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China Wood Products Prices

01 C 31th August 2016


US Dollar Exchange Rates of  25th  August 2016
China Yuan 6.6543

Report from China
 

 

 Huge rise in investment in commercial buildings
According to the National Bureau of Statistics in the first
seven months of 2016 investment in real estate
development was up by 5.3% year-on-year representing a
slight decline on the first six month performance.
Investment in residential building grew 4.5% and sales of
commercial buildings grew by almost 40%. However in
the first seven months land purchases by real estate
development companies fell almost 8%.


See:
http://www.stats.gov.cn/english/PressRelease/201608/t20160812
_1387836.html


First half 2016 import update
Chinas log imports totalled 23.91 million cubic metres
valued at US$3.97 billion in the first half of 2016, up 3%
in volume and down 10% in value over the same period of
2015. The average landed price for imported logs was
US$166 per cubic metre, a year on year fall of 13%.


Of the total, softwood log imports amounted to 16.12
million cubic metres, or 67% of all log imports, a year on
year increase of 4%. Softwood log imports were mainly
from the top 10 countries, namely New Zealand (5.61
million cu.m, down 3%), Russia (4.78 million cu.m, up
6%), the US (1.81 million cu.m, up 12%), Australia (1.56
million cu.m, up 37%), Canada (1.19 million cu.m, down
4%), Ukraine (0.52 million cu.m, up 3%), Japan (0.24
million cu.m, up 35%), France (0.08 million cu.m, up
25%), Belarus(0.08 million cu.m, up 25%), DPRK(0.08
million cu.m, up 25%).


Softwood log imports of these above-mentioned countries
make up 99% of all softwood log imports. Softwood log
imports from the top 5 countries account for 97% of all log
imports.


The average price for softwood log imports was about
US$120 per cubic metre in the first half of 2016, a year on
year decline of 7%.

Hardwood log imports totalled 7.79 million cubic metres,
or 30% of all log imports, a year on year increase of 26%
in volume. Hardwood log imports were mainly from PNG
(1.77 million cu.m, up 20%), Russia (1.14 million cu.m,
up 26%), Solomon Isalnds (1.09 million cu.m, down -7%),
Equatorial Guinea (0.54 million cu.m, up 85%), the US
(0.34 million cu.m, up 7%), Germany (0.27 million cu.m,
up 37%), Mozambique (0.26 million cu.m, down -12%),
the Republic of Congo (0.25 million cu.m, up 5%), France
(0.25 million cu.m, down -19%) and Cameroon (0.24
million cu.m, down -21%).

Tropical log imports rose 8% to about 4.77 million cubic
metres, accounting for 20% of all log imports and 61% of
all hardwood log imports.

The average prices for imported softwood logs, hardwood
logs and tropical logs were US$112, US$262 and US$395
per cubic metre respectively, down -7%, -16% and -11%.
However, the prices for softwood log imports from the
Democratic Peoples Republic of Korea and tropical log
imports from Liberia rose 5% and 33% respectively.


Sawnwood imports in the first half of 2016
Chinas sawnwood imports totalled 15.61 million cubic
metres valued at US$3.82 billion in the first half of 2016,
down 2% and 17% respectively over the same period of
2015. The average landed price for imported sawnwood
was US$245 per cubic metre, a year on year drop of 17%.


Of the total, sawn softwood imports amounted to 9.02
million cubic metres, or 58 % of all sawnwood imports, a
year on year increase of 24%. Sawn softwood imports
were mainly from the top 10 countries, namely Russia
(5.40 million cu.m, up 51%), Canada (2.09 million cu.m,
down 14%), Finland (0.49 million cu.m, up 80%), Chile
(0.34 million cu.m, down 1%), Sweden (0.32 million
cu.m, up 33%), New Zealand (0.17 million cu.m, up 14%),
Germany (0.06 million cu.m, down 50%), the US (0.03
million cu.m, down 6%), Australia (0.02 million cu.m, up
66%) and Latvia (0.01 million cu.m, down 45%). Sawn
softwood imports of these above-mentioned countries
make up 99% of all sawn softwood imports, just sawn
softwood imports from Russia and Canada make up 83%.


Sawn hardwood imports totaled 6.05 million cubic metres,
or 42% of all sawnwood imports, a year on year increase
of 11%. Sawn hardwood imports were mainly from the top
10 countries, namely Thailand (1.89 million cu.m, up
31%), the US (1.29 million cu.m, down 7%), Russia (1.17
million cu.m, up 17%), Canada (0.72 million cu.m, up
24%), Vietnam (0.16 million cu.m, up 42%), Gabon (0.14
million cu.m, down 16%), Indonesia (0.131 million cu.m,
up 9%), Philippine (0.130 million cu.m, down 16%),
Malaysia (0.113 million cu.m, down 15%) and Brazil
(0.25 million cu.m, up 90%).


Sawn hardwood imports of these above-mentioned
countries make up 89% of all sawn hardwood imports, just
sawn hardwood imports from Thailand, the US, Russia
and Canada make up 77%.


Tropical sawnwood imports rose 8 % to about 4.77 million
cubic metres, accounting for 17% of all sawnwood imports
and 40% of all sawn hardwood imports.

The average prices for imported sawn softwood, sawn
hardwood and tropical sawnwood were US$171, US$346
and US$371 per cubic metre, down -18%, -13% and -17%
respectively. However, the prices for sawn hardwood
imports from Indonesia rose 6%.


Myanmar no longer a main timber supplier
In the first half of 2016, Chinas log imports from
Myanmar were 9,700 cubic metre valued at US$13.96
million, plummeting 97% in volume and 87% in value.
Myanmar ranked 42nd among the various sources for
Chinas hardwood log imports.


Chinas sawnwood imports from Myanmar were 6600
cubic metre valued at US$3.09 million, plummeting 85%
in volume and 89% in value. Myanmar ranked 37th among
suppliers of Chinas sawn hardwood imports.

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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