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V01.2 No. 11 June 1997
INTERNATIONAL TROPICAL
Producers Report
Tropical Timber Market InformationTowards Greater Transparency in the Tropical Timber Markets
Log Prices
International Prices
G"bo"
Oko"me, FOBGradeLM
gsCJ
CE
CS
I - 15 June 1997
TIMBER ORGANIZATION
ECF^ per C".",
Ozjgo, FOBGrade
LM
gsCfCE
f46, @@@Z29,500
99,00083,50067,000
Solo"0"Is""ds SIFL, 11"dic"ripe FOBPrices
Gro"p I^Kwil"
Gro"p fBPat"q, ,mmPlanefoo"e!IC
Calcphyi, ,inPome, i"
Go"@sty!"sSchizo", eri"
F: CF, , per C, ,. in
C"FFe",
f"dicctive Pi, ice
per C, ,.",
M@Icysi"
f 03,00090, @0070, @0059,500
Screw"k Log Export Prices(FOB)Mein"!t Sg JP
Sin""
s"per sino"lier"ing Sg JP
sin@!!
s, ,per sinn"K"p"r ,99 "pSeto"g"" Bam Sg "p
Forec@st
Moveme"t
DSS22@
Growp 2C",,"rin", Us$ Z38B"reke!!"
Termi""Jin "
088 Z58,,
,,
""chainged
,,
per C, ,. inUs$Z95-200 {IUs$165~Z 70 {IUs$135-J4@ \tDSS22@, 225
UsSf9@-200
Us$160,170DSS215-220 11Us$220-23@ tl
Gro"p 3Dine"in
Cellis
,, tore"in
Dyso. ^,,!"", "E"gent"Bindosperm"", 'I"ize:c
AmOOF"
,,
moat/allnott/"11$148, fir. foil""cfo""ged""cfo""gednod j^"
69
,,
DSS 120
Us$ IZ8
inoof, fullin, d. I'llSIigh, 11.11
International Tropical Timber Organization (ITTO)Pacifico-Yokohama 1-1-I Minato-inirai, Nishi-k", Yokohama 220 JAPAN
Tel: (81-45) 223-1110 Fax: (81-45) 223-1111 e. nails injadans@ino. 0r. ip
,,
Gro"p 4Camp"OSper","", Us$116 slightf"11
Us$ Z@8 slight/"!IP"rim"ri
M"Fond^s " slightf""Others (wfott^) , slightf"!IO^"erg ^e41 " slightf""
69
SIjg'hi/"11,ri, h, fullslight/"11""ch""gedslight/"11,,,,,, f"11",, chainged""ch""ged
,9
69
Few changes have been recorded
International Tropical Timber Organization
C"", eroo" Log Prices
FOB
N'60/10"
JPo"s
Soyelerr@ko
Per C". in
70c"t. r. LM-C FFRZ45@ tl80c",+LM-C FF, 3125@ \I80c",+LM-C FFR175@ 1170cm+LM. C FFR165@ 11
Domestic Log Prices
Report From Br@zil
Logs at millycrdM@hog""y for Gr@ofelyeJ"tob"
G""r"b"
Meseto(white virol, !)
Rayort^, on Malaysia
Ok"""
LogsDomestic ^99 ex*logy"r41 Per C".",
08326@-270 11DR Mer""tt
03319@-J9511Bat""
Us$205-21@ 11Marb""
1783/3@-f4@ \IPeeler Core logsUs$32-33 \IR"66er, "@od
Kernp@s DSS135-145
Us$225-235 itKer"ing
Heavy rains continue to disrupt logging operations.
LogsCatb@
Orig^'frombe
EMIre/FF"", ire
orr"ad'Fr"koEkk, ?, gobeK"ssiulBi!!jin"
G""re"
Chemche"Cedrell"
per C". inUs$390DSS8211LISss511DSS45Us$46\!
Sawnwood Prices
Per C, ,, in
90cm + DSS4@60cm + DSSS@60cm + Us$55
55c", + Us$45
70c", + Us$5070c", + Us$5060c", + DSS6@
70c", + Us$45
SOC", + Us$45
International Prices
Report/rom findo"esi"
Brazil
Exports of sawnwood to Asia continue to be strong. Lastyear exports totalled 340,000 Cu. in, and this is expected tobe surpassed by this year exports.
The first large scale Eucalyptus sawmill is underconstruction in south Bahia. Aracruz has a joint venturearrangement with an American company, and most of theproduction is expected to be exported to USA. The sawmillis expected to be in operation next year and a value addedmill (mouldings) will be installed immediately after startup.
Plywood!o83FCCeLogsCorelogsS","logsraft"taiogsR, ,66erwood
Pi"e
Teak
M"horni
Kernb@"gSem""gkok
Per C, ,."'
Lassi4S-Z6@ itDSS 115-12@ \IDSS14@-160 fiDSS6@-62 fiUs$37-39
Us$65-70 \IUs$105@-1250Us$290-295flUs$Z80-190
An initiative on certification is under discussion at the
national level. The initiative has been taken by ABNT(Brazilian Technical Standards Association), the nationalforum for the development of standards. ABNT is thenational representative at ISO, and the initiative has receivedstrong support from the private sector.
V01.2 NO I I June 1997
E. :,;ports"w"woodM""o8""y KD F11S FOBOKm"rket
ICJ@b" Gree"
sin" Market
03, "r"b"
dinge!jin pedr"M""ato4"atFC
,ine CCD)
per C"."'
