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Wood
Products Prices in The
UK & Holland | ||||||||||||||||||||||||||||||
Reports
from the UK The
Bank of England left interest rates unchanged this month as house prices
have steadied with small increases in some areas and some declines in
other areas. Consumer
spending has also retreated and some economists are thinking the interest
rates have moved up too fast. A
recent report on the domestic hardwood trade says that good quality
timbers are selling well. Oak continues to be very popular with imported
oak dominating the market. It
is reported that there is a strong demand in the UK for durable timbers
for decking and cladding. The
UK panel market is good with sales growing as construction projects take
off. Hardwood
importers are reporting increasing difficulties in sourcing American
hardwoods and this could benefit tropical suppliers. Oil
prices have firmed again and freight rates are everyone's mind as rate
increases are anticipated Log
Prices in the UK FOB
plus
commission
per Cu.m Sapele
80cm+LM-C Euro
270-285 Iroko
80cm+LM-C Euro
325-350 N'Gollon70cm+
LM-C Euro
216-230 Ayous
80cm+LM-C Euro
200-210 UK
Sawnwood Prices FOB
plus Commission per Cu.m Brazilian
Mahogany FAS
- Teak
1st Quality 1"x8"x8'
Stg2035-2350 Tulipwood
FAS 25mm
Stg315-330 Cedro
FAS 25mm Stg420-450 DR
Meranti Sel/Btr 25mm Stg345-365 Keruing
Std/Btr 25mm
Stg240-260 SapeleFAS
25mm Stg340-355 Iroko
FAS 25mm
Stg425-440 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 Report
from Holland Stocks tie up
capital The
problem now facing importers in Holland is that, due to the arrival of
orders throughout summer their stocks are building up again because of the
reduced demand from end-users/retailers and the increased stock holding is
eating up capital. In
an efforts to push some sales and bring stocks down analysts report that
Meranti (Bukit) in the popular Dutch size 3x5" (sold as 80x130mm) is
being dumped onto the local market at ridiculously low prices. Although
prices for Peninsular Malaysian timbers seem stabile on the basis of CNF
Rotterdam, and although the US-currency did not fluctuate much against the
Euro in the past weeks domestic price levels 3x5" sawnwood are under
severe downward pressure. Some
sources indicate that there is a heavy price-war going on and that Meranti
is being offered at such low levels (free delivered enduser's yard) that,
currently it is pointless to import more from Peninsular Malaysia. Infact,
at the moment, it is cheaper to buy Dark Red Meranti in Holland than in
Malaysia. Under
these circumstances importers have no inclination to place new orders.
Efforts were made to get Meranti exporters to accept firm bids at lower
price levels but these were reportedly declined because prices mill gate
prices for Meranti in Malaysia are extremely firm and the strong demand
for plywood has been firming log prices. This
situation will likely continue in the coming months especially as the
rainy season is about to begin in just few weeks.
With the onset of the monsoon logging becomes more difficult and
log supply will slow. The bright
spot In
contrast to the difficult situation in the market for Meranti, Merbau,
particularly in door sizes 2.1/2x6" and 7/4x6" as well as the
dimensions for stairs (7/4x10 and 7/4x12".), still enjoys firm demand
in Holland. The
fact that Merbau is in such good demand and because Merbau logs are
extremely difficult to get, has led to a further firming of log prices.
Malaysian millers report that they have to pay Malaysian Ringgit 1850 per
ton for Merbau logs, which is a record high. The
small quantity of Merbau that was offered CNF Rotterdam is now being
readied for shipment Jan/Feb 2005 but importers are now a bit more
hesitant towards the ever increasing CNF price for Merbau so that smaller
back to back orders are preferred for Merbau. Prices
CNF Rotterdam
per ton of 50 cu ft Malaysian
DRM Bukit KD
Sel.Bet PHND in 3x5"
US$1150 Malaysian
Nemesu KD Sel
& Btr PHND 3"x5"
US$1150 Indonesian
DRM Bukit KD
Sel.Bet PHND in 3x5"
US$1100 Malaysian
DRM Seraya KD
Sel.Bet PHND in 3x5"
US$1150-1160 Indonesian
DRM Seraya KD
Sel.Bet PHND in 3x5"
not available MTCC
Certified KD Seraya Sel&Btr
PHND 3x5 US$1175-1180 Merbau
KD Sel.Bet
Sapfree in 3x5" in
the region
of US$1260 All based on container shipment
at US$1900 per G.P. 40 ft. box. Freight variation for buyers account. Abbreviations
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Source:ITTO |
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