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China Wood Products Prices

01 – 15th August 2017

US Dollar Exchange Rates of  10th August 2017
China Yuan 6.6647

Report from China


 Wood products factories included in list of polluters
The 2017 list of polluting industries in Beijing has been
jointly released by the Beijing Municipal Commission of
Economy and Information Technology and the
Environment Protection Bureau.

Those targeted include wood-based panel and furniture
companies. Compared to the 2014 list 17 new categories
have been included. The wood products sector was
included because organic solvent adhesives and diluents
have been added to the directory of pollutants.

In the first half of this year 495 manufacturing enterprises
have been moved out of Beijing. The industries involved
included furniture and wood product processing plants and
these have been ordered to cease operation in Beijing.

Drying kilns down as power company to begins

The Manzhouli Power Company has announced power
supply will be suspended between 20 August and 1
September 2017 due to maintenance. Local analysts
report that this is bound to have an impact on the stocks at
Manzhouli Port and could have a short term impact on the
price of timber.

Red sandalwood through Ningbo Port
According to Ningbo Entry-Exit Inspection and
Quarantine Bureau, 12.5 tonnes of red sandalwood logs
were imported through Ningbo port recently. The average
price was US$46,000 per tonne, breaking the record for
the highest priced timber through the port.

According to the CITES Convention trade in red
sandalwood is not permitted however, this batch of red
sandalwood originated from the recent CITES approved
auction in India.

Shenzhen redwood benefit from The Belt and Road
According to Shenzhen Redwood Culture and Art
Association the development of Shenzhen redwood
products will benefit from the ¡®Belt and Road¡¯ strategy of
the government.

There are more than 300 redwood furniture manufacturers
concentrated in Guanlan Town, Baoan District, Shenzhen
City. These enterprises employ around 40,000 works and
have an annual output value of more than RMB3 billion.

At present, more than 80% of the national precious
redwood logs are purchased in Shenzhen and mainly in
Guanlan Town. There are nearly 500 redwood log traders
in the town and redwood furniture products were worth
RMB3.6 billion last year.

Six of the top domestic redwood furniture brands are made
in Guanlan Town. Redwood enterprises in Guanlan Town
have more than 2000 patents and have won more than 100
national awards.

The Chinese government has launched the development
strategy named ¡®Belt and Road¡¯ which will benefit
importers and traders in redwood.

Shenzhen enterprises import redwood logs mainly from
Southeast Asian countries such as Myanmar, Vietnam,
Cambodia and Indonesia. Logs and sawnwood are also
sourced in Africa, with smaller volumes from Latin

Shenzhen redwood furniture is exported mainly to the US,
Italy and Australia. All the source countries are included
in the¡¯ Belt and Road¡¯ plan.

The authorities in Shenzhen have been promoting the
development of redwood industry through sculpture
competitions, exhibitions and workshops.

Linyi City panel mills told to close
It has been reported that most wood-based panel
enterprises in Linyi City, Shandong Province have been
told to cease operation as they do not meet environmental
protection and safety regulations.

The authorities will stop water and power supplies to the
mills and for those mills that cannot upgrade to meet the
new standards the machinery in the factories will be

Teams from the Environmental Protection Bureau
conducted surveys in Linyi City for one month to identify
non-compliant factories. The impact on plywood prices in
the local market was immediate.

All wood-based panel markets in China have been affected
by investigations conducted by the Environmental
Protection Bureau and there has been a steep decline in
panel output from mills in Hebei and Shandong Provinces.

However, Guangdong wood-based panel manufacturing
enterprises have not been affected because they have a
strong awareness of environmental issues and have been
able to satisfy the new requirements. In the first half of
2017 the volume of laminate decoration panel of one
company rose more than 40% from the same period of last

According to the latest statistics, in the first half of 2017
the output value of wood-based panel in Guangdong
province rose 1.45% to RMB21.43 billion from the same
period of last year.



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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