Final decision on open consultation on methodology review for Fastmarkets Random Lengths

Specifications for the new Eastern S-P-F assessments are as follows:

Assessment: Eastern S-P-F

Size: 2×4, 2×6

Length: 8’, 10’, 12’, 14’, 16’

Quantity: Carloads or truckloads

Species: Eastern Spruce-Pine-Fir, kiln

dried.

Location: delivered Toronto

Grades: #1&2

Timing: 2-6 weeks

Unit and currency: US dollars per one

thousand board feet

Incoterm: Delivered, applicable duties and tariffs

included.

Payment terms: Cash terms; no discounts

included

Publication: Online: Thursday (end-week)

3:30-4:30 p.m. PT. PDF: Thursday 4:30-

5:30 p.m. PT.

Additionally, Fastmarkets plans to discontinue publishing Western plywood CC 3/8-inch, 1/2-inch 4/5-ply, 5/8-inch 4/5-ply, and 3/4-inch 4/5-ply assessments in the Panel Report.

Discontinued Western plywood CC prices are as follows:

• FP-PNL-0231 Western plywood sheathing CC 3/8-inch fob mill
• FP-PNL-0232 Western plywood sheathing CC 1/2-inch fob mill
• FP-PNL-0233 Western plywood sheathing CC 5/8-inch fob mill
• FP-PNL-0234 Western plywood sheathing CC 3/4-inch fob mill

Several prices in the Random Lengths International publication will also be discontinued. Southern Pine export prime 10/4 and 12/4, OSB 4×8 9.5mm non JAS, 4×8 9.0mm JAS, 3×6 9.0mm JAS, 3×6 12.0mm JAS, 3×8 9.00mm JAS, Hirakaku 105x150mm&wdr and 120x150mm&wdr will be eliminated amid a lack of consistent input and few industry objections.

Discontinued Random Lengths International prices are as follows:

• FP-LBR-0039 Kiln-dried southern yellow pine (Gulf or East Coast) prime 10/4×6-12-inch widths 10-20-ft fob dock
• FP-LBR-0040 Kiln-dried southern yellow pine (Gulf or East Coast) prime 12/4×6-12-inch widths 10-20-ft fob dock
• FP-PNL-0001 Oriented strand board sheathing non-Jas 4×8 ft (1220x2440mm) 9.5mm c&f Japan
• FP-PNL-0002 Oriented strand board sheathing Jas 4×8 ft (1220x2440mm) 9.0mm c&f Japan
• FP-PNL-0003 Oriented strand board sheathing Jas 3×6 ft (910mmx1820mm) 9.0mm c&f Japan
• FP-PNL-0004 Oriented strand board sheathing Jas 3×6 ft (910mmx1820mm) 12.0mm c&f Japan
• FP-PNL-0005 Oriented strand board sheathing Jas 3×8 (910mmx2440mm) 9.0mm c&f Japan
• FP-LBR-0056 Kiln-dried douglas fir hirakaku merch 105x150mm&wdr rl c&f Japan
• FP-LBR-0057 Kiln-dried douglas fir hirakaku merch 120x150mm&wdr rl c&f Japan

Changes to all publications will go into effect the week of July 14. Specifically, additional assessments for Eastern S-P-F and Southern Pine will publish with the Lumber Report on July 17, while Western plywood CC prices will be eliminated beginning with the July 18 Panel Report. Changes to Random Lengths International will take effect on July 23.

Additionally, Fastmarkets is soliciting feedback on potential changes to fingerjointed stud reporting. Last year, a delivered Dallas price for both Inland species and Western S-P-F was added to the report. Initial industry feedback suggests simplifying fingerjointed stud reporting further, including publishing a single delivered Dallas assessment and eliminating species, FOB mill, and delivered Chicago prices.

For feedback on the above or any other issue, please provide email response to the following address: joe.pruski@fastmarkets.com. Please specify whether your response is confidential. Input offered in confidence may be referenced but will not be attributed in any way.

Fastmarkets invited feedback from the industry on the pricing methodology for Fastmarkets Random Lengths, via an open consultation process between April 25, 2025, and May 30, 2025. This consultation was done as part of our published annual methodology review process.

This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

You can find the current methodology for Random Lengths here: https://www.fastmarkets.com/methodology.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.