Demand in China for imported laminated rubberwood panels has fallen as both international and domestic demand has weakened, reported ITTO.
Thailand is the major supplier to China but, in the words of an analyst, “the laminated panel market is experiencing a cold winter”. Prices for panels have fallen considerably and many mills in Thailand report they cannot sustain production with such low prices and many have stopped production entirely.
Some domestic importers have reduced their imports and are anxious to clear stocks even at a loss so as to close the year without having to face the falling demand in the New year.
Factories in China using imported rubberwood laminated panel are finding international demand for finished products has weakened and many, say analysts, are operating at a loss.