PRICES REFLECT July 6, 2018 ISSUE OF MADISON’S LUMBER REPORTER
BENCHMARK 2×4 Kiln Dried R/L Construction Framing North American Softwood Lumber and Panel Prices Graphs: July 6, 2018
Kiln Dried Fir Pause
- Kiln-Dried Douglas-fir softwood lumber traders knew last week would be a step back from the normal pace of business with both Canada Day and Independence Day, but it was almost “slower than expected” even so. As in green fir, labour forces for harvesting and hauling were less than optimal, and the significant reduction in overall demand during this holiday-filled week gave producers a small chance to catch up with their fibre stocks.
- Order files drew closer according to sawmills, with typical bookings no more than two weeks out. Pricing was flat from last week as producers had no incentive to reduce their levels. They were confident buyers would be back en-masse next week as field inventories were still believed to be “almost zero”. Mills also noted “slightly better” rail service this week.
Standard Construction Framing North American Dimension Softwood Lumber and Panel Prices: Wholesale Price July 3, 2018 (net FOB mill North America)
Western SPF STUDS: Lay Low
- Even as business waned unsurprisingly during the double-national-holiday week, producers of high-end studs in British Columbia were impressed with residual demand for bread and butter 2×4-8’s. Most other items “suffered a bit” last week however, with only 2×3-8’s also worthy of a positive appraisal. That critical mobile home component was apparently “hard to overproduce”.
- Lower grade stud products continued to enjoy unabated demand from overseas markets not focused on holiday weekends, with constant inquiry coming from China, Taiwan, and the Middle East. British Columbia studs makers had sawmill order files anywhere from one to three weeks out depending on the item.