Steady recovery in European plywood imports from China
In terms of plywood supply to Europe the major concern early on in the pandemic was China. “When they went into lockdown, as far as we were concerned, they just turned off the tap,” said one importer. “We didn’t see deliveries from February, through to early April. We and our customers had to live off inventories.” However, through April and May, Chinese supply was reported to have recovered steadily, and in the summer to be back to normal. One importer reported a ‘surge of outstanding deliveries in July’. Increasing freight rates, up in ...
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