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In July several Fordaq members allowed us to take a glance at the current price levels and spans of popular wood assortments that find their way to China via importers. As volatile as all of these trends are, they should, of course, only give a hint and are not to be taken compulsory
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For the Chinese timber import market, the start of 2021 can be described as spectacular. The prices of most wood species have shown a state of skyrocketing. This is quite rare in recent years, especially for prices of imported European spruce and New Zealand radiata pine logs, which have increased to a record high...
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This index contains latest updated prices of logs and lumbers from the two major timber distribution markets in China: Shanghai Furen Timber Market and Guangzhou Yuzhu Timber Market
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This index contains the April 2016 updated prices of logs and lumber from the two major timber distribution markets in China: Shanghai Furen Timber Market and Guangzhou Yuzhu Timber Market
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In the two weeks to the end of October Central and West African FOB prices remain largely unchanged with just one or two minor adjustments reflecting the slow demand in China. While demand from European buyers is, at best, moderate it is sufficient to provide a firm base for the current price levels
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African exporters find their European business has been improving in terms of both volume and price signaling a solid foundation to demand. For the past two or three years EU importers have very carefully managed stock levels of tropical timbers but as the economies in some EU member states improve there has been an increase in timber consumption for infrastructure projects, housing and renovation works which encouraged importers to expand stock levels
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The following price index contains the September updated prices of imported sawn timber from the two major timber distribution markets in China: Shanghai Furen Timber Market and Guangzhou Yuzhu Timber Market...
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Producers report that demand in European markets is firm and prices are stable and that this is assisting them in maintaining price levels in other markets. Demand for okoume logs and sawnwood for the Chinese market is slow and prices have not recovered. FOB prices for okan and sapele are also under pressure as demand slows but for most of the other timbers prices are stable.
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There were no price changes in the second half of August and Central and West African producers report that while overall demand is holding up, what little demand there was from buyers for the Chinese market has now dried–up. In China demand for okoume logs and sawnwood has collapsed and even demand for the „redwood‟ timbers is extremely slow.
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Prices for the majority of West African timbers have been maintained for some time now but there are some signs of weakness in log prices. Trade with Chinese importers is still at a low level and whilst there are now some reassuring moves by the Chinese government to bring stability to the economy the impact of the current fall in demand will take time to trickle down to the timber trade. Currently, Chinese traders are trying to reduce landed stocks of log and sawnwood before
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While West African markets for sawnwood have shown some life, the log market continues to be dull with no sign of any major resurgence in demand from China. What little business can be generated with China revolves around a few select species. There is still no interest from Chinese buyers for okoume logs
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Okume demand and hence prices continue to be very depressed in contrast to prices and demand for sapele and sipo which remain firm. Padauk is also in demand and prices have improved slightly.
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