kiln dried framing lumber • r/l - madison's lumber …...kiln dried framing lumber • r/l...

Kiln Dried Framing Lumber • R/L

Green DimensionUtility/

#3

2x4 #2&Btr2x62x82x10

EasternSPF

385 320380 320385 330400 ------

F.o.b. Toronto. (US$) GST excluded

2x4 #2&Btr2x62x82x102x122x4 #3/Utility

310 320 270 370 430 165

DouglasFir

Volume 66, No. 7 The source for North American lumber and panel prices February 19, 2016

by Earl Heath

Key comment: “Up-limit lumber futures encouraged many buyers to participate this week.”

Douglas Fir/ Hem/Fir Hem/Fir Southern Yellow PineFir Larch (Coast) (Inland) (East) (West)

375 370 300 300 400 375 375 365 300 300 300 310 330 330 270 260 325 355 385 355 295 305 325 320 500 470 320 325 415 410 180 190 175 200 320 340

2x4 #2&Btr2x6 2x82x102x122x4 #3/Utility

460 360460 290455 290500 ------ ------ ------

360 295360 240355 245390 ------------ ------

2x4 Utility2x6 #32x82x102x12

Eastern Spruce-Pine-Fir2x4 #2&Btr2x6 2x82x102x12Truck delivered to Great Lakes/Columbus, USA.

2x4 #2&Btr2x62x82x102x12Delivered Toronto.


Western Spruce-Pine-Fir

US dollars per thousand board feet, net f.o.b. mill, flat car poly wrapped (FCPW).

266 200 135 264 132 120 248 150 130 296 150 130 350 175 130

2x4 #2&Btr2x62x82x102x12


2x4 #4/Econ2x62x82x102x12

Western SPF Onward

AMERICA• Positive movement in lumber futures

helped force the hands of many hereto-fore vacillating customers this week. American WSPF traders were happy enough with the pace of business but of course it could have been better.

• Trading volumes were “looking good”; the only thing players complained

about was the unwillingness of cus-tomers to take any long positions.

CANADA

• This week went well for producers of WSPF lumber in British Columbia; sawmills found enough room to push their order files out to the week of March 14th.

• So far this year transportation has been no problem for Canadian WSPF producers; recent monsoon-like weath-er in BC generated concern however. Forest roads have already been shut down in many regions due to slushi-ness and more are expected to follow.

Eastern SPF Good Week• Monday and Tuesday sales may have

been so-so, but by midweek ESPF mills in Eastern Canada had seen enough action to extend their order files into March.

• Low field inventories ensured the con-sistent return of buyers who had been holding off for too long and had to fill gaps in their stocks. Everyone expects March to bring a much-needed bump in consumption of lumber commodi-ties, and buyers don’t want strapped inventories if and when that happens.

• Producer sales were heavier to the retail and distribution segments this week; wholesalers held off for the most part.

• ESPF players made special mention of the development of a two-tier market, which began late last week.

• 2x4-9’s and #3/Utility 2x4 R/L were the “hot demand items”. Nine-foot studs apparently sold equally well into both the Toronto and Great Lakes markets.

Green Douglas Fir Back At It

• Asking prices bumped up a few bucks on nearly all green Doug-fir commodi-ties, thanks in large part to sustained takeaway from Californian buyers.

• While green fir producers in BC fought monsoon-like conditions this week, US mills worked through milder weather. Demand was solid again for the fresh wood, and losing production due to mushy forest roads “sucks”.

February 19, 2016

MADISON’S LUMBER REPORTER • 604-319-2266 • [email protected] • w w w.madisonsrepor t.com

2

235!255!275!295!315!335!355!375!395!415!435!455!475!

Feb!Mar!Apr!May! Jun! Jul! Aug!Sep!Oct! Nov!Dec!Jan!Feb!Mar! Apr!May! Jun ! Jul! Aug! Sep!Oct!Nov!Dec!Jan! Feb!

