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International Plywood and Veneer Prices 

16-30th September 2004


International Plywood and Veneer Prices

Indonesia 

Plywood (export, FOB)

MR,               per Cu.m

Grade BB/CC

2.7mm                  US$335-355

3mm                     US$295-305

6mm                    US$250-265

Brazilian Plywood and Veneer

The industry is reporting that export wood prices are relatively stable. In the case of plywood, mainly pine plywood, demand in the US eased in the past month and some additional volumes were redirected to the markets in Europe.

Brazilian pine plywood exports totalled registered US$354.7 million in the first eight months of 2004, up 87% year on year. 

As for tropical plywood, the value shipped from Brazil from January-August was US$251.5 million, an increase of 73% in relation to the same period last year (US$ 145.7 million).

Record breaking exports

Analysts are saying that Brazilian plywood exports have never enjoyed such great period as at present and it looks as if new export records will be reached. If the current pace of exports continues maintains, Brazilian plywood exports will reach an impressive 3 million cubic metres  by the end of year. 

The success story of Brazilian plywood exports began in 1999 when exports more than doubled year on year (+103%) to 1,015,000 cubic metres. Since then, yearly growth in exports has averaged almost 25%.  

In the January-August period of 2004, exports stood at 2 million cubic metres up around 40% compared to the same period last year and analysts forecast that for the full year projections are for a 32% growth in relation to 2003.  

In 2003 pine plywood exports accounted for around 69% of the total, the highest proportion since 2000. For this year, although increasing in volume, pine plywood exports as a percentage of total exports are expected to show a slight decline if the current pace of Brazilian plywood exports is maintained.     

FOB Belem/Paranagua Ports

Veneer FOB                per Cu.m

White Virola Face

2.5mm                         US$210

Pine Veneer (C/D)            US$150

 

Mahogany Veneer          per Sq.m

0.7mm                         No trade

 

Plywood FOB                     per Cu.m

White Virola (US Market)

 5.2mm OV2 (MR)             US$315 15mm BB/CC (MR)             US$275

 

For Caribbean countries

White Virola

4mm                            US$400

12mm                          US$310

Pine EU market

9mm C/CC (WBP)          US$230

15mm C/CC (WBP)          US$220

18mm C/CC (WBP)          US$215

  

Malaysian Plywood 

MR Grade BB/CC FOB       per Cu.m

2.7mm                  US$335-345

3mm                     US$290-295

9mm plus              US$265-275

 

Domestic plywood

3mm                     US$350-365

12-18mm              US$275-290

  

Ghana

Rotary Veneer              Core       Face      

                     1mm+       below 2mm

Bombax, Chenchen,        Euro per Cu.m

Kyere, Ofram,

Ogea,Otie,Essa               320       360

Ceiba                    260  300

Mahogany             420  460

 The above prices are for full sized panels, falling sizes minus 15%. 

Core Grade 2mm+            per Cu.m

Ceiba                           US$225

Chenchen, Ogea,

Ofram,                        US$290

 Sliced Veneer  

                           Euro per Sq.m                    

              Face       Backing

Afromosia       1.19 0.69

Asanfina 1.25       0.73

Avodire  0.92       0.51

Chenchen       0.72 0.44

Mahogany       1.03 0.65

Makore          1.01 0.60

Odum            1.54 0.92

  

Plywood Prices FOB 

Redwoods B/BB     

                              Euro per Cu.m

                         WBP             MR

4mm              560         460

6mm              340         310

9mm              315         290

12mm            300         280

15mm            310         285

18mm            300         275

Light Woods B/BB     

              WBP              MR

4mm              500         352

6mm              340         265

9mm              290         250

12mm            270         230

15mm            280         240

18mm            245         230

Grade AB/BB would attract a premium of 5%. BB/BB would be 5% less, C/CC would be 10% less and CC/CC would be 15% less.  

Peru

FOB For Mexican Market   per Cu.m

Copaiba plywood,

two faces sanded,

B/C, 15x4x8mm       US$330-340

Virola plywood,

two faces sanded,

b/c, 5.2mmx4x8              US$370-380

Lupuna plywood, treated,

two faces sanded,

5.2mmx4x8           US$320-330

Lupuna plywood, b/c , for Mexico

15mmx4x8            US$300-310

b/c, 9mmx4x8        US$310-320

b/c, 12mmx4x8              US$305-310

c/c 4mmx8x4        US$310-320

 Veneer Prices  

FOB                    per Cu.m

Lupuna 2.5mm              US$195-200

Lupuna 4.2mm              US$205-215

Lupuna 1.5mm               US$225-235

 Domestic Plywood Prices  

Brazil 

Rotary Cut Veneer

(ex-mill Northern Mill)              per Cu.m

White Virola Face              US$142

White Virola Core              US$115

 

Plywood

(ex-mill Southern Mill)      

Grade MR                   per Cu.m

4mm White Virola            US$451

15mm     White Virola            US$328

4mm Mahogany 1 face            No trade

The strong demand in export markets and the gradual recovery of domestic sales has meant that the mechanically processed timber sector achieved a reported 90% utilization of its production capacity this June, one of the highest levels reported in recent years.

