China: Plywood prices continue to spiral higher

Freight rates poised to increase sharply due to IMO 2020 Regulation

China’s plywood industry has capitalised on livelier demand since the end of the second quarter of 2019 by raising prices again. FOB prices had climbed by 2-4% for the first time in a long while in mid-October, and manufacturers have since tacked on another 1-5%. According to German import merchants, these mark-ups ...

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