Feb

8

Plywood, by Alan Millhone

February 8, 2010 |

Some years ago a new bridge was built across the Ohio River where I live in Southern Ohio. The river is close to my home and so was the new span. I can still remember the barge loads of plywood that the Melbourne Brothers who built the bridge had shipped in for the floor forming of the bridge before the concrete deck was poured. That was thousands of 4X8 sheets of 3/4" plywood (oil form) type for the form work. If you have faith in our current administration and believe the stimulus money will be spent on highways, bridges, etc., then you realize that there will be demand for hundred of thousands of sheets of plywood. Also word is China is buying massive amounts of plywood. I may not be able to make a profit on plywood, but someone out there will. I don't trade the market, but the way it is falling I would certainly be looking for something else to also trade in my daily routine.


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