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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