US$

per

Mfb

m!

FIVEKEY2x4KDandgreenR/LDIMENSIONLUMBERPRICESFEB'14-FEB'16

WSPF KD 2x4 HEM/FIR inland 2x4 ESPF KD 2x4 SYP EAST 2x4 Doug Fir green 2x4

News & UpdatesCanada-US Softwood Lumber Discussions

Ottawa and Washington have begun talks toward renewing a pact regarding the export of Canadian lumber to US markets, Canada’s trade minister, Chrystia Freeland told lawmakers in Ottawa Thursday, said NASDAQ.com.

Freeland said Canadian negotiators were in Washington last week to meet with their US counterparts about a new lumber-trade agreement.

A spokesperson for the Office of the US Trade Representative didn’t elaborate.Freeland said Prime Minister Justin Trudeau raised the issue with President Barack

Obama in November at the Asia-Pacific Economic Cooperation summit in Manila.Canadian forest products represent roughly 8 per cent of total Canadian exports,

according to the most recent trade data. In 2015, exports of forest products rose 9.2 per cent from a year earlier to 3.47 billion Canadian dollars ($2.53 billion).

Read more: http://www.nasdaq.com/article/us-and-canada-start-lumbertrade-talks--update-20160218-01383#ixzz40dvBALdY.

US Construction Material Prices: Jan 2016Construction input prices fell by 0.6 per cent during January 2016 according

to the US Bureau of Labor Statistics Producer Price Index released Wednesday. CONT’D PAGE 6

Southern Pine Lumber Exports: 2015Southern Pine exports finished 2015 at a record volume of just over 589 million

board feet (MMbf), a jump of 7 per cent above the 2014 export total, according to the USDA’s Foreign Agricultural Service Thursday.

In the past five years, exports of Southern Pine lumber have more than doubled. CONT’D PAGE 7

Western Forest Products, Canfor, Goodfellow ReportWestern Forest Products reported Wednesday revenue of $265.6 million in 4Q

2015, compared to $232.6 million for 4Q 2014.Canfor reported also Wednesday net income of $1.6 million, or $0.01 per share,

for 4Q 2015, compared to $29.9 million, or $0.22 per share, for 4Q 2014. CONT’D PAGE 7

China Log Inventories, Prices: Jan 2016New Zealand export log prices to China fell in January 2016 and rallied again

in February to end up pretty much back at December 2015 levels, said Wood Mat-ters Friday. Domestic log prices have continued to strengthen on the back of solid demand, especially for pruned logs.

China log inventory has fallen from 2.7 million m3 as Wood Matters Log Mar-ket Report last reported in December, to 2.4 million m3 just prior to the Chinese New Year holidays, but is expected to increase again to around 3.6 million m3 by the end of this month. CONT’D PAGE 8

North America Transportation Data UpdateThe latest North America railway transportation data is examined. CONT’D PAGE 9

M a d i s o n ’ s L u M b e r

Annual Subscription PricesE-mail/Fax: US$408.45

Published 50 times a year

In Canada, add GST or HST

Discounts available for multiplesubscriptions

ISSN 0715-5468 Printed in Canada © 2015

All material contained within is the property of KetaDesign Productions Inc. Reproduction or retransmission is expressly forbidden.

Publisher KetaDesign ProductionsEditor Kéta KosmanMarket Analyst Earl Heath

www.madisonsreport.com [email protected] 604 319-2266

PO Box 2486 Vancouver, BC V6B 3W7 Canada

r e p o r t e r

http://www.nasdaq.com/article/us-and-canada-start-lumbertrade-talks--update-20160218-01383#ixzz40dvBALdY

http://www.nasdaq.com/article/us-and-canada-start-lumbertrade-talks--update-20160218-01383#ixzz40dvBALdY

February 19, 2016

w w w.madisonsreport.com • [email protected] • 604-319-2266 • MADISON’S LUMBER REPORTER

