Export prices of Indonesian plywood continue to climb with no sign of slowing down. Source: Timberbiz
In particular, thin panel of 2.5mm prices shot up to about US$1,000 per cbm C&F, the highest on record.
Weather in Indonesia is much worse than Malaysia and with tightening control of illegal harvest, log production is plunging.
Log production seems to have dropped more than half of normal pace with no sign of recovery. By this log supply shortage, plywood mills’ deliveries are largely delayed.
Even regular suppliers are two to three months behind schedule and some have not delivered volumes contracted last summer.
