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Price Guide Revisions

This section is updated periodically. Last update: March 31, 2021

Price Guide Revisions happen once a year. The most recent price guide revisions are at the top of this page.


May 2021 Price Guide Revision

Pricing Notice: Random Lengths wrapping up open industry consultation, will move forward on a few changes to price guide - Spec_040521.pdf

EUGENE, OR, April 5, 2021 — Random Lengths has collected feedback from the industry on pricing methodologies for Random Lengths and Random Lengths International as part of its annual methodology review process.

In addition to an open consultation, we proposed back in February to add two Southern Pine MSR prices to the Lumber Price Guide, clarify a footnote in the shop and Mldg&Btr section of the lumber guide, and add a footnote to the Canadian plywood section of the Panel Price Guide.

We have decided based on industry feedback that we will not at this time add the Southern Pine MSR prices to the lumber guide. These prices would have reflected f.o.b. mill prices for 2400f 2x4 and 2x6 produced in the eastside zone. Industry feedback was mostly against or ambivalent toward reporting these prices, so we have decided to table the proposal.

We will, however, follow through on the other proposals. In the shop and Mldg&Btr section of the Lumber Market Report, 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. In the Panel Market Report, in the Canadian plywood section, we will add a footnoted adder for tongue-and-groove finishing for Spruce plywood (PASV), similar to the current footnote under the block of Canadian Douglas Fir plywood prices.

Price guide changes will take effect Thursday, May 6, 2021, for the Lumber Market Report, and Friday, May 7, 2021, for the Panel Market Report.

The open consultation allowed for industry feedback through March 15. This annual review seeks to ensure that our methodologies reflect the physical market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies. This includes all elements of our pricing process, our price specifications, and publication frequency.

The feedback we received included one submission in favor of adding Southern Pine MSR and Dense Select Structural prices to the lumber guide. This was the only submission in favor of reporting MSR prices. Going forward, if the industry shows more support for reporting SYP MSR prices we will revisit the issue.

Another recommendation was to add specified prices for dry Douglas Fir #2&Btr 2x4-2x12 framing. We have received similar recommendations in the past, and if the industry shows more support going forward we will revisit this proposal.

Several subscribers expressed frustration that Random Lengths publication prices often lag the market, especially given the historic volatility of markets recently. This has been an issue for many decades in fast-rising or fast-falling markets. Prices published weekly in Random Lengths reflect our assessment of the market at the time of publication but cannot and should not take into account price movements thereafter which can change from day to day, and even hour to hour.

Also, some subscribers who recently have been unable to find supplies of lumber and structural panels in the volumes they need have reportedly been paying major premiums in the secondary market. In the absence of robust open-market trading at the mill level, this has led to suggestions that Random Lengths adjust its methodology to reflect pricing at the secondary level.

Adding secondary market transactions would represent a major change in methodology and would have a significant impact on existing assessment levels. Coverage of secondary market transactions would most likely require the launch of new assessments. We will continue to monitor this situation closely.

For comments and queries, please email: pricing.risi@fastmarkets.com

For other Random Lengths Pricing Notices, please see:

http://www.rlpi.com/Pricing-Notices/

For more information on Random Lengths assessment methodology, please see:

http://www.rlpi.com/Methodology/

Pricing Notice: Random Lengths wrapping up open industry consultation, will move forward on a few changes to price guide - Spec_040521.pdf

The Pricing Notice pdf document above includes detailed information about retired, new, and changed item codes. Revised documents for spreadsheet and database subscribers to prepare for price guide changes are below.

  • The revised Random Lengths Price Label Key in Spreadsheet format - RL_Tags.xls
    Available to download (or Save As) and view.
  • The revised Random Lengths Price Item Code Key in PDF format - RL_Tags.pdf
    For Adobe Reader, is also available to download (or Save As) and view.
  • The revised Database Description files in Comma Separated Values (CSV) format are also available to download (or Save As) and view. This cross-reference table contains complete text and keyword descriptions for all price guide labels. The Midweek prices are included in the Lumber and Panel Database Description Files.

