PRICING NOTICE: Discontinuation of duplicate lumber price series online

As part of an ongoing effort to improve the customer experience in our online portal and mobile app, Fastmarkets/Random Lengths is proposing to discontinue duplicate price series for kiln-dried European Spruce 1-inch boards with effect from November 1.

The following price series would be removed.

Price ID TAG    Description

  • 13156 EAHM  Kiln-dried spruce 2 1×4 rl fob truck del. US Gulf/East coast   
  • 13166 EAHN  Kiln-dried spruce 2 1×6 rl fob truck del. US Gulf/East coast   
  • 13185 EAHO  Kiln-dried spruce 2 1×8 rl fob truck del. US Gulf/East coast   
  • 13264 EAHW Kiln-dried spruce 2 1×10 rl fob truck del. US Gulf/East coast   
  • 13280 EAHX  Kiln-dried spruce 2 1×12 rl fob truck del. US Gulf/East coast   

These price series are identical to:

Price ID TAG    Description

  • 13585 LCES   Kiln-dried spruce 2 1×4 rl fob truck del. US Gulf/East coast
  • 13602 LCET   Kiln-dried spruce 2 1×6 rl fob truck del. US Gulf/East coast
  • 13607 LCEU  Kiln-dried spruce 2 1×8 rl fob truck del. US Gulf/East coast
  • 12901  LCLA   Kiln-dried spruce 2 1×10 rl fob truck del. US Gulf/East coast
  • 12916 LCLB   Kiln-dried spruce 2 1×12 rl fob truck del. US Gulf/East coast

Historically, Random Lengths maintained two identical sets of price series, one of which appeared in the International report and one in the Lumber report. Fastmarkets/Random Lengths believes it makes more sense to merge these into a single set of price series online.

The changes would only affect the Fastmarkets/Random Lengths historical database, online portal and mobile app. The assessments of these grades will remain available to customers in all the print publications in which they currently appear.

For comments or queries please email editors@rlpi.com, indicating “Duplicate price series” in the subject line of the email. The deadline for feedback is October 15.

For more on Random Lengths price assessment methodologies, please see here.

For other Random Lengths pricing notices, please see here.

What to read next
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]
Following an initial consultation with the market and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing changes to the specifications of the index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, by raising the silica base specification to 2.7% from 2.2%, as well as an […]
The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]