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China Wood Products Prices

01 – 15th July 2020


US Dollar Exchange Rates of  10th  July 2020
China Yuan 7.0018

Report from China 

Intelligent manufacturing adds vitality to furniture industry
China's first Furniture Intelligent Manufacturing
Innovation Center has been set up in Longhui Town,
Nankang and it aims to become a national base for
intelligent manufacturing. The facility applies 5G,
blockchain, robotics and augmented reality to production
processes for rubberwood furniture.
The application of robotic production and intelligent
manufacturing furniture has lowered production costs for
some items by as much as 60%.

See:
https://news.dayoo.com/china/202006/30/139997_53412360.htm
and
https://www.sohu.com/a/397131621_120592909


Container freight costs rise
The early July Drewry composite World Container Index
fell slightly after reaching a 5-year high of US$2,023 per
40ft container. This, say analysts, reflected that container
ship capacity is still an issue.

The ocean shipping prices Shanghai to Los Angeles and
Shanghai to New York recently jumped around 20% to
US$2,650 and US$3,207 respectively per 40-foot
container.

Prices, however, eased into the second half of July but
still the average ocean freight price Shanghai to Los
Angeles in July this year was almost twice that at the same
time last year. If freight rates remain high this will impact
the timber trade.

Chengen Plywood secure relief from tariffs
Plywood is a major export product for Linyi, Shandong
Province accounting for around 40% of export earnings.

The US Department of Commerce conducted antidumping
and countervailing subsidies investigation into
Chinese hardwood plywood produced by Linyi Chengen
Import and Export Co., a member of Linyi Wood Industry
Association.

In the final determination of anti-dumping the US applied
a high tax rate. Linyi Chengen filed an appeal with the
United States International Trade Court in January 2018
and secured a reversal as in June this year the US 
Department of Commerce made a final determination for
Linyi Chengen of a zero tariff rate. The level of some
other taxes was also reduced.

Export of biopolymer modified rubberwood
Baoxiang Forest Products Group under the Hainan Natural
Rubber Industry Group has negotiated with Japanese
customers for a shipment of biopolymer modified
rubberwood for outdoor construction.
See: http://money.hinews.cn/view11.php?xuh=207059


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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