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Plywood was in short supply in the UK, except Chinese
plywood which was undergoing a temporary oversupply in
the market, according to TTJ. Reports suggested Chinese
plywood (mainly poplar) was being offered at below
replacement costs, partly due to the presence of many
suppliers. Chinese producers continued to increase their
share of the UK market in the first eight months of this
year, according to timbertrends. UK plywood imports
from China jumped 52% to 165,200 m3 in the period,
those from Malaysia rose 12% to 111,500 m3, while those
from Brazil and Indonesia fell drastically. Plywood
imports from Brazil dropped 14.5% to 85,900 m3 while
those from Indonesia more than halved to 27,500 m3.
Some traders said that the over-supply of Chinese
plywood was devaluing the market. Experts agreed that
the tide of Chinese hardwood plywood exports was
unlikely to ebb in the near to medium term. Driven by the
general short supply, Chinese plywood benefited from a
slight improvement in prices recently. Despite these price
increases, prices for the Malaysian and Brazilian materials
were around 40% and 20% higher, respectively.
Plywood Panels 8x4”, CIF
Brazilian WBP BB/CC 6mm
Indonesian WBP BB/B 6mm
MDF
Eire, BS1142 12mm
US$ per m3
630
600-620
Pounds per 10m2
48
Report from the Netherlands
Dutch timber trade closes business with price hikes
Some traders said that the over-supply of Chinese
plywood was devaluing the market. Experts agreed that
the tide of Chinese hardwood plywood exports was
unlikely to ebb in the near to medium term. Driven by the
general short supply, Chinese plywood benefited from a
slight improvement in prices recently. Despite these price
increases, prices for the Malaysian and Brazilian materials
were around 40% and 20% higher, respectively.