| Malaysia: Optimism returns |
| 25/11/2009 - 19:35 |
The year end monsoon season failed to lift prices of timber
products higher as usually happens and this was because
millers are holding above normal stocks of sawnwood and
panel-products. However, timber traders are growing more
optimistic as the year comes to an end with positive
economic and business news emerging on the US, EU and
Japanese economies.
Former US Federal Reserve Chairman Alan Greenspan
mentioned recently that a rebound in US stocks is “reliquefying”
the US economy and there are indications that
the decline in the house prices has bottomed out.)
MIFF 2010
Malaysian furniture manufacturers are optimistic that the
US economy has bottomed out and are expecting that US
buyers will be in the market soon. Manufacturers expect
the first signs of a turn-around to be in orders generated by 2010 to be held from March 2 - 6, 2010.
MIFF 2010 will be held at three locations, the Putra World
Trade Centre, the Kuala Lumpur Convention Centre and
the MATRADE Exhibition and Convention Centre. A
separate event entitled ID Trend will be held by the
organizers of MIFF 2010 for local. The organizers are
targeting more than 20,000 visitors this year.
Japan’s growth good for panels
The current-account surplus of Japan, the world’s second
largest economy grew wider in September as worldwide
government stimulus spending helped to mitigate declines
in exports.
This has given Malaysian panel products manufacturers a
measure of optimism that the construction industry in
Japan will begin to pick by early spring 2010. However,
the panel products industry is wary that the price increase
of crude oil towards US$80 per barrel may unhinge
business sentiment. China has already increased fuel
prices in the wake of the increase.
The price increase of crude oil will also affect prices of
palm oil, which analysts suggest could rise above RM2,
600 per tonne by April next year if palm oil stocks remain
tight and the crude oil price remains above US$75 per
barrel. This would cause the prices of oil palm fibres, a
source of raw material for many panel-products, to
increase.
China’s property market
House prices in China are rising and the latest monthly
increase of around 4% is the biggest gain in the last 14
months.
This price increase underlines the recovery in the Chinese
property market and the Chinese construction industry.
This is good news for exporters and the Malaysian timber
industry is preparing for a wave of buying of raw materials
by China. This would be important as purchases by
Middle-Eastern buyers begin to slow.
Malaysia Log Prices
Malaysia
Log Prices
| Sarawak
log,
FOB |
US$
per m³ |
| Meranti SQ up |
226-250 |
|
Small
|
210-241 |
|
Super small
|
200-224 |
| Keruing SQ up |
216-228 |
|
Small
|
191-220 ⇑ |
|
Super small
|
168-198 ⇑ |
| Kapur SQ up |
206-231 |
| Selangan Batu SQ up |
180-217 ⇑ |
|
| Pen. Malaysia
logs, domestic (SQ) |
US$ per m³ |
| DR Meranti |
231-250 |
| Balau |
297-326 |
| Merbau |
323-355
|
| Rubberwood |
51-85 ⇑ |
| Keruing |
214-230 |
| Peninsular
Malaysian
meranti logs are top grade and are used for scantlings for
the EU. Their prices are higher than Sarawaks. |
Malaysia
Sawnwood Prices
| Malaysia
Sawnwood,
FOB
|
US$
per
m³ |
| White Meranti A & up |
280-310
|
| Seraya Scantlings (75x125 KD) |
433-446
|
| Sepetir Boards |
249-271
|
| Sesendok 25,50mm |
345-363
|
| Kembang Semangkok |
293-316
|
|
| Malaysian
Sawnwood,
domestic |
US$ per m³
|
| Balau (25&50mm,100mm+) |
325-345
|
| Merbau |
452-504
|
| Kempas 50mmx (75,100 & 125mm) |
260-300
|
| Rubberwood |
25x75x660mm up |
200-250 ⇑
|
| 50-75mm Sq. |
241-273 ⇑
|
| >75mm Sq. |
263-292 ⇑
|
Malaysia Plywood Prices
| Malaysia
ply
MR BB/CC, FOB |
US$
per m³ |
| 2.7mm |
405-467
|
| 3mm |
385-415
|
| 9mm & up |
331-403
|
| Meranti ply
BB/CC, domestic |
US$ per m³ |
|
3mm
|
380-421
|
|
12-18mm
|
314-343
|
Other
Malaysia Panel Prices
| Malaysia,
Other
Panels, FOB |
US$
per m³ |
| Particleboard Export 12mm & up |
226-249
|
|
Domestic 12mm & up
|
211-228
|
| MDF
Export
15-19mm |
279-310
|
|
Domestic 12-18mm
|
270-288
|
Malaysia
Added Value Product Prices
| Malaysia,
Mouldings,
FOB |
US$
per m³ |
| Selagan Batu Decking |
528-538
|
| Red Meranti Mouldings 11x68/92mm x 7ft up |
|
Grade A
|
543-556
|
|
Grade B
|
496-505
|
Malaysia
Furniture and Parts Prices
| Malaysia,
Rubberwood, FOB |
US$ per piece |
| Semi-finished dining table solid laminated top
2.5'x4', extension leaf |
60-76
|
| As above, Oak Veneer |
67-81
|
| Windsor Chair |
59-61
|
| Colonial Chair |
57-62
|
| Queen Anne Chair (soft seat) |
without arm |
57-65
|
| with arm |
57-66
|
| Chair Seat 27x430x500mm |
45-50
|
| Rubberwood
Tabletop |
US$ per m³ |
| 22x760x1220mm sanded & edge
profiled |
|
Top Grade
|
557-590 |
|
Standard
|
541-560 |
|
| (ITTO's Tropical Timber Market Report) |
 |
 Trimite acest articol unui prieten |
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| Alte titluri |
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