Irolllt()DInTDtt COUMIINT PFIc|tr'UCT Cc'MMENT

CENER,AL MAINLAND CHINA THE ONLY THERE ALWAYS SEEM TO BE I AI IAN PI VI^JNNN MAQKtrT

UNF IN ISHED LAUAN

SUBSTANTIAL BUYER: CYCLES OF SURPRISE INTERESTING THAT BUYERS SAV]NG THE

U.K. AND EUROPE SLOW AS LARGE QUANTITIES ONI VESSELS ARR IVING.

PAPER OVERLAY MOST BUYING MARKETS OUIET WITH PR]CES MOVI[.]G THE SAME AS UNF I NISHED.

GENERAT BUYING FOR JANUARY ARRIVAL AT LOUJER DUTY LESS TI1AN A|ITICIPATED. DOOR MANUFACTURERS INVENTORIES LOW.

HARDBOARD BUSINESS OFF ABOUT 4O%:PRICES JNDICATED FOR FIRST QUARTER. FREIGHT FROM SOUTH AMERICA DOIJJN ABOUT $2.00,/N1SF DUE TO REDUCTION OF BAF (BUNKER ADJUSTN,IFNIT FACTOR).

LAUAN PRICES BUY ING CHINA

FIRI'4ED DRAT,IATICALLY MAINILY DUE TO I'/IAINLAND CHINA AND FOUR MILLS CLOSING. LOI'I GI?ADE TO I4AINLAND

3I4I4 APPROXIMATELY D1O4/1OA MSF FOB.

B iRCH CONSUMPTION DOWN WITH ALL TYPES OF BIRCII DOORSKINS FIGHTING FOP FEWER ORDERS.

SEN SMALL BUYING Ii/ITH TAIWAN FOUR PLY AROUT EIGHT PERCSNT CHEAPER THAN JAPAI{ESE THREE PLY.

HOKT.AIDO PLYWOOD

SOME PRICE DECLINES I,IJITH MILLS HURTING FORCASH FLOW

CORE U.S.A. HARD\,VOOD PLYI{OOD BUSINESS SLOW: FROM SOUTH AMERICAN DELIVERIES AT VERY INDONESIAN PRODUCTION ARRIVING.

CONTINUING DISRUPTIOI.J LO\^J PRICES: SOME NEW

VERY MIXED MARKET AND QUIET BA|{AK HEAVY U.S.A. STOCKS, AND IMPORTERS DELAYING SHIPMENTS ON EXISTING CONTRACTS, CONSEQUENTLY LlTTLE NEW QTJOTES : PRODUCTION DOWN.

GENERAL

AFI{IUAN I,4AHOGANY LITTLE ACTIVITY

MERANT]

VERY SLOVI/ BUYING, CURRENT PRICES LOOK L. IKEA BARGAIN: GETTING CLOSER TO BANAK.

I4AHIIGANY MILLS LOOKING FOR BUSINESS _ LITTLE ACTIVITY

PHILIPPINE

RAI4II.J IN SPITE OF LITTLE ACTIVITY, MILLS TRYING TO HOLD PRICFS WHICH MAKTNG EVEN LESS ACTIVITY.

SWETEI\J1A U.S.A. SLOW _ U.K. BUYING TRYING TO CCVER FOR MARCH,/APRiL WHICH RATHER FAR OUT _ SHIPPING COMPANiES TALKING FREIGHT INCREASES OF 10% JANUARY 1ST EQUAL TO ABOUT $19,/MBF.

TFA K FIRMING DOLLAR AGAINST THE GERMAN DM HAS OFFSET BURN4ESE GOVERN_ MENT PRICE INCREASE (SEE FRONT PAGE _ SMUGGLING)

GET THE BEST FROM F0lltt0ilIuTult o THE PRICIIUG GOLUM|US OIU OPPOSITE PAGE DESCBIBE+

F.O.B. ORIGIN

CHANGE FROM

PROOUCING MILLS SELLING PRICE F.O.B. VESSEL AT LOADING PORT IN COUNTRY tlF ORIGIN

LAST MONTH THE CHANGE FR(IM THIS TVI(INTH'S F.O.B. REPORTED PRICES C()MPARED TO LAST MONTH YEAR AGO

IMPRICE IMPOBTERS SELL AT

THE SAME BUT C(IMPARED T() THE SAME MONTH LAST YEAR

C0NVERTING F.0.8. WITH CURRENT IMPORT DUTY. . LATEST KN0WN OCEAN FREIGHT.MARINE INSURAi{CE.CURRENT BANK INTEREST o IMP0RTERS PR0FIT o CACULATED 0N A C0NSTANT FORMULA T(l U.S.A. NOBTH ATLANTIC PORTS . NOT A PRICE. SETTER.