South Africa: Domestic mills face prospect of starting New Year with high stocks

Views:0     Author:Site Editor     Publish Time: 2017-12-08      Origin:Site

Analysts report that there is little activity in the building sector and that most of the current work is on finishing existing contracts before the builders holidays which starts on the 16 December.

On the domestic front the pine market is said to be steady but the usual year end activity has not made much of an impact on the high stocks being carried by the mills.

The prospects of starting the New Year with such high stocks will make almost impossible to push ahead with any price increases which are required to off-set rising log prices and the anticipated increases electricity charges.

The property market remains weak. Many building plans have been approved but most people are waiting to see the outcome of the ANC elective conference which is scheduled for mid-December as this could change the political and economic climate in the country.


By www.fordaq.com 

South Africa: Domestic mills face prospect of starting New Year with high stocks
You are here: Home » News » South Africa: Domestic mills face prospect of starting New Year with high stocks
We are p leased to provide our experience in plywood supply,
for your business and HuaBao Provide fruitful cooperation.
Call Us:86 539 5630255  / 86  539 8120663
             0086 -18669900176
Copyright  Linyi huabao import and export co. LTDAll rights reserved.