Logs & Lumber, Wood Products Prices Index

International Log & Sawnwood Prices

1-15th December 2004

International Log Prices

Sarawak Log Prices

FOB per Cu.m

Meranti SQ up US$190-195

small US$160-165

super small US$130-135

Keruing SQ up US$170-175

small US$140-145

super small US$110-115

Kapur SQ up US$145-150

Selangan Batu SQ up US$145-150

Francophone West African Log Prices

OB LM B BC/C

Euro per Cu.m

Afromosia/Assamela 381 350 -

Acajou/N'Gollon 206 191 -

Ayous/Obeche 206 190 160

Azobe 137 122 114

Bibolo/Dibtou 144 107 -

Movingui 190 175 145

Fromager/Ceiba 114 114 -

Iroko 351 320 241

Limba/Frake 137 114 99

Moabi 244 221 206

Padouk 206 206 -

Sapelli 229 213 190

Sipo/Utile 274 259 -

Tali 144 129 91

Doussie 457 335 274

Gabon Okoume

Grade per Cu.m

CI US$150

CE US$122

CS US$95

QS US$176

Okoume for China

40% CI, 40% CE, 20% CS US$200 (Free alongside)

Myanmar

Teak Logs

Veneer Quality FOB per Hoppus Ton

Oct Nov

2nd Quality Euro 4069 Euro 4200

4 tons 4 tons

3rd Quality Euro 3887 Euro 3905

10 tons 7 tons

4th Quality Euro 3286 Euro 3495

83 tons 48 tons

Sawing Quality per Hoppus Ton

Grade 1 Av. Euro 1915 Euro 2055

295 tons 148 tons

Grade 2 Av. Euro 1476 Euro 1555

366 tons 227 tons

Grade 3 Av. Euro 775 Euro 785

475 tons 207 tons

Grade 4 Av. Euro 935 Euro 985

477 tons 463 tons

Assorted Av. Euro 691 nil

tons 2253 nil

Domestic Euro 533 Euro 535

tons 877 2015 tons

Domestic Log Prices

Brazil

Logs at mill yard per Cu.m

Mahogany Ist Grade No Sales

Ipe US$78

Jatoba US$48

Guaruba US$34

Mescla(white virola) US$41

Indonesia

Domestic log prices per Cu.m

Plywood logs

Face Logs US$90-100

Core logs US$60-75

Sawlogs(Meranti) US$105-115

Falkata logs US$90-95

Rubberwood US$85-95

Pine US$95-100

Mahoni US$500-515

Peninsula Malaysia

Logs

Domestic (SQ ex-log yard) per Cu.m

DR Meranti US$210-220

Balau US$175-180

Merbau US$215-225

Rubberwood US$85-90

Keruing US$175-185

Ghana

per Cu.m

Wawa US$36-44

Odum US$77-175

Ceiba US$3--53

Chenchen US$33-88

Mahogany

(Veneer Qual.) US$40-91

Sapele US$55-154

Makore

(Veneer Qual.) US$54-154

International Sawnwood

Francophone West Africa

FOB per Cu.m

Okoume Euro

FAS GMS 275

Standard and Better 260

FAS Fixed Sizes 290

Sipo

FAS Standard Sizes 488

FAS Fixed Sizes 519

Sapelli

FAS scantlings 487

Dibtou

FAS Standard Sizes 381

FAS Fixed Sizes 412

Iroko

FAS GMS 458

Scantlings 519

Strips 304

Khaya

FAS GMS 366

Brazil

FOB Belem/Paranagua Ports

Export Sawnwood per Cu.m

Mahogany KD FAS FOB

UK market no trade

Jatoba Green (dressed) US$510

Cambara KD US$410

Asian Market(green)

Guaruba US$240

Angelim pedra US$270

Mandioqueira US$190

Pine (AD) US$130

Malaysia

Sawn Timber

Export(FOB) per Cu.m

White Meranti A & Up US$325-330

Seraya

Scantlings (75x125 KD) US$645-655

Sepetir Boards US$185-195

K.Sesendok 25,50mm US$350-360

Ghana

FOB Euro per Cu.m

Afromosia 855

Asanfina 480

Ceiba 180

Dahoma 310

Edinam 370

Khaya 520

Makore 450

Odum 610

Sapele 480

Wawa 1C&sel 245

Peru

Peruvian timber and wood product exports up to October totalled US$107 mil. compared to US$89.7 mil. in the same period of 2003, representing a growth of 19.53%. It is now possible that 2004 exports will exceed the US$ 108 mil. exported in 2003

The growth of Peruvian timber export values is largely a consequence of an increase in FOB prices. Exports of timbers such as masaranduba, cumaru, ipe or cabre uva for friezes and decking are growing while Mahogany exports have been declining.

According to Customs data, Mahogany export volumes to September 2004, were 12,798 cubic metres 22 % less than in 2003.