Us$Z@30 I!DSS44@-490
2
DSS29@
DSS27@
DSS245
Us$160
Tropical Timber Marketlnformation
International Tropical Timber Organization
G/,@",,
No price changes are reported. Demand for kilnedsawnwood is outstripping supply, all kiln space iscommitted. Enquiries for Odum KD/PAR are having to berefused as plants do not have capacity over that committedto regular buyers.
R0"8th S"win Prices FOBper C, ,.",
Mired Redw@odr Us$330
low grade Oof"", 1770k@) Us$400rpcw" Us$220
IVC, "@ lired dime"sio"s Us$260LIS$21911""w" 80"reS
70cm log din, 25-75"",,, 450c", Ie, ,8th
M""o8c"y per C, ,. inF^S room", PI"31.8"IPI"s Us$480F^S ZS@mm pins 2.4m pins Us$520
Us$700Od"", FAS Zoomm
Us$400Drawc F, 4S Z. 8mpl, ,s"egre
FA^ f 5@"tripl, ,s 24n p!"s Us$640
Tatw"" Province of Chin"
kg, bber, "o0dyer C".",25nm 60"r's
50- 75nm $4""res75-100mm $4""res
G"@, e"
C!IranEmire
Ekki
usS, @
DC1,0m"
Cedre!IC
SepetirGMSj?, D)R@", tm less ,h@" 2/7,
greater tft"" 211.O"k 25m", boordr
M"pieCherry
F, ,S
FAS
F1tS
F^S
F11S
FASF11S
08538S-4"0 11Us$435-455 !!Us$485-50@ It
MCI"yst"
Domestic Sawnwood Prices
Reportfro", Bindl
Saw" Timber
E. ^!, ort(:F'08) per C, ,. ",DCrk Red Mer""ti (2.5i"s x of"s & "p)GMS select & header (:KD) Us$ 720- 735 11Seray, "Scannings (75x125KD) Us$750-75S11
DSS325-335 11Sepetir Bogr, ^Per"pok (25mm&37",",, CD)DSS93S-960\IKSem""gkok
Us$ 735- 750 it(25", in&37","Min)
Us$380-390 itUs$540-55@ itIIS$620-63@ 11LIS$730.74@ ItUs$950-98@ 11ussris@. 1200 11
Us$460
Us$270DSS46@DSS335DSS33@
Us$250DSS4i@
The Domestic market continues to be generally weak, butsome reactions have been I^It by producers during last weekPrices have not reflected the recent changes in the marketdemand.
S"winwo@d (Oree" ex-miloNorther" Mills
M"foeg""ylyeIntob"
E"c"dy, pi"sSo"titer" Mills
'ine 41CD) Fiat Grade
V01.2 NO I I June 1997
Gh"""
per C, ,. inUs$830us$42011DSS398us$f7@it
Oakom", Chemcke", Amtic, isper C". in08395-/25
Us$72. Z@5
Us$105-15@
Us$ 72.105
Mill R"" 50ns@mm
50. XI@@",",
50x5@min
25x3@@", in
Mixed Redwood
40x3@@x. 3.6m
08318@
3
Us$105-24@
Tropical Timber Market Information
International Tropical Timber Organization
Rayonfrom rindo"esi"
S"win rimber
Domestic coinstr, ,ctio" material
K"", parD 6:cZ2.15x4@@cm
KD
KD
rer"ing6xZ2-Ise"21,400
2, c20c", x40@3^. 30cm, c40@
3x2@PC40@cm
per C, ,. in08333@-340 fi03345@-460 11Us$395-415
DSS5@0-52@
MCI@ysi"" Domestic Saw"woodPrices
reported that plywood is showing strong sales in Europewith firmer prices and it was reported that an increase toINDO plus 10 % was possible.
Saw"wood per C, ,. inBaton(25&Somm, loom",+) DSS38@. 40@Kernp"350mm by
Us$215-225 it(75,100&125mm)RedMe, "", I
(22,25&30m", byZ80. +", in) Us$300,315 {IR"bberwood
DSS25@-265 \!(25nm & 50mm)DSS32@-340 fl50m", $4"", esDSS36@-375 1175m",+
Mixed HardwoodPi!ing5.6 ms x5.6 ms seen@"s DSS2@@. 215
Us$28, -295 ITDSS320.340 11DSS335-345 11
Plywood (;z:cpor, , FOB)MR,CrudeBB/CC
27"tm
3",",
6m", am of "bone
WEP,GradeBB/CC
Z2-18", in
Plywood and Veneers
International Prices
Gh"""
per CDLm
Us$470-49@ \!Us3,2044@\!Us$340-38@ it
Ceiba peeled veneers are accounting for 75% of plywoodveneer exports with the Us taking the bulk of the production.
rindo"coin" Plywood
Apkindo has revised its 1997 target for plywood productionfrom 10 million Cu. in to about 9.5 million Cu. in due to
revised projections of raw material supply. Exports for1997 will be targeted at around 8.2 to 8.4 million Cu. in,while domestic consumption is estimated at around I to 1.2million Cu. in for this year.
