Japanese South Sea plywood mills reduce production by 20-30%
Sep 18, 2009. Due to recent low demand for South Sea logs in Japan, Japanese South Sea plywood mills have reduced production by 20-30%. However, logs may be in short supply in some areas as a result of the cuts. Price negotiations are becoming more active as the log inventories decline, an indication that the market is showing signs of improvement.
Sep 18, 2009. /Lesprom Network/. Due to recent low demand for South Sea logs in Japan, Japanese South Sea plywood mills have reduced production by 20-30%, ITTO reported. However, logs may be in short supply in some areas as a result of the cuts. Price negotiations are becoming more active as the log inventories decline, an indication that the market is showing signs of improvement.
Imports of South Sea logs were down by 50% during the first half of the year, reaching a volume of 354,318 cubic metres. The main reason for this decline was the depressed plywood market in Japan. Sarawak and PNG’s imports each fell over 58% during the first half of 2009 and Solomon Islands’ imports fell about 24% from the same period in 2008.