If this pace of production is maintained the sector will reach a ceiling in its production capacity by 2006, according to the president of ABIMCI. 

Two years ago, the timber sector developed a US$5 billion industrial investment plan in order to increase productive capacity. Around 60% of the proposed investment was for expanding plantation forests and the other 40% was for planned investment in more modern equipment and in expanding timber processing capacity. 

However, the ABIMCI plan is said to have fallen behind schedule as there is still a high level of uncertainty that is inhibiting investment. The problems identified include infrastructure weaknesses and high interest rates. The sector also faces still frequent changes in the Brazilian environmental laws and complains of a lack of specific financing mechanisms for the timber production. 

The shortage and costs of domestic raw materials has resulted in some companies using timber imported from Argentina and Uruguay so as to satisfy export orders.

 

Indonesia 

Domestic MR plywood

(Jarkarta)              per Cu.m

9mm                     US$275-280

12mm                   US$250-255

15mm                   US$260-275

 

 Peru

Lupuna Plywood               per Cu.m

122 x 244 x 4mm BB/CC       US$416

122 x 244 x 6mm BB/CC       US$411

122 x 244 x 8mm BB/CC       US$402

122 x 244 x 10mm BB/CC       US$394

122 x 244 x 12mm BB/CC       US$393

122 x 244 x 15mm BB/CC       US$394

122 x 244 x 18mm BB/CC       US$392

 

 Other Panel Product Prices

Brazil  

FOB Belem/Paranagua Ports

Export Prices

Blockboard 18mm B/C            per Cu.m

Pine                      US$340

 

Domestic Prices

Ex-mill Southern Region    per Cu.m

Blockboard

15mm White Virola Faced       US$295

15mm Mahogany Faced            No Trade

 

Particleboard (ex-factory)

15mm                          US$180

 

Indonesia  

Other Panels         per Cu.m

Export Particleboard FOB

9-18mm         US$140-150

 

Domestic Particleboard

9mm                     US$150-160

12-15mm              US$140-145

18mm                   US$135-140

 

MDF Export (FOB)

12-18mm              US$195-200

 

MDF Domestic

12-18mm              US$200-215

  

Malaysia

Particleboard (FOB)   

Export                  per Cu.m

12mm & above              US$165-170

 

Domestic

12mm & above       US$160-175

MDF (FOB)         per Cu.m

Export 18-22mm       US$200-205

Domestic Price

12-18mm              US$190-215

 

Peru

Domestic Particleboard Prices

Domestic                     per Cu.m

1.83m x 2.44m x 4mm              US$293

1.83m x 2.44m x 6mm              US$247

1.83m x 2.44m x 8mm              US$219

1.83m x 2.44m x 9mm              US$227

1.83m x 2.44m x 12mm            US$210

  

Prices of Added Value Products  

Indonesia 

Mouldings             per Cu.m

Laminated Boards          

Falkata wood        US$295-305

Red Meranti Mouldings

11x68/92mm x 7ft up     

Grade A       US$610-630

Grade B       US$515-525

 

 Malaysia  

Mouldings (FOB)    per Cu.m

Selagan Batu Decking       US$550-555

Red Meranti Mouldings

11x68/92mm x 7ft up     

Grade A       US$630-635

Grade B       US$525-530

  

Ghana  

Parquet Flooring 1st Grade

10x60x300mm

FOB      Euro per Sq.m

Apa        12.00

Odum            7.80

Hyedua          13.67

Afromosia       13.72

10x65/75mm

Apa        14.47

Odum            10.18

Hyedua          18.22

Afromosia       13.93

14x70mm

Apa        17.00

Odum            11.00

Hyedua          17.82

Afromosia       17.82

10x50mm/77mm

Apa        10.99

Odum            8.50

Hyedua          13.67

Afromosia       12.59

Grade 2 less 5%, Grade 3 less 10%  

Peru

Strips  for parquet   FOB per Cu.m

Cabre uva KD S4S

Asian Market        US$1400-1420

Cumaru KD, S4S,

(Swedish Market)       US$630-645

Cumaru KD, S4S,

(Asian Market)              US$555-585

Cumaru decking, AD,

S4S E4S USA market       US$620-642

Pumaquiro KD # 1, C&B

(Mexican market)       US$465-480

Quinilla KD 12%, S4S

20mmx100mmx620mm

 (Asian market)              US$560-575

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Abbreviations

LM       Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS        Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR           French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF        Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot              Price has moved up or down

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Source: ITTO

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