Sliced Veineer FOB perSq. ",DSSf. 20s",!fom" FCCeUs$J. @@finterior
DSS@. 65BackingRedwoods orcfoog""y, Camd@lief, Eat""in)
per Sq. ",us$1.15Us$@. 90DSS@. 55
DSS435-450
1996 statistics indicated that last year Indonesia producedabout 9.6 million Cu. in with an export volume of nearly8.5 million Cu. in. Domestic consumption for 1996 wasabout 1.05 million Cu. in. Meanwhile the Association has
Re@dy, ,Sir, !iced ,"e, ,eer flay@"$)Thick, ,ess 6mm FOB
per C". inUs$Z37@DSSZ062UsSIf49
Us$1153
FCCe
Jinierior
Backing
V01.2 NO I I June 1997
Sapele"egre
M@hog""yKoto
Plywood 1220 x 2440 mmGradeBB/CC, FOBCatb"for file UK incrket
4mm
6", in
9mm
12mm
Z8mm
25nm
WEP
SIg347Stg, 296SIg284S^, 275S, 8270S, 8282
4
Per C, ,. in
MR
Say278S^, 249SIg248S!8238Stg23@
Tropical Timber Market Information
International Tropical Timber Organization
41wood 1220 x 2440mmGr"ofe ofc IP'BP FOB
Ceibc/or the Germ"" ","rketper C, ,,",DM735
DM623
DM613
DM6@@
DM587
DM573
mm
6m",
mm
2",",
Sinm
8mm
ot@, 3, C"t Veneer FOBper C, ,. in
"ce ,"e"ee, I-Z. 6",",
Catbc DSS320
Us$500OtO
ridJ!@inb" DSS440
C!IF, ,, DSS440
Some 20 plywood factories in the Sandakan district of theState of Sabah have recently decided to cut their productionby 40%, beginning this month. Based on the installedcapacity of these plants, this would represent a drop of some45,000 Cu. in in plywood output per month. The decision tocut production was made after taking into consideration theunstable prices for the commodity and the demand for
Some price improvement has been felt by plywood plywood, particularly the demand in China. These Sabahexporters, but the price changes were not sufficient to producers rely heavily on the China market for their salesimprove profitability, say producers. Many plywood and China has reduced its imports since early this year.producers have reduced exports. Pine veneer production,on the other hand, is increasing. Many plywood companiesare now preferring to export veneer since the price isstructure is better. The market is expanding and significantexports have been registered to Europe (Portugal, Franceand others), Israeland also Asia( Korea and even Malaysia).
Brazili"" Plywood ""d reineer
Plywood FOBWhite ,'from (Us Marke415.2", in 072 orR)f 5",", BE/CC 1114R)
For Cartbbe"" co""tries
While pyro!" 4mm
9",",
Pine USA market
9mm OCC myB, 11Z5mm OCC 078P)
Cedro @"erto Rico M"rke4)4",",
per C, ,. in
Us$355f!o'8334sfi
A large veneer and plywood company in It acoatiara(Amazonia) was recently taken over by a Malasiancompany. Itacoatiara is becoming the centre of interest formany international companies due to its location. In theregion there are two European owned sawmills already inoperation.
MCIqj, sin" Plywood
Us$470
Us$370
DSS27@
DSS25@
FOBreineer
White Piro!" FCCe
.Sin",
me reineer (OD)
Us$8Z@
"hog""y Veineer@. 7m",
MR GradeBB/CCFOB
2.7mm
3m",
3.6", in
9.18", in
178P Grade BB/CC
9-18", in
Phe, ,orc OverjoyedJ2-18m",
per C, ,."'
V01.2 N0 11 June 1997
DSS28@-330
DSS19@-2/@ 11
pepsq. inUs$2.70
Per C, ,."
DSS480-495 \!DSS425-440 11DSS41@"420 11Us$360-37S 11
[email protected]",",9. f8mm
mint"" Province of Chin"
Us$420,430
Plywood27", in x 4 ' x 8 '
9.0",", x 4'x 8'
12-18", in
DSS495-5ZO
DSS465-480 {IUs$450-465 11
5
per C". inDSS605-6fOIDSS5@0-5Z O t!Us$455-460 tl
Tropical Timber Market Information
International Tropical Timber Organization
Domestic Plywood Prices
Brazil
Tthe rain season is finishing, but supplies of tropical timber,especially veneers from the Amazon region, are still slow.Apparently this reflects the fact that many veneer producershave closed their operations due to low profitability.
Rat", j, C"t reineer(;air. millNo, therin Mi!!)White Piro!" Face
While I, 'frol" Core
Plywoodilex-", MISO"therin MiloOrcdeMR
4", in White Viral@
15mm White Piro!"
4m", Mcfoog""y fICce
Other Panel Product Prices
Brazil
per C, ,. inUs$. 155 11DSS12@
rind@,, esic
Demand for value added products, such as furniture, hasalso slowed during the last months, but it is expected toimprove shortly. As a result of a reduction in the furnitureindustry activity, the demand of particleboard continues tobe weak.
Domestic MR plywood1:1'"rk@, t, !)9", in
J2",",
Ismm
J8mm
Per C, ,."'Us$680
Us$5J@
Us$1,420
A recent survey shows that there are 6 new projects beingstudied for reconstituted panels ( mainly particleboard andMDF). Out of the 6 projects at least 3-4 will beimplemented. This means that by the end of the centuryBrazil will have a significant surplus of MDF andParticleboard. At least two companies are studying valueadded products based on MDF, One company has alreadyordered a plant for the production of flooring material basedon MDF
Furniture Parts and Components
Tat, """ Province of Ching, finports
per C, "",Us$435-455 11Us$425,430
Us$410-42541Us$395,400 Ll
rinports C&FR"bbe, wood CIMir sects
R"bberwood",!/i"ishedg"ee" ^",, e Chatrs(arcl"ding sq/t sect)Q"ee" Am"e Legs2 J/4 ms sq""re x 18 ms2314 ms sq""re x 28 ms
E. ,;port PricesBlockbo"rd f 8",",
While Viral" Faced81C
DOMes, to Prices
E!c-", illso"tl, er" kegio, , per C".",Blockbo"rd
Ismm White Viral" Faced Us$510
15"an MCI, @g""y FCCed DSS86@PC, tidebo"rd
15mm
perpcS$2.85-3.00
per C, ,. in
Us$285\!
