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International
Log Prices Sarawak
Log
Prices FOB
per Cu.m Meranti
SQ up US$190-195
small
US$160-165
super small
US$130-135 Keruing
SQ up US$170-175
small
US$140-145
super small
US$110-115 Kapur
SQ up
US$145-150 Selangan
Batu SQ up
US$145-150 Francophone
West African Log Prices No
price changes for export logs have been signed during the month.
Buyers for China are still holding off from major purchases on the
grounds they have high stocks of peeler logs as well as some of the higher
density flooring timbers. In
view of the slow purchases especially of okoume earlier in the year, many
producers and exporters doubt that there is any significant overstocking
in China and feel that buyers are restricting purchases in the hope of
persuading exporters to lower prices.
As production volumes are normal to low there is no pressing reason
for price reductions at this time and producers are firm on current price
levels and are likely to continue to resist any downwards movement over
the coming months. Log
demand in Europe is reported as rather slow and unlikely to improve over
the winter months. The European industry changeover, from log imports and
domestic processing to imports of sawn and semi-processed lumber, is
accelerating. As the US
dollar weakens this is favouring S. American sawnwood exporters to Europe
especially for the harder and heavier species against the more usual West
African azobe and okan. FOB
LM B
BC/C Euro per Cu.m Afromosia/Assamela
381
350 - Acajou/N'Gollon
206 191
- Ayous/Obeche
206 190
160 Azobe
137 122
114 Bibolo/Dibtou
144 107
- Movingui
190 175
145 Fromager/Ceiba
114 114
- Iroko
351 320
241 Limba/Frake
137 114
99 Moabi
244 221
206 Padouk
206 206
- Sapelli
229 213
190 Sipo/Utile
274 259
- Tali
144 129
91 Doussie
457 335
274 Gabon
Okoume Grade
per Cu.m CI
US$150 CE
US$122 CS
US$95 QS
US$176 Okoume
for China 40%
CI, 40% CE, 20% CS
US$200 (Free alongside) Myanmar Teak
Logs Veneer
Quality
FOB per Hoppus Ton
Sept
Oct 2nd
Quality
Euro 4039
Euro 4069
3 tons 4 tons 3rd
Quality
Euro 3785
Euro 3887
4 tons
10 tons 4th
Quality
Euro 3308
Euro 3286
51 tons 83 tons Teak
Logs Sawing
Quality
per Hoppus Ton Grade
1 Av. Euro 1952
Euro 1915
252 tons 295 tons Grade
2 Av. Euro 1492
Euro 1476
195 tons 366 tons Grade
3 Av. Euro 770
Euro 775
395 tons 475 tons Grade
4 Av. Euro 1040
Euro 935
513 tons 477 tons Assorted
Av. Euro 708
Euro 691
2050 tons tons 2253 Domestic
Euro 546
Euro 533
492 tons tons 877 ASEAN
Integration ASEAN
leaders have announced an agreement to accelerate the integration of some
priority sectors, including the wood products sector, as part of the
process to fast track the integration towards an ASEAN Economic Community
(AEC) which ASEAN leaders want to see establish by 2020. The AEC is
envisaged as a single market and production base allowing the free flow of
goods, services, investment, skilled labor and a freer flow of capital.
The
11 priority sectors are electronics, e-ASEAN, healthcare, wood-based
products, automotives, rubber-based products, textiles and apparels,
agro-based products, fisheries, air travel and tourism. These sectors were
selected on the basis of comparative advantage in natural resource
endowments, labour skills and cost competitiveness, and value-added
contribution to ASEAN's economy. These
selected sectors accounted for more than 50% of intra-ASEAN trade in 2003.
In value terms, the priority sectors contributed US$48.4 billion and
US$43.4 billion of intra-ASEAN exports and imports, respectively, in 2003.
