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May 2016

U.S.: Softwood and panel markets - Week 17, 2016

Last week's ales of framing lumber in US varied among species and producing regions. The cash market in Western S-P-F got a shot in the arm from strength in futures, and transportation hang-ups related to a rail trestle in Alberta that was destroyed by fire. Eastern S-P-F producers also caught the wave of increased activity. Elsewhere, trading was mixed, with the pace slowing in Southern Pine and trading in western species described as a grind. All told, the Random Lengths Framing Lumber Composite Price rose $4 [Ещё… ]

U.S.: Softwood and panel markets - Week 18, 2016

Price trends in U.S. framing lumber were mixed last week, but the tone of the market was more upbeat in the second half of the week. The pace slowed in Southern Pine, as a waiting game developed between buyers and sellers. In contrast, prices advanced in Canadian S-P-F, although the bulk of those gains came early on momentum from the previous week’s action. [Ещё… ]

U.S.: Softwood and panel markets - Week 19, 2016

With one major exception, trading in US framing lumber species was steady to active. Western and Eastern S-P-F set the pace with double-digit gains in the narrows of random dimension and studs. In the West, green Douglas Fir caught a wave of demand, while sales of dry framing picked up and posted at least modest gains. The major exception was Southern Pine; prices were vulnerable [Ещё… ]

Apr 2016

U.S.: Softwood and panel markets - Week 13, 2016

The first quarter came to a close with framing lumber prices still pointing upward. Early week strength in futures buoyed mill positions and trader confidence. Mill order files in various species extended into mid-April and beyond. By most accounts, demand was steady to brisk, and many buyers circulated back to their suppliers for coverage [Ещё… ]

U.S.: Softwood and panel markets - Week 14, 2016

The second quarter got off to a quiet start in most framing lumber species, after a brisk close to the first quarter. Traders attributed the slower pace to the need to digest March purchases, and assess market prospects going forward. Spring break, vacation absences, and a reversal in the futures market were all cited as contributing factors [Ещё… ]

U.S.: Softwood and panel markets - Week 16, 2016

Price trends in US framing lumber were mixed last week. Southern Pine was the primary exception to a wider weakening trend. A number of SYP mills were off the market as they caught up on late shipments. Torrential rains and floods preoccupied traders in East Texas, but other key markets picked up the slack. In other species, trading was generally liquid, but producers usually had to trim prices to entice buyers. [Ещё… ]

Mar 2016

U.S.: Softwood and panel markets - Week 9, 2016

While a measured pace prevailed through Wednesday, trading in framing lumber picked up steam on the Thursday of last week. One catalyst was a strong upward move in futures, although the impact on the cash market was uneven [Ещё… ]

U.S.: Softwood and panel markets - Week 10, 2016

Amid some mixed sentiment, framing lumber prices increased. Weather clouded the views of traders in some markets. But with warm temperatures across the East and a sense that the remainder of winter held little threat going forward, buyers stepped up purchases. Trading was especially active early on, as momentum from the previous week’s surge carried over through Tuesday. Activity eased at the mill level, as producers extended order files and raised prices — in some cases sharply [Ещё… ]

U.S.: Softwood and panel markets - Week 11, 2016

Framing lumber prices pushed higher, as mild weather across much of the U.S. spurred consumption. Although rain and flooding were factors in some areas, traders widely agreed that, on top of a mild winter, spring weather had arrived about a month earlier than normal [Ещё… ]

U.S.: Softwood and panel markets - Week 12, 2016

A slower pace of sales was widely noted in the US lumber market of last week, but strength in prices of framing lumber prevailed. The gains mostly came early in the week on momentum carried over from the previous week. Many traders paused to digest recent purchases and higher prices. That approach was abetted by the Montreal Wood Convention and spring break, which took many traders out of their offices. Easter observances were an additional factor late in the week. The Random Lengths Framing Lumber Composite Price rose for an eighth straight week [Ещё… ]

Feb 2016

U.S.: Softwood and panel markets - Week 4, 2016

Traders across the distribution system were happy to see January pass. But for the first time since the holidays buyers showed a keen interest in mill offerings. Sales that developed on Wednesday lifted many framing lumber prices off the week’s lows. As some markets sprung to life, others remained dull, especially those hit with recent wintry weather. Inconsistent sales were also evident among mills in the same producing regions, with one result being larger-than-usual price spreads [Ещё… ]

U.S.: Softwood and panel markets - Week 5, 2016

Solid carryover from last week’s more active finish extended order files and lifted framing lumber prices — some sharply. Many traders noted their most active week of early 2016; they covered near-term needs, and mills extended order files into mid- to late February. But some buyers held back, based on adequate inventories or on a sense of caution about the market’s near-term course. Even so, the Random Lengths Framing Lumber Composite Price rose $4, to $309 [Ещё… ]

