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China Wood Products Prices

16 – 31th October  2019

US Dollar Exchange Rates of  25th October 2019
China Yuan 7.0658

Report from China


  Global wood products network to encourage green
supply chains

Forest enterprises, timber associations, governments and
intergovernmental organizations agreed during the recent
forum ¡°Together Towards Global Green Supply Chains ¨C
A Forest Products Industry Initiative¡± held in Shanghai
22-23 October 2019 to create a voluntary network among
forest managers, producers, traders, the processing
industry and consumers to add value to forests through the
recognition of their economic, social and environmental
values and the incorporation of legality and sustainability
in all forestry operations.

The Global Green Supply Chain (GGSC) Network a
Chinese private sector initiative, which will be maintained
by a coalition of forest companies and other woodindustry
stakeholders committed to legal and sustainable
supply chains, pledged to help build ¡°a collaborative
network of global green supply chain to promote the
sustainable development of forest industries and contribute
to the conservation and sustainable use of global forest

The Network is open to all interested parties worldwide,
including stakeholders in producer countries, companies
along the supply chain and consumer groups.

For more see:

Value of China¡¯s forest industry output set to rise
According to the State Forestry and Grassland
Administration (SFGA) the output of high-quality forest
products will increase significantly, the trade in forest
products will expand and the total value of forestry
industry output in China will increase by more than 50%.
Output of the main commercial forest products in 2025 has
been forecast to be 250 million tonnes worth US$240

The total value of China¡¯s forestry sector output in 2018
was RMB7.33 trillion and the value of China¡¯s forest
products trade reached US$160 billion. The forestry sector
in China is making a significant contribution to the
national economy.

Industry to face soaring logistics costs
The recent devastating collapse of the Wuxi overpass in
Jiangsu Province has highlighted the problem of
overloaded vehicles thought to be the main cause of the
collapse. The authorities have begun a campaign to crack
down on overloaded vehicles and trains.

Road and rail transportation is a critical cost centre for the
timber industry and until now there has been little
enforcement of transport regulations which has
encouraged transport companies to exceed load limits in
order to boost income.

Analysts point out that road transportation cost in Jiangsu
Province have been rising fast and that many industries
have come to rely on rail freight car transportation and
will now face soaring logistics cost if load limits are

Regional furniture manufacturing centres
China¡¯s main furniture manufacturing centres are
distributed across four provinces, namely Guangdong,
Zhejiang, Jiangxi and Liaoning Provinces.

The China Redwood furniture manufacturing base, the
capital of China furniture materials, the first town of China
furniture export and the famous town of China Classical
furniture are in Guangdong Province.

The hometown of the China chair industry and China
European style classical furniture manufacturing base are
in Zhejiang Province.

The China metal furniture industry base is in Jiangxi
Province and China wood furniture manufacturing base is
in Liaoning Province.

Increased subsidies for timber enterprises
The Guangxi government has formulated a package of
support to promote stable growth of ten major industries
including iron and steel, nonferrous metal, cement,
petrochemical, cinnamon wine, grain and oil processing,
thermal power, wood processing, electronic information
and repair and shipbuilding.

The financial support includes RMB200,000 to support
enterprises as they increase their output value;
RMB200,000 to support new projects and RMB100,000 to
support enterprise participation in exhibitions and
marketing activities.

Pollution emission permit for particleboard plant in
Fujian Province

Furen Wood Industry (Fuzhou) Co., Ltd. recently received
the environmental emission permit for particleboard
production as it met the latest standard (HJ1032-2019)
from the Ministry of Ecological Environment. After strict
evaluation the company was the first to secure an
environmental pollution emission permit for wood-based
panel production in Fujian Province.

Furen Wood Industry (Fuzhou) Co., Ltd. has invested in
environmental protection measures in recent years
especially in the area of pollutant discharge. The factory
has retooled its dust removal equipment and added wet
electrostatic tail gas treatment technology. The pollutant
particles discharged are now less than the limit value
which has been confirmed by the Ministry.

Guangzhou Trading and Distribution Center to be
completed in 2020

It has been reported that Ganzhou Trading and
Distribution Center is expected to be completed in early
2020. The total investment of this centre is RMB600
million and it occupies 9 hectares.

The total built-up area is 53,000 square metres and it will
be the first centre integrating supply chain finance, import
and export trade, logistics and a timber trading platform.
The project is expected to handle over 1 million cubic
metres of wood products annually.


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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