Data on other hardwood exports are encouraging with "other sawnwood" and hardwood mouldings exports growing by over 107% and 34% respectively. A similar situation can be reported for plywood whose exports grew by a surprising 252%.

The main destinations remain the USA (up very slightly) followed by Mexico (plus 44%) mainly with Virola and plywood exports. China is now the third placed export market with a good demand being seen for hardwood mouldings.

Peruvian exporters report that Chinese importers are demanding lower prices for hardwood mouldings. According to some Chinese buyer representatives in Peru, they can find species such as Cumaru and Cabre Uva, at lower prices from Bolivia.

For US Market per Cu.m

Mahogany 1C&B, KD 16%

Central American market US$1220-1250

Mahogany 1C&B, KD 16%

US market US$1300-1380

Spanish Cedar No.1 C&B,

KD 16%,

Central Am. Market US$615-630

Walnut 1" Thickness,

6' - 11' length US$660-700

Spanish cedar # 1 C&B, per Cu.m

KD 16% Mexican market US$630-650

Pumaquiro 25-50mm AD

Mexican market US$460-490

Virola 1" to 2"

Length 6' - 8' KD US$270-290

Lagarto 2" Thickness,

6' - 8' length US$345-365

Ishpingo 2"

Thickness 6' - 8' length US$365-385

Despite being the main timber and wood products export region of Peru, Loreto port reportedly still has logistical problems because only one line offers a service to Mexico and USA. This has been the case for 5 years say analysts and has prompted exporters to ask the government to find a solution because the poor shipping opportunities hampers market diversification.

Loreto exporters are shipping to Tampico (Mexico), Houston and Port Everglades (USA). Virola is the main export species (72%), followed by Lupuna (Chorisia sp.) 18and then Spanish cedar, Mahogany, Marupa (Simarouba amara), Massaranduba, Cabre Uva, Capinurí (Clarisia sp.), Cumaru, and Cachimbo.

Analysts estimate that the value of timber exports from Loreto in 2004, will be around US$24´000,000 representing between about 20% of the total Peruvian timber exports.

Domestic Sawnwood Prices

Brazil

Sawnwood (Green ex-mill)

Northern Mills per Cu.m

Mahogany No sales

Ipe US$329

Jatoba US$237

Southern Mills

Eucalyptus AD US$115

Pine (KD) First Grade US$147

Indonesia

Sawn timber, ex-mill

Domestic construction material

Kampar per Cu.m

AD 3x12-15x400cm US$200-210

KD US$280-290

AD 3x20x400cm US$305-315

KD US$320-330

Keruing

AD 3x12-15cmx400 US$225-230

AD 2x20cmx400 US$220-225

AD 3x30cmx400 US$230-235

Malaysia

Sawnwood per Cu.m

Balau(25&50mm,100mm+)

US$235-245

Kempas50mm by

(75,100&125mm) US$185-195

Rubberwood

25x75x660mm up US$235-240

50-75mm Sq. US$245-250

>75mm sq. US$255-265

Ghana

Sawnwood per Cu.m

Wawa 25x300x4.2m US$73

Emeri 25x300x4.2m US$70

Ceiba 25x300x4.2m US$53

Dahoma 50x150x4.2m US$138

Redwood 50x75x4.2m US$122

Ofram 25x225x4.2m US$136

Peru

per Cu.m

Mahogany US$1512-1522

Virola US$186-200

Spanish Cedar US$630-640

Catahua US$177-183

Tornillo US$357-365

As result of a series of meetings between representatives of different associations and companies in the timber sector, the Minister of Production - PRODUCE - created a Technical Secretariat for Wood and Wood Products.

This secretariat is organizing specialized working groups for Commerce and Promotion, Investigation and Innovation and Forest and Law that involves government agencies and private sector representatives.

This secretariat has an ambitious plan for developing the timber sector which includes commercial missions to the USA, Mexico, China, Central America and Europe. Several technological missions in order to improve and update the Peruvian Industry are also planned.

The private sector has welcomed this move as they feel this could be the beginning of the modernization of the sector.

Abbreviations

LM Loyale Merchant, a grade of log parcel	Cu.m Cubic Metre
QS Qualite Superieure	Koku 0.278 Cu.m or 120BF
CI Choix Industriel	FFR French Franc
CE Choix Economique	SQ Sawmill Quality
CS Choix Supplimentaire	SSQ Select Sawmill Quality
FOB Free-on-Board	FAS Sawnwood Grade First and
KD Kiln Dry	Second
AD Air Dry	WBP Water and Boil Proof
Boule A Log Sawn Through and Through	MR Moisture Resistant
the boards from one log are bundled	pc per piece
together	ea each
BB/CC Grade B faced and Grade C backed	MBF 1000 Board Feet
Plywood	MDF Medium Density Fibreboard
BF Board Foot	F.CFA CFA Franc
Sq.Ft Square Foot	Price has moved up or down

Source: ITTO