V01,2 NO I I June 1997
rindo"esi"
Us$f2.5-J4. @000
DSSZ. Z@-r. 2000
Us$2. Z@. 2.25e"
Other PC"els
E. *;!, ortP", tideboc, dFOB9-f8",",
nom, es!to PCr!torebo"rd9", in
f2", in
Ism",
18m",
Us$300t!
MDF Export (FOB)J2-J8", in
MDF Domestic J5-/8mm
Per C, ,. in
DSS135-145
6
Us3230/1DSS23@
DSS22@
DSS19511
Tropical Timber Market Information
DSS190-2051!Us$280-300 it
International Tropical Timber Organization
Tat, ,,"" Province of Chi"", rinpor, s
MDF per C, "inDomestic Prices
DSS4@@-4Z5 \!3",", thick
DSS4@@-4204.75m",
Z2-18m", x 4'x 8' Us$275-29@ it
Particlebo"rd
12-18mm (42c8)
MCIqysi"
PCrticleboc, dorOB)6",", & @601, e
Domestic6m", & "boye
per C, ,,",Us$Z85-195 !I
M"toysi@
MDF(:F'OB)Less Ifo@"SinnGret"er th"" 6",",
Domestic
Mo"!dings froB)Sofag"" Bat" DeckingKernb""g Sem""gkok84S to Joy""L@", mate'sc""t!ings72m", x86", in
Red MeFC"ti Mo"Idi"83Jfx6&92"tm x ;,'t "pCrude, 4GradeB
per C, ,. inUs$145-J6@ it
Prices of Added Value Products
DSS17@-190
rindo"esi@
per C". inUs$220-230DSS20@-2f @ \!Us$245-255
per C, ,. inDSS58@-595 t!
Me"I'mgsper C, ,."'IRCmi" skirti"g
d'or the firing" incrketl IIS$930-95@ 11Crow" us ting P"Iai or Jel"to"gdor Jap@"ese incrke4i Us$ 790-8@@
L"inmatedSc""Mings Us$630-64511L"", mated 80"rdr
Us$380-395 \!Fatk"to wood
L"", mated Boards
Pine
RedMer"", iMo"ratingsIzx68/92mm J: in "PGrade/I
Gr"de B
Doors (FOB)MeFainti (re41 PC, ,el doors
Grade/, Us$51-53perpcUs$46-47, ,er pcG, "deB
GradeC 08342*45per PC
IISSir@@-1250
DSS645-660 11
Us$845-855 itUs$68011
Rubberwood parts and rumit"re
Mat^, sin
Sfoqped chatr sects08-22", in 16 "~18 " synere$)
Us$2.95-3,241, erpc
DSS81@-835
V01,2 N0 11 June 1997
rimgerjoi"redlaminated 60@r's
topgr"deR"66erwood $4S
DSS815-835 \IUs$605-630IJ
Dimi"g s, ,iteSolid r"66en, ,o0d mini""tort top 3 ' x 5 '
Us$56-63e" itwith ate"sio, , led'S"", e with
Us$70-75e"itOak veineeredMDF
Us$J2.50-15.00e" itWindsor Cfo@Ir
Us$15.50-17100e" itCalo"mr Clantr
N"pole"" Chair DSS22.26e"
g"ee" ^""e Chair (with sqj? sec41Us$20"2400 flwitho"r cm
Us$24-28e" Iwi, harm
per C". in
0,93810-825+
Us$845-865
DSS44@-450
7 Tropical Timber Market Infonnation
co", in"ed o" PCge 10
International Tropical Timber Organization
Japan's Furniture Imports
Domestic demand has always been central to Japan's furniture market, which has grown as a result of the force ofdomestic production but imports are rising. Japan's furniture producers generally think of Asian producers as "furnitureproducing districtsjust a little farther south than Kyushu", and many people are worried about the large volumes of low-priced products entering the country. The Japanese industry has realised that internationalisation of the furniture businessis here to stay.
Furniture Imports by Region, ,992 - 1996million Yen
250,000
DASia .Europe ONorth America Dother
200,000
I50,000
I00,000
50,000
o1992 I993
The in a, jor issues facing Japan's furniture inariuft, cturers areconsidering how to become internationally competitive andhow to respond to the internationalisation of the furnituremarket and of its production and distribution. Domesticfurniture manufacturers are taking steps to survive in manydifferent ways. Some furniture manufacturers have begunfurniture imports, while others are shifting their productionbases overseas,
Japan sets practically no tariff barriers to furniture imports sothe furniture market is wide open. However, the furnituremarket has been led by domestic production and domesticdemand. The ratio of imports to domestic furniture remainedat about 3-5% for a long time and it has only been the surge inimports over the last 10 years that has brought it up to thecurrent 12% level,
I994
2200
2000
1.00
I995
10 Do
1400
I996
15.0
1200
1000
O 1.02
J a p a n '. F u r n Itu re P ro d u c tio n a n d Im p o rte
Boo
Goo
IGO,
400
I'Sl
20 a
400
2.21
. 509
o
1985
Japan's reliance on imports is one of the lowest of the industrialised nations. Nevertheless, internationalisation willcontinue to progress in the future and the proportion of the market supplied from imports will continue to rise, In fact,while the official customs clearance statistics indicate that the import ratio is currently 12%, the ratio of imports includingforeign wood materials and furniture made in part overseas can certainly be expected to be much higher.
