I do not understand why you fwd prices of US Lumber when you're refering to Malaysia Timber companies. The picture you fwd is rosy for those counters like Taan, WTK, Jaya Tiasa etc....Not only US Lumber Prices has no relevance here, I also defer from your rosy picture of these companies. Sarawak Govt has changed policy ( cant remember how many yrs ago). B4 export of logs is 50% of production. This is more lucrative than selling local. It has since reduce to 20% a major set back. This not the end, local Cess was at the same time increased by 400%. The downstream activities are suffering financially. Sarawak timber has been over harvested and now has great problems with resources to fullfill their eg plywood mills. These cos' can stay afloat bec their Oil Palm Plantation are covering their Timber Operation. The days of export log prices of USD 300+ pcm is long gone, USD250/270 is the new norm.
The Lumber prices refers to US Lumber. The Lumber there are mainly Spruce Pinewood which are plantation logs.In Malaysia (Sabah/Sarawak)the Timber are from Natural Forest.The main spp are Meranti, Kuring & Kapor often refers to South Sea Logs. The main buyers are Japan and India. The prices are nowhere near to USD 1,600.00.The info is totally erroneous.