The commodity plywood marketplace remains challenging. Over the past month, sales have been steady but not exciting. Buyers are cautious, making only necessary purchases. Inventory has mostly shifted to mills, making it a buyer’s market. This trend isn’t unique to plywood; other lumber and panel markets are also slow.
Delayed projects due to financing and political uncertainty are big factors. Prices keep dropping, though more slowly. Sales for Western producers are close to or below breakeven points. Sawmill curtailments haven’t made much impact yet.
Despite the slow pace, there’s still wood that needs to be bought weekly to maintain lean inventories. Current trends suggest we might be in this tough market for a while, but we’ll keep going, hoping for a positive change soon.
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