The Western commodity plywood markets have been stable and steady the past several weeks. Prices are up slightly across the board from a month ago, but not as much as commodity lumber and OSB pricing during the same period.
With the short Thanksgiving week ahead, Western plywood mills are quoting shipments in the week of December 2, on average. Customers continue to cover needs only, with a few exceptions. U.S. plywood markets are steady enough, but unspectacular. SYP plywood seems be flat, OSB is firm, with limited open market wood available.
Canadian plywood is currently the strongest panel sector, with prices up 20% from six to seven weeks ago. We’re also settling into winter trading mode. Sentiment is definitely more positive as we get close to finishing the year and are able look to 2025.
At the recent NAWLA Traders Market, most attendees we talked to were positive about business in 2025. The general feeling is that it will be an improvement over 2024. The industry needs it. It’s clear that the new administration will be pro-growth for the economy. How that plays out remains to be seen as everyone is anticipating significant change across the board in Washington. It’s going to be interesting.
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