Plywood output in Guangdong Province, China, increased by around 30% to 1.38 million cubic metres between January and May 2016. Plywood output grew by over 20% to 254,300 cubic metres in May alone, ITTO reported.
Analysts attribute this rapid expansion to efforts by the government to stimulate sales of the huge housing stock.
At present, the average price for 2.4m×1.20m×15mm plywood is RMB60-85 per sheet at the Guangxi market and RMB75-103 per sheet for 12mm panels.
