Panel Composite Price $410 $382 $240 Oriented Strand Board Composite 351 315 173 Southern Pine Plywood Composite 542 517 366 Western Fir Plywood Composite 554 535 407 410-430 388-410 250-270 * For a list of items 15/32" 4-ply Rated Southern included in each 404 378 231 1/2" 4-ply Exterior Western composite, go to www. rlpi.com and click on In 300 270 148 7/16" OSB (North Central) Depth > Useful Data 775 775 705 23/32" AC Sanded Western > Monthly Composite 42.75 41.75 27.50 Prices Fir 1/10" CD Veneer Mix
$420 $380
Structural Panel Composite Price
$340 $300 $260 $220 2Q 09
3Q 09
4Q 09
1Q 10
2Q 10
Oriented Strand Board ^ An OSB market that
Western Plywood ^ Sales picked up momentum late
was already overheated became white-hot. Even as prices soared, mills continued selling. By Friday morning, most mill order fi les were into May, and a few reached June. Many producers were off the market as much as they were on, to get orders entered and to keep fi les reined in. They often came back on in a defensive posture with sharply higher quotes. That strategy had limited success as need trumped price for some buyers. Demand was particularly robust in Texas, and the reported price of 7/16-inch in the Southwest hit $300 for the first time since January 2006. Prices in that region haven’t dropped since last October.
in the week on the heels of strong gains in other structural panel markets. Both mills and secondaries sold western plywood to typical Southern Pine plywood buyers. Sales were further buoyed by agricultural customers, whose orders helped one producer extend shipment times into June. Strong sales to home centers also drove the market. Most order fi les extended to the week of May 10, and some mills were off the market or selling only measured quantities.
The week’s sharp price increases incensed some dealers, particularly those who were upside down on jobs bid weeks ago and now needed coverage. Others were glad to reap big profits on loads purchased earlier. Traders widely agreed that most had underestimated the market’s lack of supply. “Big and small dealers, it doesn’t matter — they all need wood and there is very little around,” said a wholesaler in the Midwest. Whether mills would or could add production was widely discussed; most traders assumed that gaps in current mill operating schedules were quietly being filled.
Southern Plywood ^ Another week of strong sales that came in spurts put most Southern Pine plywood plants’ order fi les into the weeks of May 3 and 10. Reported prices leaped by double digits, with some producers lifting quotes in $10-plus increments at the end of the week. Most secondaries stayed in the market cautiously, although some wholesalers backed away to focus almost solely on the wood they were committed to move through long-term contracts. Truckloads moved to the docks in the Gulf steadily, supplying both Haiti and the government’s needs in the Middle East. Availability of trucks remained tight, with some shipments delayed as a result. In rated sheathing, 23/32-inch was in greatest demand; quotes hit $600 and more in all zones. Westside 15/32-inch 4-ply sales were reported in a $400-415 range late in the week, and one producer reportedly tested $430. Eastside producers lifted 15/32-inch 4-ply quotes into a $420-445 range. Sanded prices gained, but demand eased. Concrete form sales pushed 23/32-inch prices up $40 or more.
Producers sold limited quantities of 1/2-inch 4-ply sheathing at $400 as early as Tuesday afternoon. Others caught up with brisk sales through Friday morning, and the reported price finished at $404. Other thicknesses of CDX rose $17-40. Underlayment lagged only slightly. Prices of CCX gained on light sales; mills quoted defensively, less willing to use faces for those panels. Concrete form prices gained for similar reasons, but other specialties were unchanged. Buyers supported higher mill grade prices that mills brought more in line with traditional spreads to on-grade.
Veneer ^ Many green ends continued to push prices higher amid solid demand from the plywood and LVL sectors. Some producers applied the brakes, however, and a few buyers reported more offerings of green and dry, which they cited in resisting higher prices sought by some of their suppliers. Veneer remained tight for other users. CD 1/8 wides with good grade-outs for LVL were short. White wood 1/6 remained tight, and prices of the wides continued to advance at a strong clip. AB prices rose $1-2.
Particleboard ^ Upward price momentum moderated in a supply-starved MDF market. Some producers in the West raised quotes aggressively and sold at higher levels. Others, however, were more conservative, citing anemic overall demand and concern about the market's sustainability beyond May or June. Uniboard's new line in Moncure, N.C., is expected to start producing on-grade panels by the end of April. Particleboard mills in the South and East maintained solid order fi les. Fiber shortages eased modestly. Mills in the West struggled to maintain sales momentum from one week to the next, but generally held prices firm. Discounts for prompt loads surfaced occasionally. Some Canadian mills reported strong sales within Canada.
