Malaysia’s trade with China grows 25.1% by value in 2007
01/07/2008 - 18:07
Based on 2007 statistics from China’s Customs Agency, China is one of Malaysia’s top ten trading partners, reported The Daily Express. Ahmed Aziz, a member of the Board of Directors of the Malaysia External Trade Development Corporation (MATRADE), commented that Malaysia’s total trade with China reached USD46.4 billion, a rise of 25.1% from 2006 levels. Malaysia’s exports rose 21.89%, reaching USD28.4 billion last year.
According to Aziz, Malaysia’s exports USD500-600 million worth of timber products to China annually.
Malaysian property development industry grappling with rising costs
The Star reported that the Malaysian property development industry is getting nervous as oil prices continue to soar. Rising prices of building materials, inflationary trends in the cost of living, global economic uncertainties, rigid policies for developers and a softening market are also concerning the industry. Property developers are also facing eroding profit markets, higher construction costs, intense competition and fear that rising inflation is affecting buyers’ sentiment. Many contractors are demanding an upward revision of their contact prices and threatening to walk if their demands are not met. Malaysia Log Prices Malaysia
Log Prices
Sarawak
log, FOB
US$
per m³
Meranti SQ up
296-318 ⇑
Small
274-295 ⇑
Super small
274-272 ⇑
Keruing SQ up
272-282 ⇑
Small
241-273 ⇑
Super small
234-239 ⇑
Kapur SQ up
250-268 ⇑
Selangan Batu SQ up
272-294
Pen. Malaysia
logs, domestic (SQ)
US$ per m³
DR Meranti
356-399 ⇑
Balau
296-326 ⇑
Merbau
416-438 ⇑
Rubberwood
254-273 ⇑
Keruing
286-302
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
432-457
Seraya Scantlings (75x125 KD)
706-746 ⇑
Sepetir Boards
336-346 ⇑
Sesendok 25,50mm
447-477
Kembang Semangkok
428-449
Malaysian
Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
349-369 ⇑
Merbau
559-582
Kempas 50mmx (75,100 & 125mm)
298-315 ⇑
Rubberwood
25x75x660mm up
292-322 ⇑
50-75mm Sq.
313-338
>75mm Sq.
325-357
Malaysia Plywood Prices
Malaysia
ply MR BB/CC, FOB
US$
per m³
2.7mm
482-510
3mm
462-488
9mm & up
423-446
Meranti ply
BB/CC, domestic
US$ per m³
3mm
460-470
12-18mm
403-411
Other
Malaysia Panel Prices
Malaysia,
Other Panels, FOB
US$
per m³
Particleboard Export 12mm & up
242-259 ⇑
Domestic 12mm & up
233-247 ⇑
MDF
Export 15-19mm
306-329
Domestic 12-18mm
281-300
Malaysia
Added Value Product Prices
Malaysia,
Mouldings, FOB
US$
per m³
Selagan Batu Decking
681-699
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
717-737
Grade B
635-653
Malaysia
Furniture and Parts Prices
Malaysia,
Rubberwood, FOB
US$ per piece
Semi-finished dining table solid laminated top
2.5'x4', extension leaf
