Plywood remained in a strong position through March, with order files being quoted into July/August by many mills. This trend will continue throughout the spring and summer. How much prices appreciate in coming months may depend on the pricing and availability of OSB.
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With 2×4 pricing continuing its upward trend, it leaves truss producers with little to no choice to look at price increases moving forward.
The supply of EWP continues to be tight, and with a very fragile supply chain, all it takes is one manufacturing or transportation issue to cause orders to be delayed. Expect this dance to continue for the foreseeable future as manufacturing struggles to get caught up to strong demand. Rumblings of further price increases are being heard throughout the industry.
When you thought it couldn’t get any worse in the EWP world, delays in truss hangers and plates are now added to the mix. Many manufacturers are behind and struggling to meet delivery dates. With the price of steel continuing to rise, we expect price increases on these items as well.
Anything made with MDF is a significant issue within finishing products. The raw material that is sourced offshore is being held up due to container shortages, lack of ocean shipping vessels, and major congestion at North American ports.
There is simply no more capacity available from shipping lines. This delay is causing major issues in the mouldings and doors industry. Lead times for all products continue to extend from the traditional three months to as much as 8-10 months, and many manufacturers have stopped taking new orders until they can get caught up. We expect supply issues to continue through the summer, and with that, we can expect to see more price increases.