80
21 ,2
531
19, ,
a I 02
. Wooden Furnilure Production
. Metal Furniture Production
, Furniture Im ports
a.
83t
10.7
7,
2.5.
V01,2 N0 11 June 1997
.70
19.0
,00
700
1.17
I30
,, 00
850
,70
1.17
1.00
734
,GB
I'D ,
70,
1.1
1902
G, 7
1.0
1993
207
190 ,
8
230
19.5
Tropical Timber Market Information
International Tropical Timber Organization
A Statistical Round up of Japan's Furniture Imports
Tariff Code
40-01 O
Wooden 40-090
Seating 61-0109401 61,020
69-01 O
69-090
Imports of Wooden Furniture by Item - 1996
30-000
Other 40-000
Furniture 50-000
9403 60-010
ValueItem Yen inil.
Doubles as use for bed, Leather covered 288,599Doubles as use for bed, nori leather corered 2,715,730Wooden frame, up holstered, leather 22,204,635Wooden frame, up holstered nori leather 22,127,319Wooden frame, leather corered 279,832Wooden Frame , nori leather co^red 12,840,200
Total Seating 60,456,3151,964,5716,827,555
I0,503,287
Wooden Office Furniture
W o0den Kitchen Furniture
Wooden Bedroom Furniture
Wooden Furniture with She Ires (excludingcupboards and bookshelres designed forhanging on walls or for stackingOther Wooden Furniture
Total Other Wooden Furniture
60.020
Wooden Frame , norileather covered
2129,
Wooden frame. leathercovered
o. 5, ,
Import Sources for Wooden Scatlng ,996
M arket
Percent
05
45
36.7
36.6
O. 5
21.2
100
20
6.9
10.5
Annual
Change175%
106%
108%
158%
120%
106%
122%
156%
I57%
I22%
Doubles as use forbed Leather covered
o 5^
1.01 3.91079,086,83199,396,154
Wooden Iram o
up holstered norileather
366%
Doubles as use forbed. nori leather
covered
45%
I .O
79.6
I00
Top Five Wooden Furniture Exporters to Japan in,996
150%
136%
136%
Malaysia17.6%
ItalyI6.8%
V01.2NollJune 1997
Wood. n Iran.up holster. d leather
377%
Taiwan P. o C
17.9%
Thailand
28.8%
9
Source : Japan Exports and Imports, Ministry of Finance, Japan
China
17.9%
Tropical Timber Market Information
International Tropical Timber Organization
B, "3:1
Edge Gl"ed Pi"e Fame!per C". in
or Kore" ISI Crude DSS79@
Us$550Us Marker
Tatwc" Province of China
"bberw@oof Cl, "ir Sects DSS2.85-3.00
"bber", o0d CT, !/misl, edg"ee" ,,""e Chairs Us$12.5-14. @e@
g"ee" A""e Legs 2.25 ms sq""re18i"s Loing Us$1.10-1.20e"
275i"s Sq""re 28 fins Loing Us$2. [email protected]"bbe, ,,,@@d/lingerjoint per C, ,. in
robletops DSS815-835
Plywood markets are weak except for thin plywood. Salesof domestic and imported plywood is slow. For half-inchplywood imported products from Indonesia lead the marketsas domestic manufacturers have reduced production.Although imports are decreasing overall, monthly importsof above 250,000 Cu. in have caused stocks to increase.
F"rat, "re
Dining sirte froB)Ork' Veineered MDF mores cmd
chatrs (6 per set1 4ii at"DSS21@-221^per set it
Dining table Cinee, y veneerDSS48-5Ze"edest"!legs
Occ"siC""I table C"er, y I, e"eerDSS32-3500top I^I't^4ii
DeifyeredPrices
11st"" Log, L"", her cmd PC"e! Prices
Consumers Report
Logs For Plywood M",,,!f"cmri"gCfF Price Ye" per Itek"
MeFaintt (Hill, S"r"w"k)8,400L!Meat"in Mired
Meramti(Hill, S"FCw"*;)8,300 \ISTD Mixed
Mar"", illEl'i14, S"r"w@,;)Sin"11 Lot
ISM6@%, SSM4@%)than, Calophy!I"in (:FNC)cmd others
Mix L4ght H"rd, ,, o0dipNG G3-05 grade^IOk"me (G"bornesq)Kerating ,Scr"w",;)Medi"", Me & ,!Pray"r's@row",;) Meat"",Me & ,, p
Report From Japan
Soarhe@stAsi"" Logs
Domestic plywood markets have weakened for half-inchplywood for concrete forrnwork and structural use. As aresult, importers are reluctant to be flint on log purchases.Southeast Asian log purchases have cooled.
Sowtl, east^sin" L"", ber
Perupok laminated lumber is fetching high prices as arrivalshave been small and demand is active. Wholesalers and
retailers have asked for a price cut as the recent strongerYen has reduced import costs.
7,700 I!
