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China Wood Products Prices

01 – 15th February  2020

US Dollar Exchange Rates of  10th  February 2020
China Yuan 6.9871

Report from China 

 Reduced tariffs on US wood products
The China Customs Tariff Commission issued a notice on 6 February 2020 stating that China will halve the additional tariffs on US$75 billion worth of some US products as of 14 February 2020 in a bid to promote the stable development of Sino-US economic and trade relations.

This decision will halve the 10% and 5% rates on a list of US products that were subject to additional tariffs from 1 September 2019.

The tariffs for 270 items listed in the first section and 646 items in the second section of Annex 1 to the Notice was adjusted to 5% from 10% and for the 64 items listed in the third section along with 737 items in the fourth section had tariffs adjusted to 2.5% from 5%.

Apart from the above-mentioned adjustment, the other measures to additional tariffs on U.S. products will continue to be implemented.

The tariff rates on most of the logs and sawnwood imported from the US have been reduced to 5% from 10%. The tariffs on poplar sawnwood and other North America sawn hardwoods have been cut to 2.5% from 5%.

The tariff rates on most imported wood-based panels, wood crafts and furniture have been halved to 2.5% from 5%. In addition, tariffs on most of the imported woodworking machinery, woodworking tools, agroforestry tools and forestry machinery from the United States will be halved to 2.5% from 5%.

Analysts write ¡°this move is good for timber traders, wood processors and furniture manufacturers who have been suffering from trade conflict and also disrupted production and trade due to the coronavirus control measures.

Further adjustment will mainly depend on future development in the economic and trade relations between the two countries. The commission said other additional tariff measures will continue to be implemented as stipulated and they will continue to work on tariff exemptions for imports from the US.


Delay in restarting trade at the main timber markets
Due to the impact of coronavirus epidemic the main timber markets in China have delayed the start of work after the New Year holidays.

When surveyed it appears the timber markets may return to normal business as soon as the end of February or the beginning of March 2020.

The timber markets surveyed include:

• Dongguan Zhongtang Yuzhu Timber Market
• Sichuan Da Southwest Timber Market
• Shanhai Furen Timber Market
• Shandong Linyi Wood-based Panel Timber Market
• Jiangxi Nankang Yuzhu Timber Market
• Zhangjiagang Timber Market
• Suifenhe Timber Market
• Foshan Jiujiang Da Zhuanwan Yuzhun Plywood Market

Postponement of March international exhibitions
The timber trade online journal wood365 has reported that in accordance with the government decree for prevention and control of the coronavirus epidemic all large-scale trade activities and gatherings shall be suspended during the epidemic prevention and control period.

A number of exhibition organizers issued delay. So far 6 international exhibitions will be postponed. The following exhibitions in March 2020 are postponed.

Fairs postponed include¡±

• 2020 The 30th China (Beijing) International Building Decorations & Building Materials Exhibition

• CIDE-2020 7th China International Integrated Custom Home Furnishing Exhibition and China International Door Industry Exhibition


• CBD - IBCTF (Shanghai) 2020 - China International Building & Construction Trade Fair

• China_International_Building_and_Construction_Trade_Fair_

• 43th International Furniture (Dongguan) Fair and Furniture Machinery and Materials

• CIFF 2020 - The 45th China International Furniture Fair (Guangzhou)

• 45th China International Furniture Fair (Guangzhou)-Home Furniture.html

• 2020 Shenzhen Creative Week & 35th Shenzhen International Furniture Exhibition

No off-loading in Zhangjiagang Port
Timber traders have learned that the local government in Zhangjiagang City is implementing strict measures to control the spread of the coronavirus. The resumption of business at the Zhangjiagang timber market is still uncertain. Furthermore, there are restrictions on unloading imported timber arriving at Zhangjiagang Port.

In related news all railway transport between Russia and China has been suspended except for the Beijing-Moscow international route. Under these circumstances and where contracts cannot be honoured companies may have the option of declaring force majeure.

Chinese companies have been advised to contact the China Council for the Promotion of International Trade ( for advice on declaring force majeure.

Imported C&F price data series
In an effort to provide more transparency on imported timber prices in China a new data set is provided below showing average prices for some key timbers imported.

It should be noted that these average C&F prices are derived from the import volumes and values as reported by China¡¯s Customs.


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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