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International Plywood and Veneer Prices 

16-31th July 2004


International Plywood and Veneer Prices 

Indonesia 

Plywood (export, FOB)

MR,               per Cu.m

Grade BB/CC

2.7mm                  US$310-325

3mm                     US$265-275

6mm                    US$230-245

 

Brazilian Plywood and Veneer  

Pine plywood export prices continue to fall and analysts say that the shortage of shipping space between January and April, caused by high demand for cargo space in China, indirectly influenced in this price decline.  Many Brazilian pine plywood shipments were held at the ports waiting for vessel and when space became available all shipments were made at the same time over-supplying the US markets.

It was reported that pine plywood, which was once fetching US$ 300 per cubic metre, could only manage to attract US$ 180 per cubic metre.  

In the first half of 2004, total Brazilian pine plywood exports reached US$ 267 million, 94% higher than in the January-June period of 2003 (US$ 137 million). Brazilian tropical plywood exports in the first six months of 2004 reached US$ 172.7 million, an increase of 62% year on year. 

Export growth at risk  

The rate of Brazilian export growth is being put at risk by new shipping problems, this time the shortage of shipping space. Exporters are saying that it is not unusual for shipping containers to be overbooked and for freight rates to skyrocket.  

World demand for shipping space, particularly from the US and China, is responsible for a growth in maritime transport of over 8% this year. In Brazil, increased exports are demanding a 15% increase in available space but is just not available. The situation is made worse, say exporters, due to the mismatched export and import flows. For every three containers shipped from Brazil to the US today only one returns. As a result of this situation Brazilian companies face losing clients and business abroad.  

The trade estimates, that merchandise takes 45 days to reach North America, 30 days to arrive at Latin American and Asian destinations, 40 days to reach Europe, and 60 days to arrive in Africa, and the Middle East. There were no such delays in 2003.  

Depending on the route, freight rates have gone up between 15% and 45% this year. Currently it costs around US$ 1,500 to send a 20 ft container container to Antwerp, last year, this cost was 30% lower.  

Prices FOB Belem/Paranagua Ports  

Veneer FOB         per Cu.m

White Virola Face

2.5mm                  US$200

Pine Veneer (C/D)       US$160

Mahogany Veneer   per Sq.m

0.7mm                  No trade

 

Plywood FOB                     per Cu.m

White Virola (US Market)

 5.2mm OV2 (MR)             US$290

 15mm BB/CC (MR)             US$275

 

For Caribbean countries

White Virola

4mm                            US$400

12mm                          US$310

Pine for the EU market

9mm C/CC (WBP)          US$235

15mm C/CC (WBP)          US$225

18mm C/CC (WBP)          US$220

Pine plywood exports  

From January to June of 2004, Brazilian pine plywood exports totalled of US$267 million, 94% higher than in the January-June period of 2003 (US$ 137 million). At this rate, pine plywood exports for the year could be more than US$ 500 million, an increase of 55% over 2003.  

In terms of volume, the expectation is that Brazilian pine plywood exports in 2004 will be around 2.5 million cubic metres (2003 1.5 million cubic metres). The increase in exports is largely the result of the housing boom in the US fuelled by the low interest policy in the US.  The US market (including Puerto Rico and Mexico, it is common for plywood to be taken across the border) has absorbed about US$149.4 million in Brazilian pine plywood.  

In the European market, where CE marking for wood-based panels has been mandatory since April, Brazilian pine plywood exports were also significantly up in the first half of the year, reaching a total of US$ 105.7 million.  

However, plywood exporters will have to face new challenges in the second half. In the US, it is possible that demand for plywood will not be as strong as in the first half as interest rates are set to increase. Also, in Europe the import quota for Brazilian plywood has already been met so a 7% duty is applied to additional imports.  

Malaysian Plywood 

MR Grade BB/CC FOB       per Cu.m

2.7mm                  US$325-335

3mm                     US$275-285

9mm plus              US$250-260

 

Domestic plywood

3mm                     US$335-355

12-18mm              US$275-285

  

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$310-340

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$140

White Virola Core              US$107

 

Plywood

(ex-mill Southern Mill)      

Grade MR                   per Cu.m

4mm White Virola            US$427

15mm     White Virola            US$299

4mm Mahogany 1 face            No trade

  

Indonesia  

Domestic MR plywood

(Jarkarta)              per Cu.m

9mm                     US$235-250

12mm                   US$235-245

15mm                   US$210-235

 

Peru  

Lupuna Plywood               per Cu.m

122 x 244 x 4mm BB/CC       US$410

122 x 244 x 6mm BB/CC       US$405

122 x 244 x 8mm BB/CC       US$396

122 x 244 x 10mm BB/CC       US$388

122 x 244 x 12mm BB/CC       US$387

122 x 244 x 15mm BB/CC       US$387

122 x 244 x 18mm BB/CC       US$386

  

Other Panel Product Prices  

Brazil  

FOB Belem/Paranagua Ports  

Export Prices

Blockboard 18mm     B/C       per Cu.m

Pine                      US$330

 

Domestic Prices

Ex-mill Southern Region    per Cu.m

Blockboard

15mm White Virola Faced       US$273

15mm Mahogany Faced     No Trade

 

Particleboard

15mm                          US$161

 

Indonesia  

Other Panels                per Cu.m

Export Particleboard FOB

9-18mm                US$140-150

 

Domestic Particleboard        per Cu.m

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$160-170

 

Domestic

12mm & above              US$165-175

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$288

1.83m x 2.44m x 6mm              US$243

1.83m x 2.44m x 8mm              US$215

1.83m x 2.44m x 9mm              US$224

1.83m x 2.44m x 12mm            US$206

 

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$585-595

Grade B       US$450-460

 

 

Malaysia 

Mouldings (FOB)    per Cu.m

Selagan Batu Decking       US$555-565

Red Meranti Mouldings

11x68/92mm x 7ft up     

Grade A       US$600-615

Grade B       US$495-500

  

Ghana  

Parquet Flooring

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

 

Peru  

Strips  for parquet   FOB per Cu.m

Cabre uva KD S4S

Asian Market        US$1000-1100

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

  

Source: ITTO

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