7,00011
5,800!!8,400 \I
V01.2 N0 11 June 1997
Logs For Sawmilli"g FOB Price Ye" per Kok, ,Mejoytis"raw@,;)
12, @00 itSe!ec,
'Bathts (S'"FC","k)11, @00 itSeiec,
9,000
8,60011
FOB Price Ye" per C, ,. inL"inber
White Sorry" 69nb"h)f 75,000 it24xJ5@",",, 4", Zs, gr"de
Mt. ed Sorry, " 24x48mm,53,000 \t1.8 - 4m, S2S
Red Oak Slidx6 ms a, ,of wider
FAS (Us Bust Cons@
10 Tropical Timber Marketlnfonnation
125,000
International Tropical Timber Organization
plywood
Famels Mill G@te Price Tokyo Arearein per sheet
Cornerate Formbo"rd
Domes, ic Prod"ctio"Iron S. EAsi",, LogsJ1.52,900xf800m", ?), pe I 1,240 tlTfoi"
2.3x9J@XI820mm, j, pe 2 350Meat"",
4.0, c9J@XI82@", in In, pe 2 5405.5x91@xJ82@",", 21), pe 2 650
per $4, It44
70
Particleb@"rdZ5mmMDF J5", in
Report From China
198,374 Cu. in in the first quarter of 1997, a drop of around27% compared to the same period last year.
Of the total imports, 104,131 Cu. in was from Malaysia, adrop of 24%; 82,654 Cu. in from Indonesia, a decline ofsome 30%.
Okoume from Gabon Popular in Shanghai
China's imports of African logs have increased very rapidlyin recent years' Before 1994, the Shanghai wood markethad been dominated by Us Douglas Fir, Spruce andHemlock logs. In 1994 and 1995 the log imports weremainly from Malaysia, and since 1996 African logs havebeen dominating log imports. Now Okoume, from Gabon,has become very popular in the Shanghai market. The priceof Okoume has increased to Us $235 from Us $225 perCu. in, while the wholesale price in China has risen to Yuan2500 per Cu. in.
In the first quarter of 1997,74,353 Cu. in of plywood wereshipped to Shantou Harbor, Guandong province, accountingfor 37.5% of the total, an increase of 92% compared to lastyear; Shanghai harbor handled 25,378 Cu. in (accountingfor 13% of the total), down by 59%; Xiaomen harborimported 22,738 Cu. in (11.5% of the total). Huanpu harbor,Guandong province imported 26,899 Cu, in (13.6% of thetotal), increasing by 99.2%; Tianjin harborimported 1,987Cu. in.
It is said that the main reasons that Okoume from Gabon
has such a good market in China are as follows:
-the logs are good for plywood production, and China needshuge amounts of raw materials for plywood manufacture
-Malaysian began to restrict the export of Lauan logs
Prices/br rinpor, ed Tropic"I Wood Proof"cts in Sfo""g.foci cmdE"ster"
Cl, inc (Y"","'c"tic metre orper sheetj
-there exists fierce competition in China's market betweendomestic plywood and imported plywood, Chinesemanufactures need a cheaper raw material than than Lauanlogs for plywood production
Kerating LogLe"8th: 6-20",Matq, ,sin" L"""" LogMixed 2500-2600
Malaysi"" L"""" with frol!@w foecr,Mticed 1200-Z4@@
Medc"g log, My""mar 2400
The Chin"'s Plywoodimporrs Fulling
According to statistics from China's Customs Office importsof plywood (consisting solely of sheets of wood) totalled
Per C, ,. in
L"""" I"inherThick"ess:5-6c",
Le"8th: 3-4m
V01.2 N0 11 June 1997
1880-2400
L"""/MCI"$10"g"e4, groovednoon"g [email protected]. JinU@--r2Spar Sq. ",Bati",, Flooring Top Grade My""",@rlax5@-70x240@",", 300-354!, erSq. inPlywoodj^Din I'mdomesin3mm 1220x224@ 41 per SI, eet
per C". in
2850.3450
Us LEImber
Ork, MayIe, CherryI"& G Cherry Flooring18n",:350.7@mum2-4m12@-1461perSq. ",
11
per C". in7000-f4@@@
Tropical Timber Marketlnfonnation
International Tropical Timber Organization
From Europe, An Update on France
In 1996 Senbo, a French wood specialist, posted a net profitof Ffr 10 million on a turnover of Ffr I billion. The groupwants to reach a 0.8 debt ratio by 1999 ( it is 1.5 today) andexpects Gautier, its bedroom furniture subsidiary, to achievetotal sales of more than Ffr I billion by the year 2001 (theywere Ffr649 millionin 1996). In 1996 Seribo's engineeringactivity (turnkey wood production plants) reported a lossof Ffr 27 million.
Eurosit, the French manufacturer of office seats with a 1997turnover of Ffr 91 million, has been acquired by Sokoa, aleading company in this sector with a turnover worth Ffr125 million. Eurosit, which lost halfofits turnover in thelast five years, is now expected to return to a I O% yearlygrowth. The combined operation will allow the newcompany to set up commercial and industrial synergies aswell as to cut raw materials costs,
Manufact"rers Prices in France
Dining I""ofeI^per Price, Cherry1509c9@CM
Lower Price, Sty'!,,, o0dIZ5, c74c",
Window
Veineti@" Blindf2@XI5@cm FFR2,3761i
Solid Woode" Doors
Kitel, e" Doors
L?, per Price, Solid Oak,58.8x49.5cm
edi"in Price, Solid Oak,58.8. r49. Sen New Line
Lower Price, Solid Oak58.8x49.5c", NewLi"e
"?, per Price, 0"k,Medi"in Price, Onk,Lower Price, 0@k,
FFR11,700
F"ratt"re rind Coinpo"eats
FF, 31,000
MouldingsMedi"", Price, PineZ. 4x, .8cm
Lower Price, PineJ. Or2.9c",
nicke" Ch"i's
Meat"in Price, Beech,Lower Price, Beecfo,Dini"g ChatrC^, per Price, Solid Cherry FFR1,690Meat"in Price, Beecfo FFR280
Lower Price, Beech, FFR/8f
FF, 310,018FFR7,920FFR6, @73
FFR571fi
FFR3@741
Orfoer News/rom E, ,rope
FFR269 t!
