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From Europe,  UK Market News

¡¾Jan. 04, 2002¡¿




For the next three weeks the building industry will be on holiday. With few timber deliveries taking place and with a continuing lack of confidence in the market going forward no-one is very optimistic.

The introduction of the euro is on everyones' mind and how this will affect sales and business in general is yet to be seen.

Prices for wood products remain steady with margins slowly being pushed up as inflation is at its lowest level for nearly forty years but unemployment is beginning to rise.

UK sales of furniture and floor coverings recovered in November, according to the CBI Distributive Trades Survey. A balance of 19% of stores reported annual sales volume growth, this compares with 32% which saw sales fall in October. Growth is higher than a year ago, when a just 10% reported sales growth. In November, 29% of retailers saw sales growth, up from in October.

Interwood Ltd, the UK's oldest woodworking machinery distributor (the company has traded since 1928), ceased trading on October 31 and will go soon into liquidation. Several independent distributors have been lost in the UK. Trends are changing and global manufacturers are setting up their own regional sales offices.

West African Log Prices in UK

West African Log Prices in UK
FOB
plus commission per Cu.m
Sapele 80cm+LM-C FFR 1500-1650
Iroko 80cm+LM-C FFR 1900-1950
N'Gollon 70cm+ LM-C FFR 1250-1400
Ayous 80cm+LM-C FFR 1100-1200


UK Sawnwood Prices

FOB plus Commission per Cu.m
Teak 1st Quality 1"x8"x8' Stg2250-2600
Tulipwood FAS 25mm Stg310
Cedro FAS 25mm Stg430

DR Meranti Sel/Btr 25mm Stg250-280
Keruing Std/Btr 25mm Stg218

Sapele FAS 25mm Stg300-31
Iroko FAS 25mm Stg330
Khaya FAS 25mm Stg260-330
Utile FAS 25mm Stg370-418
Wawa No1. C&S 25mm Stg155


Plywood and MDF in the UK

CIF per Cu.m
Brazilian WBP BB/CC 6mm US$390
" Mahogany 6mm US$1250
Indonesian WBP 6mm US$350-400

Eire, MDF BS1142 per 10 Sq.m
CIF
12mm Stg32.00


For more information on the trends in the UK market please see www.worldwidewood.com


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