3

195

215

235

255

275

295

315

335

Jan

Feb

M

ar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

M

ar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

C$

per

Msf

OSB7/16"OntarioJanuary2014toFebruary2016

Mar-16 263.20 258.20 263.10 +9.80 2,565 308.00 226.00 May-16 260.40 253.30 260.10 +9.60 2,403 288.00 232.50 Jul-16 260.70 255.60 259.80 +9.10 491 267.10 236.00 SEp-16 262.10 257.50 260.40 +7.90 64 267.50 241.40

High Low Close Change Open Interest Contract High Contract LowThursday, February 18, 2015

Lumber Futures • Chicago Mercantile Exchange

MSR • KD

1650 f2100 f2400 f

1950 f

365 300 355 290 385 320 400 335 490 425 435 370 ----- ----- ----- ----- 435

MSR Western SPF 2x4 Chic. 2x4 Van. 2x6 Chic. 2x6 Van. 2x8 Chic.

8-20 ft. F.o.b. to Chicago or Vancouver

1650 f2100 f

385 395 400 470

MSR Eastern SPF 2x4 2x6

8-20 ft. F.o.b. delivered Great Lakes Zone

MSR Spruce-Pine-Fir (East) • Specified Lengths

355 355 360 390 375 380 385 390

10’ 12’ 14’ 16’

8-20 ft. F.o.b. delivered Great Lakes Zone

2x4 1650 f2x4 2100 f

USD - CAD RATES

1 USD1 CAD

02/18 02/19 (close) (noon) 1.3749 CAD 1.3801 CAD 0.7273 USD 0.7246 USD

265 365 260 405 280 350 255 330 260 310

Studs 305 405 365 460 385 535 260 330 265 380

235 235 315 205 205 220 340 250 315 295 365

ESPF KD 2x6-8’ESPF KD 2x6-9’ESPF KD 2x4-8’ (Delivered Toronto, $Cdn)

ESPF KD 2x4-9’ (Delivered Toronto, $Cdn)



Douglas Fir Green 2x4-8’Douglas Fir Green 2x4-9’Douglas Fir Green 2x6-8’Douglas Fir Green 2x6-9’

Douglas Fir KD 2x4-8’Douglas Fir KD 2x4-9’Douglas Fir KD 2x6-8’Douglas Fir KD 2x6-9’Hem/Fir Inland 2x4-8’ KDHem/Fir Inland 2x4-9’ KDHem/Fir Coast 2x4-8’ KDHem/Fir Coast 2x4-9’ KDFir/Larch KD 2x4-8’SYP West 2x4-8’

WSPF KD 2x4 PETWSPF KD 2x4- 8’WSPF KD 2x4-9’WSPF KD 2x4-7’WSPF KD 2x4-6’WSPF KD 2x6 PETWSPF KD 2x6-9’WSPF KD 2x3-8’WSPF KD 2x4-8’ to 10’ FJESPF KD 2x4-8’ESPF KD 2x4-9’

Studs No Problem• Strong and consistent sales of late

have helped WSPF studs makers in BC to “pull off the market” on multiple items, most notably four-inch studs.

• According to some producers, many distributers and partners keep asking for greater volumes of standard studs than are covered in their contracts. This development “is huge” for mills, who take it as an indication of market strength.

• Players had no issues to speak of in the realm of transportation. As a rule, the right amount of cars ar-rived each week, they just weren’t necessarily on time.

Machine Stress Rated• Sellers remarked that demand for

machine stress-rated lumber was not as robust as standard dimen-sion, but it was “getting there”. Mills showed a little confidence, bumping asking prices up $10 on most design values.

• In the past couple of weeks traders have seen increasing volumes of MSR in the hands of the wholesale community, which they choose to read as a positive sign.