12
April 9, 2010
Panel Price Guide Panel Weekly Price Changes Oriented Strand Board
3/26
4/2
7/16" (North Central) 7/16" (Eastern Canada) 7/16" (Southwest) 23/32" T&G (North Central) 23/32" T&G (Eastern Canada) 23/32" T&G (Southwest)
+16 +8 +15 +25 +10 +20
+22 +40 +25 +50 +22 +30
This Week Chg 3 Weeks
+30 +35 +30 +40 +60 +50
+68 +83 +70 +115 +92 +100
Plywood/Veneer 15/32" Rated (Southern-West 4-ply) 1/2" CD Exterior (Western 4-ply) 23/32" Underlayment (Southern-West) 23/32" Underlayment (Western) 23/32" AC Exterior (Western) 1/10" Douglas Fir CD 54" Veneer
3/26
4/2
+3 +8 +30 +25 +30 +1.50
+18 +8 +20 +15 0 +1.00
This Week Chg 3 Weeks
+22 +26 +25 +20 0 +1.00
+43 +42 +75 +60 +30 +3.50
Prices Net, f.o.b. Mill, Unless Otherwise Noted • Prices Per Thousand Square Feet
ORIENTED STRAND BOARD
WESTERN PLYWOOD SHEATHING CD Exterior
NORTH WESTERN EASTERN SOUTH SOUTH MID CENTRAL CANADA CANADA WEST1 EAST2 ATLANTIC3 TORONTO4
— 290 300 315 325 400 495
1/4" 3/8" 7/16" 15/32" 1/2" 19/32" T&G 23/32" T&G
DELIVERED PRICES Seattle Portland Sacramento5 Los Angeles5 Denver Salt Lake City Phoenix5 Vancouver4 Calgary4
— 325 325 340 350 450 540
180 300 305 320 330 380 450
— 295 300 315 325 400 460
— 283 288 313 323 395 450
— 290 295 320 330 410 465
215 310 320 340 350 430 490
315 3/8" 395 1/2" 3-ply 1/2" 4/5-ply 404/420 5/8" 4/5-ply 455/470 3/4" 4/5-ply 555/570
CD Struc I
CC Exterior
320 — 430 480 585
330 — 440 485 590
7/16"
15/32"
357 359 345 350 345 345 350 350 345
357 359 368 375 360 360 375 350 345
377 379 383 390 375 375 390 370 365
19/32" T&G 23/32" T&G
500 505 505 510 505 505 510 510 505
600 605 590 595 585 585 595 600 595
1–Plants in Tex., La., Ark., and Okla. 2—Plants in Ga., Ala., Miss., S.C., and Tenn. 3–Plants in Va., W. Va., N.C. 4–Prices delivered in Canadian funds, GST not included. 5–Add 10-20 for Struc 1.
400 — 495 565 650
265 — 325 350 440
SANDED Exterior AC
3/8"
CC Plugged & Mill Touch Sanded Grade
455 495 600 685 775
1/4" 11/32" 15/32" 19/32" 23/32"
UNDERLAYMENT C X-Band, T&G 19/32" 520 23/32" 610 1-1/8" 805
BC
AB
AA
410 450 555 640 730
590 630 735 820 910
605 645 750 835 925
SIDINGS, Rough Sawn
6-Patch 11/32" 19/32" 19/32" RBB CONCRETE FORM 18-Patch11/32" 19/32" 735 5/8" 3/4" 19/32" RBB 795
8'
9'
10'
645 845 910 540 790 845
995 1,195 1,260 720 970 1,025
1,005 1,205 1,270 730 980 1,035
SOUTHERN PLYWOOD1 SHEATHING From: 3/8" 15/32" 3-ply 15/32" 4-ply 19/32" 4-ply 23/32"
Rated
WEST
CENTRAL
EAST
305 400 410 500 595
300 — 410 500 600
310 410 430 505 605
SANDED
WEST
CENTRAL
EAST
220 270 340 350 430
220 280 340 350 430
235 290 360 375 465
BC Exterior
EAST
WEST
EAST
425 430 520 635 750
415 410 500 585 675
400 400 480 560 670
C X-Band, T&G WEST CENTRAL
515 525 655 655 CONCRETE FORM — 19/32" 650 23/32" 845 — 19/32" 23/32"
EAST
550 665 675 870
CD—8'
54" 47.50 Douglas Fir 1/10" 59.25 Douglas Fir 1/8" White Woods 1/6"2 70.50
27"
RW
F/T
Mix1
33.50 41.75 56.50
27.00 33.75 39.50
24.50 30.50 34.50
42.75 53.50 —
Douglas Fir 1/10"
54"
27"
112.00
102.00
1—75% 54", 10% 27", 10% RW, 5% F/T. 2—White Fir, Hemlock, Spruce
PARTICLEBOARD Industrial WESTERN
SOUTHERN
COAST1 INLAND2 CENTRAL3 EAST4
SIDINGS, Rough Sawn, 8-foot, 6-patch From: 11/32" 19/32" Grooved 4" or 8" o.c. 19/32" RBB
WEST COAST VENEER
AB—8'
UNDERLAYMENT
AC Exterior
From: WEST 1/4" 450 11/32" 440 15/32" 525 19/32" 630 23/32" 730
Mill Grade
WEST
EAST
430 665 690
450 690 715
1—West – Plants in Tex., La., Ark.; Central – Plants in Ala., Miss.; East – Plants in Ga., Fla., S.C., also N.C. and Va., where prices are slightly higher.
For Plywood Service Charges, see www.randomlengths.com. Go to In Depth > Useful Data > Plywood Service Charges, or call Random Lengths at 1-888-686-9925
3/8" 1/2" 5/8" 11/16" 3/4" 1-1/8"
220 240 275 — 315 —
225 235 275 305 315 495
235 250 295 310 330 500
185 205 240 — 280 —
— — 505 — 525 —
— — 475 — 515 —
1—Western Ore. 2—Eastern Ore. 3—Ark., La., Miss., Ala. 4—Ga., S.C. 5—Thermally fused. Coated on both sides, commodity face grade (80 gram), standard white.
MEDIUM DENSITY FIBERBOARD WEST1 EAST2
Copyright © 2010 Random Lengths Publications, Inc.
205 215 245 — 290 —
Melamine5 Interior Underlayment WEST EAST WESTERN
3/8"
1/2"
5/8"
3/4"
360 350
390 410
485 495
535 540
1—Plants west of the Mississippi River. 2—Plants east of the Mississippi River.