More kitchens were sold in Gennany in 1996 than a yearearlier. Kitchen furniture sales were worth DM 6.06 billion
(+1.7%). The German production of kitchens registered a2% increase to DM 6.95 billion in 1996, while exportsexceeded DM I billion and imports increased by 16% tomore than DM 140 million.
Xi, chem Table
Meat"in Price, Beecfo100x7@cm
Lower Price, Meinmi"eCovered 115x 74c",
PerLi". in
FFR234
FFR140
FFR8.56
FFR5, @5
Ikea is to build a 600,000 sq. ft distribution centre inThrapston (Northamptonshire UK) to supply its seven UKstores, currently supplied by distribution sites in Belgiumand Sweden. The centre will be opened by the end of theyear, Meanwhile the chain, which had sales of Stg285 inil,in the year ending August 1996, is due to open its eighthstore near Nomngham, while another three stores are beingplanned.
V01.2 N0 11 June 1997
FF56Z
FFR238
The German trading group Metro AG will sell its lossmaking furniture chain Mobel Unger GinbH. The chain,which runs 63 furniture stores, closed 1996 in the red witha turnover of DM 1.23 billion, it will be sold to a group ofinvestors in July 1997.
The UK firm Silentnight registered an increase in overallprofits due to an increased turnover of cabinets of Stg59million (+8%) and a turnover for beds of Stg113,5 million(+12%). However, losses were sustained at Meredew
12 Tropical Timber Market Information
International Tropical Timber Organization
Cabinets, a recently acquired firm and bed sales growth is the South but more readily available in other regions.expected to be down in 1997. Green and air~dried Red Oak lumber from the Appalachian
is experiencing some slowed demand and softness inAdamant, a Russian retail chain specialized in furniture trade, pricing. Much of the demand for Red Oak stems fromis to inaugurate a new furniture store in St. Petersburg by the hardwood flooring manufacturers.end of May 1997, while another shop will be opened inSeptember. At present the chain operates three furniture The situation in the Particleboard and MDF market is still
weak. Even though furniture manufacturers are using morestores
engineered boards than ever before, the industry is stillIkea has announced plans to increase its acquisition of articles reeling from over-production and declining prices.from Spanish suppliers. In 1997 the Swedish chain willspendPta 2.6 billion to buy items from Spanish companies, while Some reference prices as of June 2,1997 for lumber inin 1998 the amount of these investments could reach PIa 3.6 selected producer regions are shown below:billion.
Stompa As, Nonvegian furniture manufacturer owned by Prices for 1000 bo"rdfee, flu'81:), Z finch ithick, TopMoller Industrier, will start exporting furniture for children g""Ii@,and young people, to boost sales in UK and German markets.
IIS Industry Report
The bad weather at the beginning of this year has had a majorimpacton log availability and production of hardwood lumberin the Us, The limited log supply coincided with a strongdemand, resulting in noticeable price increases, Recently, loginventories have improved and relatively few sawmills havehad trouble harvesting. There were a few exceptions in theupper Midwest and in parts of the South. Heavy rains duringthe past month have raised river levels in some areas to thepoint where mills had to be closed.
Generally, sawmills have expanded their operations and asizeable increase in the production of green lumber was seenin May. While the general price trend for hardwood is stillmoving upward, the improved supply situation brought aboutsome easing of the pressure.
However, demand for lumber by end-users has also increasedat a fast pace. Housing starts were particularly strong in theearly part of this year. The robust demand is adding to theinflationary pressure on wood prices. Currently, most marketin the Us are booming and lumber of almost every type andgrade remains in limited supply.
M"hog""y ("t WeSI constpor, ofe",, y)an DSS2695 me cfo""ge since May Z, 1997
D Us$255@ "0 cfo""ge since May Z, 1997
MeFC"ti ("t West coastpo, t ofe, ,!0, )Clear, d"rk redan DSS222@ "@ cfo@"ge since Mcy Z, 1997Cle"r, Jigl, , redAD Us$2035 "0 ch""ge since M"j, I, 1997
Demand for Hard Maple from domestic and foreign users isparticularly heavy and production is brisk. Nevertheless, itseems that prices have peaked. The demand for Red Oak isvaried. Generally, prices have increased with the exceptionof the thicker stocks. Top grade lumber is in tight supply in
Cherry,4ppcl"cl, in, ,s
V01,2NollJune 1997
ECrd May!eNorthern kegio", an DSS22@0 + $ 60
A, D Us$Z84@ + $ 20
an DSS2J45 + $55^pp"!"chin"s
ICO Us$248@ + $ f @
Redo"k
Nortfter" kegio"
So"titer" kegio, ,
APPCl"chin"s
an Us$f573 ino changeI'D DSSJ3@@ "0 chaingeI'D DSSr298 + $50
I'D DSSZ@f @ "o chc, ,gean DSSZ4S8 ,, 0 chaingeI'D DSSZZ00 - $5
13 Tropical Timber Market Infomiation
International Tropical Timber Organization
White O@k
Norther" kegi@"
So"the rin kegio"
^pp"!"chic"s
an Us$J37@ ,, 0 changeAD Us$975 "@ cfo@"gean Us$Z27@ ,,@ cl, cmgeI'D Us$940 + $J@
11:0 Us$1443 ,,@ cfo""geAD Us$l@98 "@ cfo"" e
JP'"I, ,"t
'PP"inchi""sThe supply of Read Oak will greatly increase in the nextf^w months. This may lead to softer prices or at least stopthe price increases of the recent past. As many secondary
Analysts believe that the conditions in the Us will remain wood products manufacturers have learned how tofavorable for lumber producers in the near future, but the successfully use lower grade lumber, the demand for suchpace of activity will be less hectic than during the past three lower grades has picked-up noticeably and prices will bemonths. Apart from the traditional summer vacation period, less prone to decline.economic growth is likely to slow down to a moresustainable level.