February 19, 2016


4

Kiln Dried Specified Lengths • S4S

Southern Yellow Pine (West)

335 320 365 365 420 345 385 230 320 335 310 300 305 305 320 340 350 355 375 360 370 280 305 320 315 335 310 325

Southern Yellow Pine (East)

325 375 375 395 435 395 385 210 295 295 285 310 315 315 265 315 330 315 345 310 340 235 320 340 350 330 305 330

8’ 10’ 12’ 14’ 16’ 18’ 20’

8’ 10’ 12’ 14’ 16’ 18’ 20’

Copyrighted MaterialAll information contained within this publication is intended only for the personal and confidential use of the

designated recipient. Subscribers are not authorized to disseminate, distribute or copy this material or any part of it without the express written consent of Madison’s Lumber Reporter.

Select & Common Boards

355 390 355 330 365 315 400 ------

1x41x61x81x101x12

1x21x31x41x6

520 480 590 590 765

ESPF • Kiln Dried WSPF • Kiln Dried Engelmann Spruce

1x41x61x81x101x12

R/L 8’ #2&Btr #2&Btr #3 #4

10-15% Utility&Btr. Net delivered to Great Lakes. US dollars

595 395 240 730 410 190 675 395 175 660 415 190 755 420 195

Ponderosa Pine Eastern White Pine

1x41x61x81x101x12

Industrial #2&Btr #3 #4 Premium Standard KD/Non HT KDHT

Mixed cars

1x41x61x81x101x12

210 242 245 256 298 268 265 192 266 266 222 280 296 290 200 280 260 223 260 285 285 184 288 290 286 290 285 288

8’ 10’ 12’ 14’ 16’ 18’ 20’ Western Spruce-Pine-Fir

2x4 #2&Btr2x62x82x10

335 335 345 355 390 375 375 365 320 375

8’ 10’ 12’ 14’ 16’Eastern Spruce-Pine-Fir

2x4 #2&Btr2x6

2x4 #2&Btr2x62x82x10

2x4 #2&Btr2x62x82x10

535 375 235 830 475 410 410 625 320 185 840 625 410 410 540 310 175 720 620 390 410 575 310 190 720 640 390 420 660 365 195 790 610 390 425

Kiln Dried Fir Satisfactory

• Producers of dry Doug-fir were content this week with good sales momentum carried over from last. Prices continued to advance bit by bit, with no sign of buyers losing interest any time soon.

• In what has become a perpetual development, field inventories remained low and hand-to-mouth deals abounded. Mills haven’t had to worry about customers nabbing enough volume to sit on their hands in a long time.

• Prices of dry fir studs “gained some ground” this week, as was the trend. Nine-foot studs – par-ticularly 2x4 – were a hit, thus producers were able to boost their asking prices on all stud items.

• Mill order files were already into early March on most items; play-ers expect consumption to ramp up further then, weather-permit-ting of course.

February 19, 2016


5

OSB & Plywood

Reload and Delivered Fir • B.C. Coast to U.S. Atlantic NE • Green & KD

R/L, 8-20 ft, S4S, 75/25. Cargo prices are to dealers, f.o.b. truck. Reload prices are to dealers, trucking extra.* Delivered prices are by truck to customers in the US northeast

320 455 495 325 465 505 340 420 460 450 530 540 470 560 580

Douglas Fir Douglas Fir Douglas Fir* Green Kiln Dried Delivered

3/8 7/1615/32 1/219/3223/32 (T&G)

Except as noted, all prices below are in Canadian dollars per 1,000 sq. ft.

Canadian Oriented Strand Board

Prices are truckload per 1,000 sq. ft.; net delivered by distributor to dealer. For OSB T&G, add $5. GST excluded.

305 ------ 305 320 325 345 345 365 430 435 500 490

BC Ontario

3/8 1/2 5/8 3/4 1” Select

3/8 1/2 5/8 3/4 1” Select

Fir Plywood •Sheathing

Prices are truckload/carload per 1,000 sq. ft.; net delivered by distributor to dealer. GST excluded.