Detailed Item Code information following

A list of all item code changes (new and/or retired items) and changes in item descriptions

Note to database and spreadsheet subscribers

Random Lengths item code and description changes for May 2021

Price guide changes will take effect Thursday, May 6, 2021 for the Lumber Market Report, and Friday, May 7, 2021 for the Panel Market Report.

Database and spreadsheet subscribers will receive the following files transmitted directly to your subscription email address.

-- RL_Tags.xls, the revised Price Item Code Key (spreadsheet format) that contains label names in place of prices, in the same position they appear in the publication

-- RL_Tags.pdf, the revised Price Item Code Key (PDF format) that contains label names in place of prices, in the same position they appear in the publication

--Database Description Files. These cross-reference tables contain complete text and key-word descriptions for all price guide labels. Midweek items are referenced in the Lumber and Panel Description files.

-- The revised Lumber Description file Lbr_desc.csv

-- The revised Panel Description file Pnl_desc.csv

Panel - New items - FIRSTPUB Date: 05/07/2021

Files are also available to view and/or download at www.rlpi.com. Click on HELP & FAQS, then Price Guide Revisions. https://www.rlpi.com/Help/Price-Guide-Revisions

Database subscribers please note:

Support tables are available in Microsoft Access format on request. Were making the support tables used to expand the field codes, including the query used to concatenate the Short, Medium and Long descriptions, available in Access format on request. Please contact Random Lengths Subscriber Services at subscriptions@rlpi.com, and we will send them to you.