an DSSZ948 "0 cfo""BeAD DSS1385 "0 ch""ge
The domestic demand for White Oak will remain strongand keep prices at their present fairly high level, however,
The modest up-trend of interest rates will continue and put export demand for White Oak is only fair.a damper on housing construction. Demand for "big-ticket"durable consumer goods, including furniture may also be Walnut production will stay within narrow limits this year.affected negatively. There seems to be a slight increase in the use of Walnut by
American manufacturers. On the other hand, exports willThe strength of the dollaris an additional concern as imports remain subdued. Under this scenario, the risk of over-of secondary wood products, including furniture, are production and declining prices is of little significance.flooding the country. This coincides with the continuedweakness of many overseas economies, thus curtailing theAmerican export potential of hardwoods,
Cherry is the most popular species of wooden householdfurniture manufacturers. There is also a strong demand inthe export markets for upper grade Cherry.
Demand for good quality lumber remains extremely strongand prices are high. Recently some decline in the usage ofCherry was observed as manufacturers begin to substitutethe wood with other less costly species, Logging and lumberproduction of Cherry has been stepped-up, but this willprobably not be enough to noticeably dampen prices forquality wood in the near future.
While export shipments have remained strong to the FarEast, shipments to many European destinations (UnitedKingdom, Belgium and Holland) are slow. Also, oninternational markets, U. S. hardwood lumber producers areconfronted with increasing competition from several newnon-traditional overseas sources, including countries fromthe former East Block.
Under this scenario a situation of lumber overproductionmay occur in the second half of this year. A level ofabundant supply, combined with a possible decline indemand, may lead to price reductions for some species.
This general picture, however, should not detract from thefact that some species, such as Cherry, White Oak and SoftMaple, will enjoy continued strong demand and prices willremain firm.
V01.2 NO I I June 1997 14 Tropical Timber Marketlnformation
International Tropical Timber Organization
Cameroon
Central African Republic
Congo, People's Rep.Cote d'Ivoire
Gabon
Ghana
Liberia
Togo, Rep.
Zaire, Rep.Cambodia
FiriIndia
Indonesia
Malaysia
Myanmar
Papim New Guinea
PhilippinesThailand
Bolivia
Brazil
Colombia
ECLiador
Guyana
Hondiiras, Rep.Panama
Peru
Trinadad and To bagoVenezi^Ia
World Value of the Us Dollar 9th June 1997
C. FA. Franc
C. FA. Franc
CF. A. Franc
C. FA. Franc
CF. A. Franc
CGdi
Dollar
CF. A. Franc
New Zaire
Riel
Dollar
Rupee
Rupiah
Ringgit
KyatKina
Peso
Baht
Boliviano
Real
Peso
SICre
Dollar
LempiraBalboa
New Sol
Dollar
Bolivar
584.3
584.3
584.3
584.3
584.3
2050
584.3
122500
2738
14/7
35,7975
2429.85
25145
62109
1,3928
26,3885
24.03
5.23
1,072
1075.15
3926.5
142.3
13/05
26605
6,257S
486.25
Australia
Canada
China
EgyptAustria
BelgiumDenmark
Finland
GermanyGreece
Ireland
ItalyNetherlands
Portugal
^iainS\ACden
United Kingdom
Japan
NepalNew Zealand
Nor uny
Korea, Rep. ofSwitzerland
Russian Fed.
Dollar
Dollar
Yi^n
Pound
SchillingFranc
Krone
Markka
Mark
Drachma
punt
Lira
Guilder
ESCudo
Pesata
Krona
Pound
Yen
RupeeNZ Dollar
Krone
Won
Franc
Ruble
13/45
13787
82932
33952
12,1985
35,775
6475
5204
17002
275.39
0,676
1702.45
1.79
174.93
14627
77675
06148
1159/7
56.95
14544
71725
890.5
1,4557
5764.5
Loyale Merchant, a grade of log parcelLM
FOB Free-on-Board
SSQ Select Sawmill QualityAir DryAD
Boule A Log Sawn Through and Throughthe boards from one log are bundledtogetherBB CC Grade B faced and Grade C backed
PlywoodMBF 1000 Board Feet
Sq. Ft Square FootFFR French Franc
Koku 0,278 Cu. in or 120BF
V01,2 NO I I June 1997
libbre"fujio, ,s
Cubic Metre
Sawmill QualityKiln DrySawnwood Grade First and
Second
WBP Water and Boil Proof
MR Moisture Resistant
per piecePCeachea
Board FootBF
MDF Medium Density FibreboardF. CFA CFA Franc
till Price has moved u or down
Cu. in
SQKD
FAS
15 Tropical Timber Market Infomiation
International Tropical Timber Organization
This Market Service can be accessed on the ITrO Internet Home Page at:
http://WWW. itto. or. ip
h is also freely available by E-mail.To be included on our E-mail mailing list please send your E-mail address to:
injadams@itto. or. ip
V01,2 NO I I June 1997 16 Tropical Timber Market Information