US Dollar Exchange Rates of 10th June 2018
China Yuan 6.4035
Report from China
Manufacturing output remains strong
China¡¯s National Bureau of Statistics has reported that in
May the manufacturing purchasing managers index (PMI)
was 51.9 percent, an increase from the previous month.
Since the beginning of the year the PMI has been
improving.
Steady domestic demand and rises in commodity prices
contributed to the improvement in the manufacturing PMI
according to Zhao Qinghe, a statistician at China's
National Bureau of Statistics. Economic data from China
is being closely watched amid trade tensions between
China and the US.
Among the five sub-indices comprising the PMI, the
production index, new orders index and supplier delivery
time index were higher than the threshold (50) while the
main raw materials inventory index and employed person
index were lower.
New orders index was 53.8 percent, an increase of almost
1% month-on-month and was in the expansion range
showing that manufacturing output is still expanding.
Rise in 2017 sawnwood imports
According to data from China Customs, 2017 sawnwood
imports totalled 37.35 million cubic metres valued at
US$10.06 billion, a year on year increase of 16% in
volume and 24% in value. The average price for imported
sawnwood was US$269 per cubic metre, up 6% on 2016.
Sawn softwood imports in 2017 surged but sawn
hardwood imports declined.
Of total sawnwood imports, sawn softwood imports rose
41% to 25.05 million cubic metres, accounting for 67% of
the national total. The average price for imported sawn
softwood was US$195 per cubic metre, up 10% year on
year.
Sawn hardwood imports fell 14% to 12.30 million cubic
metres because China¡¯s sawn hardwood imports from
Russia fell 48%, Russia has restricted its birch exports.
The average price for imported sawn hardwoods was
US$422 per cubic metre, up 21% year on year.
Of total sawn hardwood imports, tropical sawnwood
imports were 6.68 million cubic metres valued at
US$2.526 billion, up 16% in volume and 19% in value
and accounted for 18% of the national total.
The average price for imported tropical sawnwood was
US$378 per cubic metre, a year on year increase of only
2%.
Substantial growth in 2017 sawn softwood imports
from Finland
China¡¯s 2017 sawn softwood imports surged 41% to 25.05
million cubic metres, accounting for 67% of total
softwood sawnwood imports. The average price for
imported sawn softwood was US$195 per cubic metre, up
10% year on year.
Russia still was the main sawn softwood supplier to China
in 2017 and China¡¯s sawn softwood imports from Russia
rose 32% to 14.28 million, accounting for 57% of the
national total.
Because Finnish government and Finnish Sawnmills
Association have been implementing a ¡°Wood from
Finland¡± promotion programme sawn softwood exports to
China accelerated to a year on year increase of 88%.
China¡¯s sawn softwood imports from Brazil, the US and
Ukraine also surged.
The average prices for imported sawn softwood from
Finland, Brazil and Germany declined 3%, 4% and 4%
respectively.
Lower sawnwood hardwood imports from Canada
Canada disappeared from the list of main countries
shipping sawn hardwoods to China because its most of
sawn hardwood were exported to the US. However,
China¡¯s sawn softwood imports from Canada rose 29% to
5 million cubic meters in 2017.
 
Rise in Thailand¡¯s sawnwood exports to China
Of total sawn hardwood imports, tropical sawnwood
imports were 6.68 million cubic metres valued at
US$2.526 billion, up 16% in volume and 19% in value
and accounted for 18% of the national total. The average
price for imported tropical sawnwood was US$378 per
cubic metre, a year on year increase of only 2%.
Thailand still is the main source of tropical sawnwood
exporter to China. Just 5 countries supplied over 92% of
China¡¯s tropical sawnwood requirements in 2017 namely,
Thailand (72%), Gabon (6%), Philippines (5%), Indonesia
(5%), Malaysia (4%).
China¡¯s tropical sawnwood imports from Laos fell 30%
but average price for tropical sawnwood from Laos rose
62%.
  
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