UK Timber & Wood Products Prices

Wood Products Prices in The UK
1-15th August 2004

News from the UK

As expected, the Bank of England raised interest rates by 0.25% for the fifth straight time since November last year. This change has slowed further the over-heated housing market slightly in that the rate of house price growth has slowed. The number of new house loans fell by around 9% between May and June and with consumer credit at record levels in the region of US$1.6 trillion, inflation risks are high.

For businesses the increase in oil prices is causing concern and with the holiday season in full swing business is quiet.

The UK Timber Trades Federation is back on the promotion trail to support the "Wood for Good" campaign but the bulk of the contributions for the new effort are from outside the tropical hardwood and analysts point out that the campaign will benefit. On the positive side, the requirements for building insulation are being strengthened and this could have a positive spin-off for sales of wood products.

Log Prices in the UK

FOB

plus commission per Cu.m

Sapele 80cm+LM-C Euro 260-275

Iroko 80cm+LM-C Euro 310-330

N'Gollon70cm+ LM-C Euro 200-225

Ayous 80cm+LM-C Euro 200-220

UK Sawnwood Prices

FOB plus Commission per Cu.m

Brazilian Mahogany FAS -

Teak 1st Quality 1"x8"x8' Stg2035-2350

Tulipwood FAS 25mm Stg310-325

Cedro FAS 25mm Stg420-450

DR Meranti Sel/Btr 25mm Stg340-365

Keruing Std/Btr 25mm Stg240-260

SapeleFAS 25mm Stg330-350

Iroko FAS 25mm Stg430-460

Khaya FAS 25mm Stg345-360

Utile FAS 25mm Stg405-415

Wawa No1. C&S 25mm Stg210-220

Plywood and MDF in the UK

CIF per Cu.m

Brazilian WBP BB/CC 6mm US$570

" Mahogany 6mm

When last available US$1265

Indonesian WBP 6mm US$550-590

Eire, MDF BS1142 per 10 Sq.m CIF

12mm Stg37.70