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Sawmillers seek higher plywood product export prices


“Given the low plywood inventory in Japan, coupled with the infrastructure construction works for the coming Olympics (in 2020), which has accepted the company’s plywood products for the said construction works, we expect the timber market to rebound,” said Sibu-based Ta Ann in notes to its latest quarterly results ended Sept 30, 2017.

“Given the low plywood inventory in Japan, coupled with the infrastructure construction works for the coming Olympics (in 2020), which has accepted the company’s plywood products for the said construction works, we expect the timber market to rebound,” said Sibu-based Ta Ann in notes to its latest quarterly results ended Sept 30, 2017.

KUCHING: Sawmillers in Sarawak are seeking to raise prices of plywood products for shipment to Japan amid tight supplies and rising log prices.

They are proposing a price increase of between 5% and 6% for shipment in January. This is on top of double-digit increase in prices over the last 12 months.

Corporate News , Plywood , Sarawak

   

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