U.S.: Softwood and panel markets - Week 6, 2016

Trading of US framing lumber slowed last week, but momentum carrying over from the previous week pushed many prices higher. Upward pressure eased as the week progressed. Buyers digested higher prices and order files that often pushed out into late February and early March. Wintry weather in some markets and the sinking stock market in the U.S. were cited as additional factors limiting follow-through from the previous two weeks’ action. The Random Lengths Framing Lumber Composite Price gained $4 [Ещё… ]

U.S.: Softwood and panel markets - Week 7, 2016

A midweek surge of orders in many species was the highlight of the framing lumber market. After a slow start, attributed largely to holidays in the U.S. and Canada on Monday, buying picked up on Wednesday afternoon and carried solidly into Thursday. One major exception was Southern Pine, as sales faded from the previous week’s action; traders cited a litany of concerns, from the weather to the economy [Ещё… ]

U.S.: Softwood and panel markets - Week 8, 2016

Framing lumber trading paused after a mostly busy first three weeks of February. Prices in key species still finished the week higher, but the overall pace of sales slowed. Producers cited mid-March order files as the key reason for the pause, and buyers acknowledged that they needed time to digest recent purchases and higher prices. [Ещё… ]

Jan 2016

U.S.: Softwood and panel markets - Week 1, 2016

Expectations of some traders for a swift start to the year topped reality, as a number of factors left buyers straddling the fence. China’s weakening economy was a catalyst for dives in global stocks, and raised questions about the underlying strength of U.S. financial markets. [Ещё… ]

U.S.: Softwood and panel markets - Week 2, 2016

Buyers in U.S. maintained a low profile through mid-January, limiting purchases to fill-ins or loadings that they perceived as values. Wintry weather arriving in key markets, economic concerns, and Friday’s close of the January futures contract were oft-cited reasons for the lack of activity. U.S. producers gave ground grudgingly, clinging to thin order files where they could [Ещё… ]

U.S.: Softwood and panel markets - Week 3, 2016

A bearish tone enveloped framing lumber markets, as traders stepped back amid an onslaught of troubling economic news and a snowstorm poised to pound the Mid-Atlantic region. Prices of various dimension and stud items in all species tumbled [Ещё… ]

Nov 2015

US softwood lumber prices stabilize

After a sharp drop of up to 20% reported throughout this summer, the US softwood lumber prices have increased for the sixth consecutive week, edging US$1 or 0.30% higher on November 6 to US$331 per thousand board ft. (mbf). However, the current price is still $41 or 11% below the price reported in the same period last year of $372/mbf [Ещё… ]

US softwood lumber prices drop in mid-November

The framing lumber composite’s six week price run came to an end in the week of Nov. 13 with a US$5 (1.51%) drop to $326 per thousand board ft. (mbf), reflecting a slowdown in framing markets which led to price softening [Ещё… ]

Oct 2015

U.S.: softwood and panel prices - week 1; October 2015

Trading in framing lumber turned more upbeat, as concerns about this week’s expiration of the Softwood Lumber Agreement dissipated. Traders largely tossed aside any angst about heavier-than-normal shipments after the SLA’s October 12 expiration, as Canadian mills built order files into the second half of October. Demand was driven by secondaries replenishing thinning inventories. With most species showing at least an uptick in key prices, the Random Lengths Framing Lumber Composite Price rose $6. [Ещё… ]

U.S.: softwood and panel prices - week 2; October 2015

Last week, sales of framing lumber kicked into a higher gear on the heels of the previous week’s more upbeat tone. While many buyers remained cautious, they were also out of time in deferring purchases for jobs that needed coverage. Southern Pine continued to lead the way, with double-digit gains in 2x4 and 2x6 across the South. Active trading in Western S-P-F led to similar gains in the narrows. With some of the strongest weekly gains posted this year to date, the Random Lengths Framing Lumber Composite Price jumped $11 [Ещё… ]

Sep 2015

U.S.: softwood and panel prices - week September 18, 2015

Carryover from mid September’s faster finish was modest, leaving framing lumber price trends flat to narrowly mixed. Gains were usually modest and came earlier last week. Several factors continued to weigh on traders’ outlooks. Chief among them was the scheduled October 12 expiration of the Softwood Lumber Agreement. Other factors included softening offshore export markets and currency exchange rates [Ещё… ]

U.S.: softwood and panel prices - week September 25, 2015

Trading last week was a mixed bag. Some framing lumber producers reported a steady flow of sales to buyers who needed to replenish thin inventories. But others noted dull, cautious trading that has typified the better part of September. Fear of further downside potential kept many buyers on the sidelines, even as bare pavement became more visible in their yards than wood products. Gains in Southern Pine [Ещё… ]