382 509 637 754 1019

Vancouver

Canadian Softwood Plywood • Sheathing

Prices are truckload/carload per 1,000 sq. ft.; net delivered by distributor to dealer. GST excluded.

382 402 509 536 637 670 764 804 1019 ------

Vancouver Toronto

3/8 1/2 5/8 3/4

Fir CCX Plywood

Prices are truckload/carload per 1,000 sq. ft.; net delivered by distributor to dealer. CSA stamped. GST excluded.

409 525 626 799

Toronto

2x4 #2&Btr2x6 #2&Btr2x82x102x12

Reload and Delivered Fir• Though sales were “steady” for

Eastern stocking wholesalers, prices could have been better this week. Still, players don’t think they’ll see much downside to the market going forward.

• Weather conducive to building activity returned to the Eastern Seaboard, at least for the moment. Vendors made the most of the com-paratively clement climate; plowed-up snowbanks everywhere were a constant reminder that another big storm may be right around the corner.

OSB and Plywood• ESPF plywood sales lost what

little strength it showed last week; secondaries were tired of repeated posturing by producers. Wood was eminently available for the week of February 29th. OSB sales started off “dead quiet” but picked up nicely with some US business midweek.

• Western panel dealers summed up this week in one word: “frustration”. Both OSB and plywood producers claimed to have order files that play-ers just couldn’t believe.

NORTH AMERICAN FREIGHT INDEX: DECEMBER 2015 SOURCE: DAT Solutions

February 19, 2016


6

CONT’D FROM PAGE 2

US Construction Materials Prices: January 2016

Construction input prices are down 2.7 per cent from January 2015 and have now decreased on a year-over-year basis for 14 consecutive months, according to the Associated Builders and Contractors Wednesday.

Prices for inputs to nonresidential construction have behaved similarly, falling 0.8 per cent on a monthly basis and 2.7 per cent on an annual basis. Inputs related to energy — crude petroleum, natural gas and unpro-cessed energy materials — plummeted again in January, contributing heavily to overall construction input price declines.

:

Four key input prices expanded in January on a monthly basis:

• Nonferrous wire and cable prices expanded 2.1 per cent on a monthly basis but fell 5.2 per cent on a yearly basis.Iron and steel prices grew by 1.1 per cent month-over-month but have declined 22.3 per cent year-over-year.

• Softwood lumber prices expanded 0.7 per cent for the month but fell 7.2 per cent on an annual basis.

• Prices for prepared asphalt and tar and roofing and siding products increased by 0.5 per cent on a monthly basis but are down 2 per cent on a year-over-year basis.

Seven key input prices remained flat or declined on a monthly basis:

• Crude petroleum prices plunged 23.1 per cent from December 2015 and are down 38.6 per cent from January 2015.

• Unprocessed energy material prices fell 10 per cent on a monthly basis and 26.4 per cent on a yearly basis.

• Natural gas prices shed 3.5 per cent for the month and are down 31 per cent for the year.

• Fabricated structural metal prices products fell 0.9 per cent month-over-month and 1.9 per cent year-over-year.

• Prices for steel mill products fell 0.3 per cent on a monthly basis and are down 19.2 per cent on a yearly basis.

• Prices for plumbing fixtures and fittings fell 0.2 per cent for the month and are up only 0.8 per cent from the same time one year ago.

• Concrete product prices remained unchanged on a monthly basis but have expanded 2.5% year-over-year.

February 19, 2016


7

Madison’s Weekly Lumber NewsSYP Lumber Exports, 2015

CONT’D FROM PG 2 During 2015, the top three destinations for US Southern Pine lumber exports remained unchanged: China (129.6 MMbf), up 20 per cent; the Dominican Republic (86.9 MMbf), up 12 per cent; and Mexico (73.8 MMbf), up 30 per cent, said the USDA FAS Thursday.

