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The UK Wood Market Reports 
¡¾Jan.31, 2002¡¿


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News From the UK

The New Year has brought strikes on the railways whose improvement is top of the government's agenda along with health and education.

The introduction of the euro in mainland Europe passed off quietly but the initial strength of the euro against the dollar has now evaporated. In the UK high street spending continues to buoy up the economy but manufacturing output fell 5.4% in November, the biggest fall for 10 years.

House completions are forecast to drop to their lowest level since 1924 for the second year in a row, hence continued rises in house prices. As is well known, house building is the engine that drives the timber trade forward. So far according to most agents, timber is not being quoted in euros, but this will come shortly.

In company news, Travis Perkins now has over 500 branches and is on course to capture 20% of the timber market.

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 Stg300-315
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


CopyRight 2002 Global Wood Trade Network. All rights reserved

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