Spurts of sales failed
to stem weakening price trends in framing lumber markets. Distributors limited purchases
and office wholesalers focused on clearing inventories in advance of the holiday weekend.
However, western board and Southern Pine treated sales got a modest boost from home
centers replenishing in anticipation of do-it-yourself business over the weekend. Some
mills aggressively sought trading levels to clear month-end buildups, while others were
content to sacrifice volume for mixed loads and single cars and trucks at or near their
asking levels.
Panel market
Structural panel sales were a grind, and prices lost ground. Demand for OSB lacked
urgency, and prices in most regions finished lower. Inventories at the retail level were
thin, but secondaries reported difficulty selling their contract loads. Dull markets
prompted some Southern Pine plywood mills to accept double-digit discounts on key
sheathing items to move volumes. In western Fir plywood, lower prices on sheathing and
23/32-inch underlayment emerged Wednesday as some producers sought to extend order files.
|