China Plywood Prices Remain Stable in July 2026 Amid Balanced Supply and Cautious Demand

China’s Plywood market remained stable in July 2026 as balanced supply, cautious downstream procurement, and steady construction and furniture demand prevented significant price movement. Plywood producers maintained relatively steady operating rates, while available inventories were sufficient to meet immediate requirements and limited the scope for further price increases. Domestic construction, renovation, and furniture manufacturing continued to provide a stable demand base, although purchasing remained selective amid cautious market sentiment. Export enquiries also offered support, but weaker global manufacturing conditions and uncertain external demand restricted stronger buying momentum. China’s broader wood-related markets faced a mixed July environment, with inventories and subdued downstream demand limiting price gains in wood pulp, highlighting the cautious procurement environment across wood-based industries. For Plywood, stable raw-material availability and manageable logistics helped producers maintain offers without significant adjustments. Looking ahead, Plywood prices are expected to remain broadly stable to slightly bearish as adequate supply offsets seasonal construction support, while feedstock and freight-cost volatility remain key upside risks.