LUMBER, FRAMING LUMBER

21 Item Code(s) - Description file change

Location changed from Western to Western Canada

LCBQ    KD W S-P-F #2&Btr 2x4 random Mill Prices

LCBR    KD W S-P-F #2&Btr 2x6 random Mill Prices

LCBS    KD W S-P-F #2&Btr 2x8 random Mill Prices

LCBT    KD W S-P-F #2&Btr 2x10 random Mill Prices

LCBU    KD W S-P-F #2&Btr 2x12 random Mill Prices

LCBW    KD W S-P-F #3 2x6 random Mill Prices

LCBX    KD W S-P-F #3 2x8 random Mill Prices

LCBY    KD W S-P-F #3 2x10 random Mill Prices

LCBZ    KD W S-P-F #3 2x12 random Mill Prices

LCCA    KD W S-P-F Stud 2x3 8’ PET Mill Prices

LCCB    KD W S-P-F Stud 2x4 8’ PET Mill Prices

LCCC    KD W S-P-F Stud 2x4 9’ PET Mill Prices

LCCD    KD W S-P-F Stud 2x6 8’ PET Mill Prices

LCCE    KD W S-P-F FJ Stud 2x4 8’ PET Prices Net f.o.b. Mill

LCLD    KD W S-P-F #3/Utility 2x4 random Mill Prices

LCLE    KD W S-P-F Stud 2x6 9’ PET Mill Prices

LCQO    KD W S-P-F #2/#2&Btr 2x4 8’ PET Mill Prices

LCQQ    KD W S-P-F #2/#2&Btr 2x4 9’ PET Mill Prices

LCRX    KD W S-P-F #2/#2&Btr 2x6 8’ PET Mill Prices

LCRZ    KD W S-P-F #2/#2&Btr 2x6 9’ PET Mill Prices

LCXS    KD W S-P-F AG 2x4 8’ PET Mill Prices

LUMBER, FRAMING LUMBER, Specified Lengths

35 Item Code(s) - Description file change

Location changed from Western to Western Canada

LCCG    KD W S-P-F #2&Btr 2x4 8’ Mill Prices

LCCH    KD W S-P-F #2&Btr 2x6 8’ Mill Prices

LCCI    KD W S-P-F #2&Btr 2x8 8’ Mill Prices

LCCJ    KD W S-P-F #2&Btr 2x10 8’ Mill Prices

LCCK    KD W S-P-F #2&Btr 2x12 8’ Mill Prices

LCCM    KD W S-P-F #2&Btr 2x4 10’ Mill Prices

LCCN    KD W S-P-F #2&Btr 2x6 10’ Mill Prices

LCCO    KD W S-P-F #2&Btr 2x8 10’ Mill Prices

LCCP    KD W S-P-F #2&Btr 2x10 10’ Mill Prices

LCCQ    KD W S-P-F #2&Btr 2x12 10’ Mill Prices

LCCS    KD W S-P-F #2&Btr 2x4 12’ Mill Prices

LCCT    KD W S-P-F #2&Btr 2x6 12’ Mill Prices

LCCU    KD W S-P-F #2&Btr 2x8 12’ Mill Prices

LCCV    KD W S-P-F #2&Btr 2x10 12’ Mill Prices

LCCW    KD W S-P-F #2&Btr 2x12 12’ Mill Prices

LCCY    KD W S-P-F #2&Btr 2x4 14’ Mill Prices

LCCZ    KD W S-P-F #2&Btr 2x6 14’ Mill Prices

LCDA    KD W S-P-F #2&Btr 2x8 14’ Mill Prices

LCDB    KD W S-P-F #2&Btr 2x10 14’ Mill Prices

LCDC    KD W S-P-F #2&Btr 2x12 14’ Mill Prices

LCDE    KD W S-P-F #2&Btr 2x4 16’ Mill Prices

LCDF    KD W S-P-F #2&Btr 2x6 16’ Mill Prices

LCDG    KD W S-P-F #2&Btr 2x8 16’ Mill Prices

LCDH    KD W S-P-F #2&Btr 2x10 16’ Mill Prices

LCDI    KD W S-P-F #2&Btr 2x12 16’ Mill Prices

LCDK    KD W S-P-F #2&Btr 2x4 18’ Mill Prices

LCDL    KD W S-P-F #2&Btr 2x6 18’ Mill Prices

LCDM    KD W S-P-F #2&Btr 2x8 18’ Mill Prices

LCDN    KD W S-P-F #2&Btr 2x10 18’ Mill Prices

LCDO    KD W S-P-F #2&Btr 2x12 18’ Mill Prices

LCDQ    KD W S-P-F #2&Btr 2x4 20’ Mill Prices

LCDR    KD W S-P-F #2&Btr 2x6 20’ Mill Prices

LCDS    KD W S-P-F #2&Btr 2x8 20’ Mill Prices

LCDT    KD W S-P-F #2&Btr 2x10 20’ Mill Prices

LCDU    KD W S-P-F #2&Btr 2x12 20’ Mill Prices

LUMBER, SELECTS & COMMONS

No change

LUMBER, INDUSTRIALS, SPECIALTIES, AND OTHER ITEMS

2 Item Code(s) - Description file change and Price Guide Footnote text change

Clarified that item "Does not include 15-20% C&Btr"

LCSD    Inland KD Ponderosa Pine Shop Mldg 1-5/16” S2S Prices Net f.o.b. Mill

LCSE    Inland KD Ponderosa Pine Shop Mldg 1-9/16” S2S Prices Net f.o.b. Mill

5 Item Code(s) - Description file change

Location changed from Western to Western Canada

LBXV    KD W S-P-F Economy 2x4 random Prices Net f.o.b. Mill ($C)

LBXW    KD W S-P-F Economy 2x6 random Prices Net f.o.b. Mill ($C)

LBXX    KD W S-P-F Economy 2x8 random Prices Net f.o.b. Mill ($C)

LBXY    KD W S-P-F Economy 2x10 random Prices Net f.o.b. Mill ($C)

LBXZ    KD W S-P-F Economy 2x12 random Prices Net f.o.b. Mill ($C)

LUMBER Composites

3 Item Code(s) - Description file change

Location changed from Eastern to North America

LCHI    Eastern S-P-F Composite

LCHT    Eastern S-P-F Composite Prev Wk

LCIE    Eastern S-P-F Composite Year Ago

PANEL, U.S. PANEL PRICES

No change

PANEL , CANADIAN PANEL PRICES

1 Item Code(s) ADDED

PASV    Plywood Spruce Sheathing (W Canada) T&G Add ($C)

