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China Wood Products Prices

01-15th November 2014


US Dollar Exchange Rates of  10th November 2014
China Yuan 6.
1207

Report from China 


 

 Manufacturing PMI only barely above negative
threshold
China‟s manufacturing PMI, a measure of activity in the
manufacturing sector and a leading indicator of the
economy, fell to a five-month low in October.
Small companies continue to be hardest hit by the slowing
domestic growth. In mid-year the government began a
further round of support aimed at stimulating growth but
the latest figures suggest more stimulus measures may be
forthcoming.
The National Bureau of Statistics survey indicates that the
October manufacturing purchasing managers index (PMI)
was 50.8 percent, 0.3 percentage points lower than a
month earlier. The index remained just above the key 50
level which separates expansion from contraction of
manufacturing output.



Abbreviations

LM        Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS         Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR            French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF         Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot               Price has moved up or down

Source:ITTO'  Tropical Timber Market Report

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