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China Wood Products Prices
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16 – 30th September 2017


US Dollar Exchange Rates of  25th September 2017
China Yuan 6.
6201
Report from China
 

 

 Sawn softwood domination in imports
Data from China¡¯s Customs shows there was a
considerable expansion in the value of sawnwood imports
in the first half of 2017. China¡¯s sawnwood imports
totalled 18.12 million cubic metres valued at US$4.75
billion, a year on year increase of 16% in volume and 24%
in value.

The average price for imported sawnwood in the first half
of 2017 was US$262 per cubic metre, up 7% over the
same period of 2016.

Of total sawnwood imports, sawn softwood imports rose
37% to 12.41 million cubic metres, accounting for 68% of
the national total. The average price for imported sawn
softwood in the first half of 2017 was US$192 per cubic
metre, up 12% over the same period of 2016.

On the other hand, sawn hardwood imports fell 13% to
5.71 million cubic metres. The average price for imported
sawn hardwoods in the first half of 2017 was US$414 per
cubic metre, up 20% over the same period of 2016.

Of total sawn hardwood imports, sawnwood from tropical
countries amounted to 3.02 million cubic metres valued at
US$1.127 billion, up 14% both in volume and in value.
Sawn hardwood imports from tropical countries accounted
for 17% of the national total.

The average price for sawnwood imported from tropical
countries was US$373 per cubic metre, a year on year
slight increase of 0.3%.

Surge in sawn softwood imports from Brazil
Russia was the main sawn softwood supplier to China in
the first half of 2017 and imports from Russia surged 31%
to 7.08 million cubic metres, accounting for 57% of total
softwood sawnwood imports.

However, in the first half of this year there was a surge in
sawn softwood imports from Brazil rising to 160,000
cubic metres. There was also a significant increase in the
growth of imports from the US, Austria, Germany and
Finland (+700%, +500%, +100% and + 60% respectively).


Thailand, the main tropical supplier
Of total sawn hardwood imports, sawnwood imports from
tropical coumtries were 3.02 million cubic metres valued
at US$1.127 billion, up 14% both in volume and in value
and accounted for 17% of the national total.

Five tropical countries supplied just over 90% of China¡¯s
¡®tropical¡¯ sawnwood requirements in the first half of 2017
namely, Thailand (72%), Gabon (6%), Philippines (5%),
Indonesia (5%) and Malaysia (5%).


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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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