Yes this indicator lags actual data by about 45 days. But you also have concalls every 2 months (Time difference between Rushil concall and next Qtr Greenpanel concall) to track forward looking commentary.
Besides one can try to track freight indices on Statista (• Global container shipping rates 2022 | Statista) or look for port-to-port freight charges from MDF exporting countries (Malaysia, Vietnam, Thailand) to the Eastern ports (CCU, CHN, VZG) - Freight Rate Calculator | 20 / 40 Ft Sea Container Shipping Cost
I don’t think the MDF market is as efficient as the steel market in terms of shifting demand and supply across geographies so price adjustments won’t be as fast as steel in my opinion.
Anyway, I think its almost impossible to get out at the top unless you’re an insider, all we can do is track publicly available data as closely as possible. For those following technical analysis, price action with volumes can serve as a leading indicator too.
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