Prices in Australia for untreated MGP products remained relatively stable over the September quarter 2020. Price movements for MGP10 products ranged between 0.1% and 0.3%, while price movements for MGP12 products were within +/-0.1%. Treated F7 product prices showed slightly larger movements that were in a downwards direction and ranged between -0.4% and -0.2%.
Mixed results were seen in treated outdoor products, with softwood sleeper prices increasing by 1.4%, while treated decking prices remained relatively stable. Price movements for most products in the panel products range were marginal and within +/-0.1%. Price movements for other engineered wood products were mixed, with LVL prices showing moderate declines between -1.3% and -0.7%, while I-joist/I-beam product prices remained stable.
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 viewed here.