RANDOM LENGTHS: A couple of price guide changes coming in May

Random Lengths will move forward on a couple of minor changes to the Lumber and Panel Price Guides, while holding back on its proposal to start reporting Southern Pine MSR prices.

In the Lumber Price Guide, in the shop and Mldg&Btr section, we will clarify a footnote for Ponderosa Pine Moulding 1-5/16-inch (LCSD) and 1-9/16-inch (LCSE), indicating that reported prices for loadings of these items do not include 15-20% C&Btr. This change will take effect with the May 6 lumber report.

In the Panel Price Guide, in the Canadian plywood section, we will add a footnoted adder for tongue-and-groove finishing for Spruce plywood, similar to the current footnote under the block of Canadian Douglas Fir plywood prices. This change will be reflected in the May 7 panel report.

Based on industry feedback, we will not at this time add Southern Pine MSR prices to the lumber guide. These prices would have reflected f.o.b. mill prices for 2400f 2×4 and 2×6 produced in the eastside zone. Industry feedback was mostly against or ambivalent toward reporting these prices, so we have decided to table the proposal. 

What to read next
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 […]
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.