US Dollar Exchange Rates of
10th
June
2025
China Yuan 7.18
Report from China
US petition filed - countervailing duties on imports of
hardwood and decorative plywood
It has been reported that the Coalition for Fair Trade in
Hardwood Plywood recently filed a petition for the
imposition of antidumping duties on the imports of
hardwood and decorative plywood from China as well as
Indonesia and Viet Nam.
The petition alleges dumping margins of 474.2% from
China, 202.8% from Indonesia and 112.33% to 133.72%
from Viet Nam.
The complaint particularly points out that the
manufacturing enterprises in the three countries have
gained unfair competitive advantages through policies
such as government subsidies, tax reductions and
preferential loans.
Analysts believe that if the US Department of Commerce
eventually rules to impose punitive tariffs it may reshape
the global plywood trade pattern.
National standard "Determination Method of Total
Organic Carbon in Wood-based Panels and Finishing
Products"
The national standard "Determination Method of Total
Organic Carbon in Wood-based Panels and Finishing
Products", which is under the jurisdiction of the National
Technical Committee for Standardisation of Wood-based
Panels and led by the Wood Industry Research Institute of
the Chinese Academy of Forestry, was recently released
and came into effect 1 June 2025.
Wood-based panel and finishing products, with wood as
the main raw material, are important carriers for carbon
storage and fixation. This standard provides a scientific
and analytical testing method for the determination of total
organic carbon offering a standard basis for accurately
measuring the carbon storage of wood-based panel and
finishing products.
National standard for "Green Product Evaluation of
Wood-based Panels and Wood Flooring"
It has been reported that the national Standard Green
Product Evaluation - Wood-based Panels and Wood
Flooring (GB/T 35601-2024) came into effect 1 June
2025.
The standard stipulates the evaluation requirements and
methods for green products of wood-based panels and
wood flooring and is applicable to the evaluation of green
products of wood-based panels and wood flooring for
indoor use. The implementation of the Standards will
effectively promote the transformation and upgrading of
China's wood-based panel and wooden flooring industries,
achieve high-end leadership and better meet the demands
of green consumption.
Rise in wood-based panel machinery exports
The production of machinery for manufacturing wood-
based panels in China has improved in recent years.
The total import and export value of machinery for wood-
based panel production in the first quarter of 2025 was
US$103 million, increasing by 11% year-on-year. Of the
total, the export value was US$99 million, up 13% year-
on-year. In contrast, the import value, a year-on-year
decrease of 27%.
The total import and export value of major forest
machinery products in China was US$5.052 billion in the
first quarter of 2025, increasing by 20% over the same
period of 2024. Of the total, the import value was US$147
million, up 7% year-on-year. The export value was
US$4.905 billion, up 21% year-on-year.
See: https://www.forestry.gov.cn/c/www/lcdt/624854.jhtml
Slight rise in plywood exports
According to China Customs in the first quarter of 2025,
China’s plywood exports totalled 2.944 million cubic
metres, up slightly (0.4%) over the same period of 2024.
China’s plywood exports to Saudi Arabia, United Arab
Emirates and Nigeria rose 56%, 52% and 54%
respectively over the same period of 2024.
The destination countries and regions for China’s plywood
exports are numerous and the proportion of China’s
plywood exports to the top 9 destination countries and
region in the first quarter of 2025 accounted for nearly
50% of the national total. In contrast, the volume of
China’s plywood exports to Japan alone fell 14% in the
first quarter of 2024.
Decline in plywood imports from Malaysia
According to China Customs, in the first quarter of 2025
China’s plywood imports from Malaysia dropped 33%
over the same period of 2024. In contrast, China’s
plywood imports from Indonesia rose 57%. China’s
plywood imports totalled 92,000 cubic metres, up 6% over
the same period of 2024.
Russia is the largest supplier of plywood to China. China’s
plywood imports from Russia rose 8% to 81,000 cubic
metres, accounting for 88% of the national total in the first
quarter 2025.
China’s plywood imports from Japan rose 57% to 4,900
cubic metres in the first quarter of 2025. It is worth noting
that China has begun to import plywood from Chile.
China’s plywood imports amounted to 976 cubic meters in
the first quarter of 2025.
  
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