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China Wood Products Prices

01 – 15th June  2020

US Dollar Exchange Rates of  10th  June 2020
China Yuan 7.061

Report from China 


 Custom home furnishing brands doing well
The Press Office of the Guangzhou Municipal People's
Government has announced Guangzhou was recognized
for¡¯ Capital Global Customisation¡¯ by the United Nations
Industrial Development Organization (UNIDO).

There are 6 of the top 10 national custom home furnishing
brands in Guangzhou city and the market share for
wardrobes secured by Guangzhou manufacturers is said to
be around 80% of national demand.

The Guangzhou Market Supervision and Administration
Bureau took the lead in cooperating with the German
based certification body, TÜV SÜD, to provide advice and
guidance to local manufacturers. The cooperation has
opened a new chapter in joint authentication and
cooperation between China and foreign enterprises aimed
at improving the quality of service and promoted the
upgrading of custom manufacturing.

The international leading group standard of Custom Home
Furnishing Products and Wood-based Tailored Wardrobe
is formulated and released. More than 20 leading domestic
companies have joined the Group Standards Alliance. 6
first time innovativeness has been realized.

For more see

New Forest Law effective 1 July 2020
It has been reported that China¡¯s new Forest Law will be
effective 1 July 2020. The system of approval of timber
transportation will be cancelled as will the approval
system for the export of precious woods or their products
and derivatives. Also the scope of forest logging permits
has been adjusted.


Successful 2020 Nankang furniture online/offline order

The 2020 Nankang furniture online furniture order week
has been a success. News reports say during the event
week more than 200,000 merchants were attracted and
sales reached RMB9 billion of which RMB6.9 billion was
completed offline and RMB2.1 billion was traded online.

Commentators pointed out that the domestic furniture
market had become very depressed as consumer sentiment
was badly undermined but now demand is beginning to

From road to rail ¨C the new emphasis
Many provincial authorities have formulated new
environmental policies aimed at the eventual elimination
of old diesel trucks and polluting production facilities. It
appears the emphasis will shift from road transport to

China¡¯s National Development and Reformation
Commission and the Ministry of Transport have adopted a
policy to help drive the change to rail transportation and
have said that the central and local governments can
increase their financial support for the construction of
logistics facilities such as special railway lines and
multimodal transport stations to expand industrialization.

Trends in household consumption driven by
According to observation and analysis, the epidemic
situation of novel coronavirus has given birth to six new
trends of household consumption, specifically:
l  Popularity of healthy household products
l  Smart household products to meet new development
The outbreak of the novel coronavirus, to a large
extent, enhanced health awareness of consumers
causing enthusiasm for clean, sterile, health concept
l  Popularity of small kitchen appliances
During the long-term isolation people are easily
imprisoned by tedious housework and inconvenient
daily life. Intelligent household products became
l  Renovation of old homes or household furnishings
l  Rapid rise in home decoration
During the epidemic, consumers spend a long time at
home and begin to pay attention to their comfort,
health and safety and begin to re-decorate their
l  Intelligent buildings are becoming the new normal.
Intelligent access control system and multimedia
conference system have brought great convenience to
people's life and work.

In the previous report tables for first quarter 2019 instead
of 2020 were inadvertently inserted. The correct data is
shown below.


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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