Plywood continued its rise through May, with many mills able to stretch order files out until October. If this trend continues, production at the mills for 2021 could be covered in the next couple of months. The price increases in plywood have started to close the gap with OSB.
The good news for the truss manufacturers is lumber pricing is stabilizing, and the hopes of price concessions are on the horizon. Allocations are in place on hangers/plates/columns.
Supply is still an issue with these items as the price of steel keeps rising, driving the prices of hangers/plates/columns up.
EWP is still under strict allocations, and we continue to see price increases as demand outpaces supply by a wide margin. One of the biggest challenges for many producers is access to supply on rim board as mills have just come back online and are inundated with orders.
The challenges in finishing are relentless at the moment as manufacturers continue to struggle with raw material shortages. Most manufacturers have put customers on allocations as they try to manage increased demand with limited supply availability. Expect prices to continue to increase moving forward as this appears to be a longer-term issue.