Strong price increases were seen across Australia’s structural softwood product range in the March quarter 2021. Price movements for untreated MGP10 and MGP12 products ranged between 4.2% and 4.8% higher over the quarter, while price movements for treated F7 products ranged between 3.3% and 6.0% higher.
Large upward price movements were also seen in the treated outdoor timber product range. Prices for treated sleeper products increased by 4.7%, while treated decking product prices increased by 7.1%. Price movements for engineered wood products were particularly strong in the March quarter, with I joist/I beam product prices increasing by up to 7.9%. Even stronger price movements were seen for LVL products, which increased up to 9.9% over the quarter.
Price movements for plywood and MDF panel products ranged between 2.0% and 4.7% higher, while upward price movements for particleboard products were more moderate.
The TMS collects price data through quarterly surveys of a representative sample of timber market participants in eastern Australia. All quarterly TMS reports contain price movement information for softwood timber, panels and engineered wood products. The June and December quarter editions also include price movement information for hardwood timber products surveyed over a six-month period.
The TMS is prepared by Indufor and funded by nine major Australian forestry organisations: Forestry Corporation of NSW; VicForests; Hancock Victorian Plantations; HQPlantations; OneFortyOne Plantations; Queensland Government Department of Agriculture and Fisheries; Green Triangle Forest Products; AKD Softwoods; and Sustainable Timber Tasmania.
Further information and the latest Timber Market Survey report can be read here.
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