PANEL Composites

No change

MIDWEEK

10 Item Code(s) - Description file change

Location changed from Western to Western Canada

MAGQ    KD W S-P-F #2&Btr 2x4 random Mill Prices

MAGR    KD W S-P-F #2&Btr 2x6 random Mill Prices

MAGS    KD W S-P-F #2&Btr 2x8 random Mill Prices

MAGT    KD W S-P-F #2&Btr 2x10 random Mill Prices

MAGU    KD W S-P-F #2&Btr 2x12 random Mill Prices

MAHW    KD W S-P-F #3/Utility 2x4 random Mill Prices

MAGW    KD W S-P-F Stud 2x4 8’ PET Mill Prices

MAIA    KD W S-P-F #2/#2&Btr 2x4 8’ PET Mill Prices

MAHK    KD W S-P-F Stud 2x4 9’ PET Mill Prices

MAIB    KD W S-P-F #2/#2&Btr 2x4 9’ PET Mill Prices

INTERNATIONAL

No change


April 2020 Price Guide Revision

Coverage Note: Random Lengths to report AG 2x4 8-foot prices

EUGENE, OR, March 2, 2020 - Random Lengths has made final its decision on reporting Appearance Grade 2x4 8-foot in certain species. Effective with the April 3, 2020 issue, prices of Appearance Grade 2x4 8-foot in Western S-P-F, Coast dry Douglas Fir, and Inland Hem-Fir will be added to the stud section on page 5 of the 14-page weekly report. This product will reflect premium grade stock, allowing for limited pencil wane.

These prices are being added after an extensive industry consultation found that a majority of the industry wants benchmark pricing for this sector of the market. An initial proposal to include Eastern S-P-F was dropped, after finding there was insufficient support from the industry to track this product in this species.

We would like to thank all who commented on these proposed changes both verbally and in writing.

For comments and queries, please email: pricing.risi@fastmarkets.com

For other Random Lengths Coverage Notes please see:

http://www.rlpi.com/Coverage-Notes/

For more information on Random Lengths assessment methodology, please see:

http://www.rlpi.com/Methodology/

COVERAGE NOTE:Random Lengths to report AG 2x4 8-foot prices - March 2, 2020


October 2019 Price Guide Revision

COVERAGE NOTE: Proposed Changes Finalized for Price Guides in Random Lengths, Random Lengths International

EUGENE, OR, [August 22, 2019] - After seeking industry feedback since mid-July on several changes or additions to the Random Lengths and Random Lengths International lumber and panel price guides, all changes as proposed will be implemented. These changes take effect with the October 1, 2019, issue of Midweek, the October 4, 2019, issue of Random Lengths, and the October 2, 2019, issue of Random Lengths International.

Random Lengths will add the price for Canadian Spruce Plywood 3/8-inch delivered Toronto to the structural panel section of Midweek. This is an addition widely requested by the industry since Random Lengths and Crow's merged in April of this year.

On page 13 of the 14-page weekly report, Canadian OSB prices currently shown as delivered to Saskatchewan, Manitoba, and Atlantic will reflect Regina, Winnipeg, and Moncton, N.B., respectively, as the delivery points. Added to the guide will be delivered prices to Halifax, Nova Scotia. These changes will make the price grid for Canadian OSB delivery points consistent with that of Canadian plywood sheathing.

In the lumber price guide, deduct prices for Western S-P-F Std&Btr 2x4 random dimension, found in footnotes on pages 5 and 6 of the weekly newsletter, will be retired. The deduct is from the published #2&Btr price. Industry feedback to date indicates there are no longer Western S-P-F mills grade stamping 2x4 random dimension as Std&Btr.

In Random Lengths International, changes in production over the years have necessitated a change in the description of Douglas Fir 4-1/8x4-1/8 baby squares from green to kiln-dried stock. Industry feedback indicates almost all production of baby squares is now kiln dried.

To all who commented on these proposed changes, both verbally and in writing, your feedback has been helpful, and much appreciated.

For other Random Lengths Coverage Notes please see:

http://www.rlpi.com/Coverage-Notes/

For more information on Random Lengths assessment methodology, please see:

http://www.rlpi.com/Methodology/

COVERAGE NOTE: Proposed Changes Finalized for Price Guides in Random Lengths, Random Lengths International - August 22, 2019

 

Saturday, April 17, 2021