For more see http://www.aseansec.org/16621.htm Domestic
Log Prices Brazil Logs
at mill yard
per Cu.m Mahogany
Ist Grade No
Sales Ipe
US$78 Jatoba
US$48 Guaruba
US$34 Mescla(white
virola) US$41
The
federal government plans to create two major reserves in Riozinho do Anfr¨ªsio
and Verde Para Sempre, in northern Brazil are progressing. The plan, if
implemented, will add up to 2 million hectares of forest reserves in a
region where timber production is already quite intensive. The
timber sector is pressing for measures from the federal government to open
further production forest areas as the planned reserves will mean
reduction of the area for harvesting. Even
before the announcement of the presidential decree establishing the two
conservation units, the timber sector had discussed the creation of state
and national forests oriented to sustainable timber production by means of
forest concessions. Unofficially the indications were that 3 areas would
be created, totaling 500,000 hectares. Indonesia Domestic
log prices per
Cu.m Plywood
logs Face
Logs
US$90-100 Core
logs US$60-75 Sawlogs(Meranti)
US$105-115 Falkata
logs
US$90-95 Rubberwood
US$85-95 Pine
US$95-100 Mahoni
US$500-515 Peninsula
Malaysia Logs Domestic
(SQ ex-log yard) per Cu.m DR
Meranti US$210-220 Balau
US$175-180 Merbau
US$215-225 Rubberwood
US$85-90 Keruing
US$175-185 Ghana per
Cu.m Wawa
US$36-44 Odum
US$77-175 Ceiba
US$3--53 Chenchen
US$33-88 Mahogany
(Veneer
Qual.) US$40-91 Sapele
US$55-154 Makore
(Veneer
Qual.) US$54-154 International
Sawnwood Francophone
West Africa Very
few price changes have been reported. Azobe prices are still weak with a
further fall of euro 30 per cubic metre for sea defence and waterway
sizes. Stocks in Netherlands
of 6 x 6 squares of the competing Angelim Vermeilho are said to be
particularly high and, as production of azobe in Gabon has improved
recently, there is additional downwards pressure on prices in this sector. Iroko
sawnwood prices have increased again with FAS GMS moving up euro 30 per
cubic metre to euro 458 per cubic metre fob and the indications are that
prices are set to move higher due to the problems in Cote d' Ivoire which
has removed a significant volume of Iroko from the market. Izombe
FAS in fixed sizes also moved up euro 5 per cubic metre on improved
demand. On the other hand sapele prices are unchanged as there is still
relatively high log production in Congo Brazzaville and the Central
African Republic. Overall, reports are that markets are only moderate to
slow, production is at normal levels and producers not in the mood to
concede lower prices, citing ever increasing costs and higher taxes.
FOB
per Cu.m Okoume
Euro FAS
GMS
275 Standard
and Better 260 FAS
Fixed Sizes
290 Sipo FAS
Standard Sizes
488 FAS
Fixed Sizes
519 Sapelli
FAS
scantlings
487 Dibtou
FAS
Standard Sizes
381 FAS
Fixed Sizes
412 Iroko FAS
GMS
458 Scantlings
519 Strips
304 Khaya FAS
GMS
366 Brazil In
the first ten months of 2004, exports of pine sawnwood totalled US$245.4
million, 16% higher than the same period of 2003. Tropical sawnwood
exports were US$429.6 million in the January-October and this is an
increase of 37% compared to the same period last year. FOB
Belem/Paranagua Ports Export
Sawnwood per Cu.m Jatoba
Green (dressed)
US$510 Cambara
KD
US$410 Asian
Market(green)
Guaruba
US$240
Angelim pedra US$270
Mandioqueira
US$190 Pine
(AD)
US$130 Aracruz
Celulose has announced the signing of a contract with Weyerhaeuser group,
through which the former sold to the North-American company its 66% share
in Aracruz Produtos de Madeira S.A. (APM). The company said that the
commercial strategy of APM in the domestic market will not change but
export sales will be Weyerhaeuser's responsibility. The
industrial plant of APM is located in the south part of the State of Bahia
(northeast region of Brazil). The company's facilities have an annual
production capacity of 44,000 cubic metres of eucalyptus lumber. Malaysia Sawn
Timber Export(FOB)
per Cu.m White
Meranti A & Up US$325-330 Seraya Scantlings
(75x125 KD) US$645-655 Sepetir
Boards
US$185-195 K.Sesendok
25,50mm
US$350-360 Ghana The
Ghana Export Promotion Council (GEPC) has honoured the timber company
Samartex Timber and Plywood Ltd. Samartex
Ltd. won the Exporter of the Year Award for exporting plywood worth about
US$10.1 million. Samartex
Timber and Plywood Ltd., is one of the leading timber exporters in Ghana
and produces air Kiln dried
Lumber, Sliced Veneer, Curls Veneer and Plywood.