For the month of December, South-ern Pine exports totalled 45.7 MMbf, a jump of 17 per cent above the volume ex-ported during December 2014. Decem-ber shipments offshore break down as follows: 25.2 MMbf dressed, 7.3 MMbf rough and 13.2 MMbf treated lumber,

Prices are in U.S. dollars per 1,000 fbm (net FOB mill)

Madison’s Weekly Lumber Key Prices Tablewww.madisonsreport.com

This Week Last Week Change Month Ago Change Year Ago Change

266 264 400 300 360 235 220 310 370 295 320 402

according to Southern Forest Products Association.

Softwood lumber imports to the US finished 2015 with a volume of 13.7 billion board feet (Bbf), up 10 per cent from 2014. December imports amount-ed to just over 1 billion board feet, up 13 per cent above December 2014 imports. During all of 2015, softwood imports from Canada totalled approximately 13.1 Bbf, with 1.1 Bbf imported in De-cember alone.

Quarterly Reports CONT’D FROM PG 2 Goodfel-

low Inc, based in Delson, QC, reported

February 12 strong income and consol-idated sales for 4Q ended November 30, 2015. Net income was $2 million, or $0.23 per share, up from last year’s $1.5 million, or $0.18 per share, a year ago.

Consolidated sales were $135.2 million compared to $124.5 million last year.

As approved by the board of di-rectors, the company will be paying a cash dividend of $0.15 per common share on March 11 to all shareholders of record as of February 26.

Cascades Announces... Cascades Corp, out of Québec City,

QC, announced Friday that Charles Malo has been appointed President and Chief Operating Officer of Noram-pac, a division of Cascades.

CalendarMay 2016

International Pulp Week 2016May 1 - 4, 2016 – Vancouver, BChttp://www.forestproductssummit.com

PwC’s 29th Annual Global Forest, Paper & Packaging IndustryConferenceMay 4, 2016 – Vancouver, BChttps://www.pwc.com/ca/en/indus-tries/forest-paper-packaging/pub-lications/annual-global-forest-pa-per-industry-conference.html

257 +9 266 0 312 -46 257 +7 260 +4 320 -56 400 0 400 0 410 -10 295 +5 290 +10 350 -50 360 0 350 +10 420 -60 230 +5 200 +35 330 -95 215 +5 215 +5 330 -110 305 +5 285 +25 322 -12 355 +15 330 +40 385 -15 295 0 265 +30 380 -85 305 +15 330 -10 240 +80 406 -4 395 +7 460 -58

WSPF KD R/L 2x4WSPF KD R/L 2x6SYP KD R/L East Side 2x4SYP KD R/L East Side 2x6ESPF KD R/L 2x4WSPF KD PET 2x4 StudWSPF KD PET 2x6 StudDouglas Fir Green R/L 2x4Douglas Fir Green R/L 2x10ESPF KD 2x4 8ft StudOSB Ontario 7/16” (CDN$/msf)CSPlywood Toronto 3/8” (CDN$/msf)

http://www.madisonsreport.com/lumber-prices/


http://www.forestproductssummit.com

http://www.forestproductssummit.com

https://www.pwc.com/ca/en/industries/forest-paper-packaging/publications/annual-global-forest-paper-industry-conference.html




https://www.sub-forms.com/dragon/init.do?site=CBP1_LBnew

February 19, 2016


8

China Log Export Marketby Wood Matters Log Market Report

As speculated in the December report, January prices fell based on a CFR price drop [CFR is the price logs sell for in US$ at the destination port]. This was partly offset by favourable movements in the NZ$: US$ cross rate and, believe it or not, further reductions in [already very low] ocean freight costs (mainly lower bunkers – ship fuel oil). Modest firming of CFR price and a continued favourable NZ$:US$ cross rate and ocean freight rates saw the export log price rally again in February to recover almost all of January’s reduction.

With the A-grade CFR in China at around the [relatively low] price of US$116/JAS m3, it is not stimulatory for North American log supply. The strengthening trend of the US$ adds to the decreasing competitiveness of log exports from the USA. This will help keep a lid on excessive inventory build beyond the expected increase through Chinese New Year.

