Japanese log market shrinks 10%
Nov 02, 2005. From the beginning of the summer, the arrivals of imported plywood started to decrease remarkably to 357,000 m3 in July, and a similar or lower figure was expected in August. This decline in supply is unlikely to affect the mood of the market. Japan’s import of Southeast Asian logs during January-July 2005 fell almost 3% against a year ago to 862,400 m3.
Nov 02, 2005. /Lesprom Network/. From the beginning of the summer, the arrivals of imported plywood started to decrease remarkably to 357,000 m3 in July, and a similar or lower figure was expected in August. This decline in supply is unlikely to affect the mood of the market. Japan’s import of Southeast Asian logs during January-July 2005 fell almost 3% against a year ago to 862,400 m3. Demand also decreased nearly 9% to 889,800 m3 in the same period while inventories reached 337,000 m3 at the end of July (about 2.6 months of supply). The amount of logs shipped for plywood production during January-July 2005 shrank 9.3% against the previous year period to 797,600 m3. Overall estimates indicate that the Japanese market has shrunk by about 10% in 2005.