KUCHING: The prices of Malaysian plywood products in the Japanese market are expected to increase if the yen remains weak, according to an International Tropical Timber Organisation (ITTO) report. The market prices on concrete forming panel and structural panel are moving up and further increase may come if the yen stays weak,” ITTO said in its latest tropical timber market report. The report is published every two weeks with the aim of improving transparency in the international tropical timber market. The report said as Japan’s domestic plywood supply was tighter in December compared with November, particularly the thick panels, trading companies were trying to jack up the sale prices of imported plywood. According to Ta Ann Holdings Bhd, the lower average selling price in plywood products had affected the group’s profit margin.

Source: The Star February 05, 2017 23:37 UTC