PF Olsen Log Price Index to February 2016

The PF Olsen log price index rose two points from $119 last month to $121 this month. It is now $36 higher than its cyclical low of $85 in November 2011 and $17 above the two-year average and $18 above the five-year average..

http://www.marketoracle.co.uk/Article52616.html

http://www.interest.co.nz/node/80193

February 19, 2016


9

North America Transportation Volumes UpdateCONT’D FROM PAGE 2

The Association of American Railroads Wednesday reported US rail traffic for the week ending Feb. 13, 2016.

For that week, total US weekly rail traffic was 505,148 carloads and intermodal units, down 3.8 per cent compared with the same week last year.

US Rail Car Loadings

Total carloads for the week end-ing Feb. 13 were 244,334 carloads, down 15.4 percent compared with the same week in 2015, while U.S. weekly intermodal volume was 260,814 containers and trailers, up 10.4 percent compared to 2015.

US Truckload RatesAccording to a report from DAT Solutions, based on its network of load boards, an 0.8 per cent in-crease in freight for the week end-ing Feb. 13 came as truck capacity grew by 1.2 per cent.

With the national average diesel price falling below US$2 per gallon, truckload rates on the spot market continued their downward trend. Freight brokers usually quote a one-time price that includes both a line-haul portion and the fuel sur-

charge, so declining fuel prices influ-ence spot market rates significantly, according to DAT.

The number of van load posts dropped by 6 per cent last week, while truck posts were 1 per cent higher than the previous week. The van load-to-truck ratio fell 6 per cent, resulting in 1.3 van loads for every truck posted on the DAT network. The national av-erage van rate dropped 4 cents last week to US$1.58 per mile. All rates include fuel surcharges.

North American Frieght Index Index

Spot market freight volume declined 9.1 per cent in January, and truck-load line haul rates edged down, compared to December. The month-over-month decline was typical of seasonal norms, according to the DAT North American Freight In-dex. January freight availability in-

creased in only three of the past 20 years represented in the In-dex. The exceptions were January 2010, 2013 and 2014.

Global Shipping Index

The Baltic Dry Index is finally starting to show some stability af-ter setting fresh record lows on a near-daily basis for the past few months.

The BDI set a record of 290 points on Feb. 10, but has since posted gains for the past four sessions, settling at 301 on Tuesday. It was above 1,200 as recently as August 2015, and had never been below 500 points since records began in 1985 prior to its latest downturn.

The BDI is compiled daily by the London-based Baltic Exchange and provides an assessment of the price of moving major raw materi-als by sea, including grain.

http://www.marketoracle.co.uk/Article52616.html

February 19, 2016


10

Madison’s Weekly Lumber Key Prices Chartswww.madisonsreport.com

All prices are net FOB mill in U.S. dollars per 1000 board feet unless otherwise noted. Green = not dried PET = precision end trim SPF = Spruce-Pine-Fir KD = kiln dried R/L = random lengths Std&Btr = standard & better (a grade)

180

200

220

240

260

280

Last Month This Month

WSPF KD R/L 2x4

180

200

220

240

260

280


WSPF KD R/L 2x6

330

350

370

390

410

430


SYP KD R/L East 2x4

230

250

270

290

310

330


SYP KD R/L East 2x6

140

160

180

200

220

240


WSPFKDPET2x4Stud

130

150

170

190

210

230


WSPFKDPET2x6Stud

200

220

240

260

280

300


ESPF KD 2x4 8ft Stud

280

300

320

340

360

380


ESPF KD R/L 2x4

320

340

360

380

400

420


CSPlywoodToronto3/8"*

250

270

290

310

330

350


OSB Ontario 7/16" *

210

230

250

270

290

310


Douglas Fir Green 2x4

280

300

320

340

360

380


Douglas Fir Green 2x10



February 19, 2016


11

900 910 ------ ------ 1000 1270 875 1165 1100 1280 1130 1215 1130 1330 1130 1245 1600 1850 ------ ------

