Published on December 16, 2014

All the plywood and Laminate players reported that November was the most awful month ever witnessed in their market record. After Diwali sales target was at very down side and payment recovery was also very tough.  For majority, honoring payment schedules were rare in business relationships.

On account of high difficulty of hunch, all the manufacturers and traders are playing with the quality and processing without paying attention to norms and standard that will prove fatal for all if product itself will not be as per customer desire and trust.

Source said that Indian wood panel industries move beyond Indian boarders for a long term prospective. After the ban of log exports from Myanmar, Indian is learning to invest in production establishments abroad. A number of Indian Plywood Company was given licenses by the Myanmar Investment Commission to build wood-processing factories in the country.

With the fall in the crude oil prices end users are not buying any raw material which is giving negative impact to the chemicals market too. Owing to this demand for melamine, phenol, formaldehyde etc is declining day by day. As they have espoused observing stances to further fall in the prices.

Market analyst said that to avoid the loss and survive in the competitive marketplace major players are working on the quality of the products which will provide the customer satisfaction and good margin possibility in this hammering instance.