In the aftermath of that January fire, plywood prices continue to soar. Western plywood mills that produce both sheathing and sanded panels appear to be increasing the sanded production to take advantage of better pricing, but factors such as veneer cost have been a restraining factor. Some thicknesses of sanded plywood have increased for eight straight weeks.
Despite these increases, the plywood prices are still far below the record prices seen in 2004. Many Traders observed that the current price spike is similar to the one in March 2010 following an earth quake in Chili. In that case prices gained for a few weeks, but then slide back down to pre-quake levels.