These reports should be treated as a guide only. OSB continues to baffle many and all would agree last week was no exception. Despite moderate business, prices continued to erode at the mill as wholesalers as well searched for the magic number. Order files in most regions were one week and that is suspicious in many areas. Buyers remained in a non-buy mood and for now we must take a wait and see approach to buying.
Prices are still soft.
The real question is how much lower mills will allow price to go. Get your specs together. We could be getting close. Activity remained tempered on fir plywood as mills struggle to maintain order files. Mills have been open to minor counters, but will not look at large deducts due to already cheap prices.