Western Red Cedar

Fencing#2&BtrS1S2E

515* 820* 1125 925 1330

950 1000 875

* for US market

1x41x61x81x101x12

1/2 x 61/2 x 83/4 x 81/2 x 6 FJ

Boards • R/L • S1S2E Channel Sidings Clear Bevel Sidings**3/4 GRN

No Hole7/8 KD

BoardsSTK

10-15% Q&BtrStd&Btr VG Clear A Rustic

6’ & longer; odd & even STK; 10-15% Q&Btr; mixed cars.

1925 1775 1510 2050 1925 1230 2855 2775 ------ 1150 1025 1130

Mixed cars. 3/4” pullouts. For R/L packaging and paper wrap, add $30-$35. **Prices are per 1,000 ft surface measure.

by Earl Heath

***Prices are per 100 sq.ft.

3’ & longer; R/L loads.

Except as noted, all prices on this page are in U.S. dollars per 1,000 fbm.

4x4 4x64x84x104x126x66x86x106x128x812x12

11/16 x 611/16 x 8

3300 1430 3675 1325

Green Dimension • R/L Rough Timbers Deck Grade • S4SS4S Appearance

GradeArchitect

Knotty*CustomKnotty*

985 1150 900 1190 1250 1000 1250 1400 1075 1375 1500 1400 1600 1700 1575

1100-1125 1100-1125 1075-1100 1375-1475 1400-1725 1550 1525 1525 1525 1525 1600

985 790 1050 1190 895 1300 1325 1100 ------ 1250 945 1300

RoughAppearance

* S4SEE GRN, Trademark of WRCLA Mixed cars; net f.o.b. mill.

HIghLine

KD Panels T&GClear A&Btr STK

PremiumKD

2x4 Std&Btr2x62x82x102x12

1x4 - 6’ Dog-eared1x6 - 6’ Dog-eared1x6 - 8’2x4 - 8’ S4S no hole4x4 - 8’ S4S no hole

#2 Rail 2x4 - 8’ #2 Post 4x4 - 8’#2 Post 4x4 - 7’

Treated #1 - 18” Perfections

230 310 330

Treated 1/2 x 24 3/4 x 24 230 270 280 280 270 270

Moss Treated CCAClass BFire Retardant Class C

Moss Treated CCAClass BFire Retardant Class C

KD Shakes*** KD Shingles***Untreated Untreated #1-18” 16” 24”

Perfections Five-X Royals 206 187 230 120 ------ ------

#1#2

191 191 220 185 200 120

* 80/20 Regular #1 ** 100% Edge Grain Premium Stock

HS&RS 1/2 x 24 BureauHS&RS 1/2 x 24 to CaliforniaHS&RS 3/4 x 24 Bureau*

#1 - 24” Tapersawn 20% Flat Grain#1 - 24” Tapersawn 100% Vertical GrainRebutt/Rejoint 18”

1x41x61x81x101x12 (3/4”)

2x42x64x4Radius Edge 5/4 x 6

#2 Post GradeS4S

Cedar Dimension

Occupied• This week was “reasonably busy”

for producers of cedar dimension lumber. Decking and clear items were still king, with a few sizes of both sold clear into June.

• Pricing remained flat, mostly due to the languishing Loonie counteract-ing rises in logging rates.

Cedar Roofing Log Struggle• As has become the broken-re-

cord-refrain of late for shake and shingle producers, this week was yet another struggle to obtain enough good quality raw logs to keep production levels from reach-ing a standstill.

• Demand was certainly forthcoming from many markets for both shakes and shingles, but filling those orders while Western red cedar log prices climb ever higher puts cedar roofing mills between a rock and a hard place.

kiln dried framing lumber • r/l - madison's lumber …...kiln dried framing lumber • r/l...

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