For the period Jan-Sep2004, the company was the leading exporter. FOB
Euro per Cu.m Afromosia
855 Asanfina
480 Ceiba
180 Dahoma
310 Edinam
370 Khaya
520 Makore
450 Odum
610 Sapele
480 Wawa
1C&Sel
245 The
World Bank has reportedly granted Ghana US$2.5 million to provide loans to
promote the establishment of sustainable enterprises within forest
reserves in order to improve living standards of the people there. This
news was given by the Eastern Regional Field Liaison Officer on
Biodiversity of the Forest Services Division (FSD), Mr. Asiedu Okrah,
during the inauguration of seven Community Forest Committees (CFC) and
Community Biodiversity Advisory Groups (CBAGS) at Atimpoku in the
Asuogyaman District. The
various communities were asked to form business groups to be able to
access loans to be given to groups to expand or undertake money making
ventures that would help in the maintenance and protection of the forest
reserves. The aim is to reduce the level of forest degradation by offering alternative sources of income to the people living in the forest. Peru For
US Market
per Cu.m Mahogany
1C&B, KD 16% Central
American market
US$1220-1250 Mahogany
1C&B, KD 16% US
market US$1300-1380 Spanish
Cedar No.1 C&B, KD
16%, Central
Am. Market US$615-630 Walnut
1" Thickness, 6'
- 11' length
US$660-700 Spanish
cedar # 1 C&B, KD
16% Mexican
market US$630-650 Pumaquiro
25-50mm AD Mexican
market US$460-490 Virola
1" to 2" Length
6' - 8' KD
US$270-290 Lagarto
2" Thickness, 6'
- 8' length US$345-365 Ishpingo
2" Thickness
6' - 8' length
US$365-385
Domestic
Sawnwood Prices Brazil Domestic
prices in Real were stable during November but the significant
strengthening of the Real against the dollar (plus 4.5%) meant that
domestic prices are up in dollar terms. The pace of production pace in the
Brazilian solid wood industry is still high and export markets are the
main target and are growing. On the other hand domestic demand has slowed. Sawnwood
(Green ex-mill) Northern
Mills
per Cu.m Mahogany
No sales Ipe
US$329 Jatoba
US$237 Southern
Mills Eucalyptus
AD
US$115 Pine
(KD) First Grade
US$147 In
October, the IPCA (Brazilian official inflation index) registered 0.44%,
the first increase since July 2004 and the Monetary Policy Committee (COPOM)
confirmed the financial market expectations and raised the prime interest
rate to 17.25% per year in November.
The rate is up on that of 16.75% in October which was the highest
since November 2003. Despite
the complaints of manufacturers the Central Bank of Brazil is keeping to
its target of 5.1% inflation for 2005. Rumors
in the market about possible shortages of oil during winter in the
northern hemisphere kept oil prices up and is impacting manufacturing
costs. Financial analysts are projecting a 0.25% increase in the prime
interest in Brazil for December. The
Brazilian Real closed at 2.85 against the US Dollar at the end of October,
a 1.4% strengthening compared to the rate in September. The devaluation of
the US Dollar against other currencies and the high US public deficit were
the main concerns of economists and government officials in the last days
of November. Everyone now expects the real to close the month of November
at around 2.80 to the dollar. Indonesia Sawn timber, ex-mill Domestic construction material Kampar
per Cu.m AD
3x12-15x400cm
US$200-210 KD
US$280-290 AD
3x20x400cm
US$305-315 KD
US$320-330 Keruing AD
3x12-15cmx400
US$225-230 AD
2x20cmx400
US$220-225 AD
3x30cmx400
US$230-235 Malaysia Sawnwood
per Cu.m Balau(25&50mm,100mm+)
US$235-245 Kempas50mm
by (75,100&125mm) US$185-195 Rubberwood 25x75x660mm
up US$235-240 50-75mm
Sq.
US$245-250 >75mm
sq.
US$255-265 ¡¡ Ghana Sawnwood
per Cu.m Wawa
25x300x4.2m US$73 Emeri
25x300x4.2m US$70 Ceiba
25x300x4.2m US$53 Dahoma
50x150x4.2m US$138 Redwood
50x75x4.2m US$122 Ofram
25x225x4.2m
US$136 Peru
per Cu.m Mahogany
US$1512-1522 Virola
US$186-200 Spanish
Cedar US$630-640 Catahua
US$177-183 Tornillo
US$357-365
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Source: ITTO
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