US Dollar Exchange Rates of
25th September
2020
China Yuan 6.8344
Report from China
Year to August real estate development
By August this year investment in real estate development
was up almost 4.6% year on year with investment in
residential building rising over 5%. However, between
January and August this year the area of land purchased
for real estate development dropped 2.4% year on year.
See:
http://www.stats.gov.cn/english/PressRelease/202009/t20200916_1789784.html
Retail sales turn positive in August
August retail sales of consumer goods trended higher, the
first positive year on year growth this year. However, sales
of furniture were still below (-11.4%) that in the first eight
month of 2019 and sales of Building and Decoration
Materials were down 8.7% over the same
period.
According to statistics on China¡¯s fibreboard and
particleboard production capacity in the first half of 2020
from Forestry Planning and Design Institute of the State
Forestry and Grassland Administration (SFGA) and China
National Forest Products Industry Association (CNFPIA),
progress in construction of additional fibreboard and
particleboard mills has slowed and there are fewer new
mills under construction compared to last year.
Fibreboard production
China's fibreboard production capacity expanded after
2018 and the 2020 production capacity is forecast to reach
56 million cubic metres annually when current
construction projects are completed.
Two new continuous flat-pressure fibreboard production
lines are operational in Anhui Province with a total
capacity of 420,000 cubic metres per year. Six new
production lines with an annual production capacity of
1.74 million cubic metres are located in Guangxi,
Shandong, Jiangsu and Jiangxi Provinces.
There are currently 32 fibreboard production lines under
construction in China with a total output capacity of 6.51
million cubic metres per year. The fibreboard production
lines under construction will come on line over the next 2
years.
Recently, the Guangxi Lelin Group and Dieffenbacher
concluded a deal for a 600,000 cubic metre formaldehydefree
fibreboard project. This, the Group claims, will be the
largest single-line production plant in the world. The
continuous press is 9 feet wide and 80 meters long.
See:
https://www.sohu.com/a/414041777_120055240
Particleboard production
Current projects under construction will have an annual
production capacity of around 42 million cubic metres and
most are likely to be operational this year.
Five new particleboard production mills with annual
output of 1 million cubic metres have recently become
operational in Shandong, Jiangsu, Anhui and Guangxi
Provinces of which 4 are continuous flat pressing lines
with annual output capacity of 950,000 cubic metres. 25
particleboard production lines were under construction in
China in the first half of 2020 with annual output of 6.96
million cubic metres.
See:
http://www.forestry.gov.cn/xdly/5197/20200821/081348635241173.html
Decline in fibreboard imports
According to China Customs, fibreboard imports were
62,235 tonnes valued at US$45.66 million, down 26% in
volume and 22% in value in the first half of 2020.
China mainly imports from New Zealand (12,408 tonnes),
Australia (11,997 tonnes), Germany (10,189 tonnes ) and
Thailand (7,191 tonnes ).
China¡¯s fibreboard imports from New Zealand and
Germany fell 27% and 21% respectively in the first half of
2020 however, imports from Thailand and Australia rose
14% and 13% respectively.
Decline in fibreboard exports
According to China Customs in the first half of 2020
fibreboard exports where 629,967 tonnes valued at
US$341.23 million, down 21% in volume and 27% in
value.
The international markets for China¡¯s fibreboard exports
are diverse with the top 10 markets accounting for just
60% of all exports.
The largest overseas market in early 2020 was Nigeria
were China exported 107,088 tonnes down 16% over the
same period of 2020. However, the US became the second
largest export market for China¡¯s fibreboard in early 2020
taking 58,018 tonnes but this was around 40% lower than
in the first half of 2019. China¡¯s fibreboard exports have
been falling due to concerns on toxic emissions.
Rise in particleboard imports
According to China Customs, in the first half of 2020
particleboard imports were 298,586 tonnes valued at
US$100 million, up 15% in volume and 8% in value and
this was despite the impact of the pandemic on trade.
The major suppliers of particleboard imports in the first
half of 2020 were Thailand, Brazil, Romania, Malaysia
and Russia. Imports only declined from Malaysia (-4%)
while imports from Thailand (+8%, 74,000 tonnes), Brazil
(+6%,48,000 tonnes) and Romania (+17%, 48,000
tonnes).
China¡¯s particleboard imports from Russia surged to
almost 32,000 tonnes because Chinese companies have
built plants in Russia and export to China.
The US is no longer a major supplier of particleboard to
China as a result of the current trade dispute. China¡¯s
particleboard imports from the US plunged 84% in the
first half of 2020.
Slight decline in particleboard exports
According to China Customs, in the first half of 2020
particleboard exports were 106,563 tonnes valued at
US$58 million, down 1% in volume and up 27% in value.
The major overseas markets for China¡¯s particleboard
exports were Mongolia, UAE, Saudi Arabia, Vietnam and
South Korea in the first half of 2020.
China¡¯s particleboard export to Mongolia and Saudi
Arabia rose 25% and 79% to 25,074 tonnes and 6,706
tonnes respectively. However, China¡¯s particleboard
export to UAE, Vietnam and South Korea fell 2%, 40%
and 22% to 11,350 tonnes, 5,413 tonnes and 5,156 tonnes
respectively in the first half of 2020.
The US is no longer a major market for China¡¯s particle.
Particleboard exports to US fell 27% to just 1,552 tonnes
in the first half of 2020.
Heilongjiang (Mudanjiang) timber distribution center
It has been reported that recently a timber and wood
products distribution center had been established in
Heilongjiang (Mudanjiang).
The Center will handle panels imported from Russia,
Ukraine, Belarus and some other European countries. The
Mudanjiang Huasheng National Transportation Logistics
Center (inland port) will facilitate trading, bonded
warehousing, Custom clearances, duty payments and
distribution. This Center will also handle production from
the 23 existing wood enterprises in the area for export.The
establishment of the Heilongjiang (Mudanjiang) timber
and wood products import and export distribution center
will strengthen the distribution, transit, sales and logistics
to domestic and international markets and will increase the
opportunities for exports from Mudanjiang.
See:
http://zwgk.mdj.gov.cn/bmxxgk/swj/202008/t20200831_305745.html
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