Wood prices in Egypt today, Thursday 5-18-2023, witnessed stability in prices after they were stable the day before yesterday, Tuesday, and a high demand from citizens to buy after the price stabilized in the various governorates.
Wood prices in Egypt today, Sunday 5-14-2023.
A number of wood merchants in Damietta and Alexandria said that the price of a meter of white wood settled at 12,000 pounds, compared to 11,000 pounds last month, an increase of 1,000 pounds per meter, according to the thickness required by citizens and the quality and quantity that consumers buy from wood chips.
Wood prices in Egypt today, Thursday 5-18-2023.
Traders added that the price of a meter of Swedish wood stabilized at 15,000 pounds, compared to 14,000 pounds last week, according to raw materials and thicknesses, with an increase of about 2,000 pounds in the last period, one pound per meter, according to the different thicknesses required by consumers, pointing out that the price of Russian wood with a thickness of 47 milliliters has stabilized. 13 thousand pounds compared to 12 thousand last week.
Wood prices in Egypt today, Thursday 5-18-2023.
Traders pointed out that the prices of plywood have stabilized, bringing the price of the Finnish plywood of Factory “8” to 225 pounds, compared to 215 pounds, and Factory 51’s price has stabilized at 215 pounds, compared to 210 pounds, and the price of the soft plywood is 180 pounds for Factory 12, compared to 170 pounds.
Wood prices in Egypt today, Thursday 5-18-2023.
Traders noted that the price of the 6-millimeter plywood counter stabilized at 430 pounds compared to 420 pounds, an increase of 10 pounds, while the price of the 18-millimeter thickness settled at 1000 pounds for the panels, compared to 900 pounds last month.
Wood prices in Egypt today, Thursday 5-18-2023.
Traders reported that the price of 1.7-millimeter-thick fiber plywood settled at 115 pounds compared to 105 pounds, an increase of 10 pounds. The price of 2.5-mm fiber plywood stabilized at 140 pounds compared to 130, and the price of 18-mm fiber plywood 640 pounds compared to 630.
Wood prices in Egypt today, Thursday 5-18-2023.
It is worth noting that Egypt annually imports 5 billion pounds worth of wood, according to the latest statements of the Wood Chamber of Commerce.
Wood prices in Egypt today, Thursday 5-18-2023.
A number of wood merchants confirmed that the prices of wood and plywood stabilized yesterday, Wednesday, which led to a large demand from manufacturers for the purchase process in the various governorates, pointing out that the ports received large quantities of wood in the past days of all thicknesses and types and were available in the markets in different quantities.
Wood prices in Egypt today, Thursday 5-18-2023.
The merchants added, in exclusive statements to Al-Mal, that the demand for wood is higher than the demand for plywood, as wood specifically occupies the first place for manufacturers, pointing out that the rate of demand for purchase is above average during the past hours after price stability.
Wood prices in Egypt today, Thursday 5-18-2023.
They pointed out that the increase in the price of diesel is a major reason for the rise in prices as a result of the increase in the costs of transporting wood from the ports to merchants in the different governorates. Therefore, the last increase in diesel is added to the manufacturers with a different and varying increase according to the governorate and the distances that cars travel from the ports to reach them.
Wood prices in Egypt today, Thursday 5-18-2023.
They pointed out that the major timber traders in Egypt have stored large quantities of wood during the past days, as the costs of high imports are added to manufacturers and workshop owners.
Wood prices in Egypt today, Thursday 5-18-2023.
The Central Bank of Egypt decided earlier to raise interest rates on treasury bills to 23%, compared to 22.7% during the offering last March, as the bank offered treasury bills worth 40 billion pounds, on behalf of the Ministry of Finance, to finance the general budget deficit, the difference between expenditures and revenues.
Wood prices in Egypt today, Thursday 5-18-2023.
It is worth noting that the wood-supplying companies added $20 to all types of wood at the beginning of this year, which led to a sudden increase.
