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International
Plywood and Veneer Prices
Indonesian
prices
Prices
for Indonesian timber products are not available. The MIS is currently
looking for a new source of price data in that country.
Stricter
control kept reducing log supply
The
control of illegally harvested logs in Indonesia has been tighter reducing
even more the log supply and prompting the shutting down of more plywood
mills.
Japan and Indonesia
negotiating FTA
Japan
and Indonesia have entered in bilateral negotiations toward reaching a FTA.
The government of Indonesia has pointed out that tariff rates of plywood
differ among timber species ranging from 6% to 10% and requested Japan to
agree on only one rate. The Japanese government explained that tariff
differentiations are made so as not to compete with major domestic products
and that certain kinds of species are more important than others in terms of
tropical forest protection.
Japan
insisted that the discussions on tariffs on wood panels and other timber
products should be linked to discussions on export duties, restrictions on
logs and illegal logging. While recognizing the importance of combating
illegal logging and the
significant progress already made, the Indonesian government stressed that
it should not be linked to market access. Both governments are expected to
reach an agreement by mid‑2006.
Indonesia
loses market share in Europe
Indonesian
film-based plywood grades continue to lose share in the EU market. 21mm
film-based plywood, in particular, is being increasingly replaced by Chinese
and Russian plywood. Chinese 21mm poplar film/film kept gaining importance
due to its noticeably lower price. Filmed birch plywood from Russia has also
become a substitute for Indonesian products. According to traders, Chinese
producers are even offering their plywood grades at up to 30% below prices
for Russian products. Besides lower prices, Chinese and Russian plywood
compete with Indonesian plywood with more readily availability. However, it
is expected that the loosening of the dollar‑yuan peg will lead to
higher plywood prices in Chinese products.
Brazilian
Plywood and Veneer
|
Veneer FOB
(Belem/Paranagua Ports)
White Virola Face 2.5mm
Pine Veneer (C/D)
|
US$ per Cu.m
220
140
|
8%
duty on US plywood imports
Softwood
plywood from Brazil (HS code 4412.19.40, softwood plywood with sheets of 6mm
tick each, rough sheathing) lost its duty free status in July 2005.
The plywood product is now subject to 8% duty at time of arrival date, not
Bill of Lading, according to 19 CFR 14169 of the US Customs Code.
Statistics
indicating that Brazil supplied more than half of all the softwood plywood
the USA imported in 2004 triggered a federal order to impose the duty.
In 2004, Brazil became the leading supplier of softwood plywood to
the USA with over 1.1 million cu.m. (up from 0.52 million cu.m in 2003),
around 62% of total softwood plywood imports to the USA. Brazil exports
softwood plywood and other commodities duty free to the USA under the
“Generalized System of Preferences” (GSP) system.
|
Plywood FOB
White Virola (US Market)
5.2mm OV2 (MR)
15mm BB/CC (MR)
White Virola (Caribbean
market)
4mm BB/CC (MR)
12mm BB/CC (MR)
|
US$ per Cu.m
350È
300È
415È
320È
|
|
Pine EU market
9mm C/CC
(WBP)
15mm C/CC
(WBP)
18mm C/CC
(WBP)
|
US$ per Cu.m
225È
215È
210È
|
…and
7% duty on EU plywood imports
In
addition to the US duty, Brazilian exporters are likely to start paying a 7%
duty on shipments to the EU, their other major offshore market, earlier than
last year. The annual EU quota of 650,000 cu.m for plywood imports from
South America was running out by mid-2005, well ahead of the 2004 pace. The
EU duty applied in when the volume reaches 550,000 Cu.m.
Plywood
trade falls but timber trade grows
Brazil’s
real has risen significantly against the US dollar in the last months and
has unfavourably affected Brazilian exporters. This situation is making
domestic manufacturers concerned with high costs and margin reductions.
Despite
the appreciation of the real, the trade balance of solid woods is reaching
new records in 2005. The exports of Brazilian solid wood products in the
first half of 2005 grew 7.2% in comparison to the first half of 2004, from
$1.4m to $1.5m. However, June exports fell for different products excepting
wooden furniture, which exports grew 13.2% in value in comparison to the
same period of 2004 ($71.6m).
Exports of tropical sawnwood were $50.9m in June of 2005, up from $48.8m
in June 2004. However, volume fell 15.6% to 151.6m cu.m. from 179.6m cu.m..
Pine sawnwood exports decreased both in value and volume in June 2005.
Exports reached $68.5m (144.3m cu.m), down 19.4% (in value) from June 2004.
Exports of tropical plywood and pine plywood recorded the largest fall in
June. The exports of tropical plywood reached $40.3m (70.7m cu.m) in June
2005, down from $62.4m (109.5m cu.m) from
2004. Pine plywood exports recorded $36.5m (135.8m cu.m.), down from 35%
from 182.6 cu.m. in June 2004. These reductions in exports have been a
result primarily of the weak US dollar, a duty on Brazilian plywood exported
to the US, a European quota on plywood imports from South America and a
stiff competition of Chinese plywood in the EU.
Malaysian
plywood
|
MR Grade BB/CC FOB
2.7mm
3mm
9mm & up
|
US$ per Cu.m
400-410Ç
375-380Ç
325-330
|
Plywood
excluded from FTA
The
governments of Japan and Malaysia reached recently a basic agreement on an
Economic Partnership Agreement (EPA) treaty including a Free Trade Agreement
(FTA). An accord on agricultural and forest products had already been
reached late last year. Duties on all forest products except for plywood
will be removed when the treaty goes into effect probably in summer 2006.
The
negotiation on plywood duties will be resumed after the treaty comes into
force. The government of Japan intends to discuss the matter of combining
tariff rate by Japan and export duty (royalty) and export quota set by
Malaysia. In the mean time, a duty of 6-10% will continue being applied on
hardwood plywood imports.
Japan
is also negotiating a FTA with Thailand. The FTA with Indonesia, Malaysia
and Thailand are the sixth for Japan, which has FTAs with Singapore and
Mexico and struck basic deals with the Philippines last November.
GHANA
|
Rotary Veneer
|
Euro per Cu.m
|
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Bombax
Chenchen
Kyere
Ofram
Ogea
Otie
Ceiba
Mahogany
|
CORE (1-1.9mm)
325
325
325
325
325
325
270
425
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FACE (BELOW 2mm)
360
360
360
360
360
360
300
460
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The above prices are for full sized panels, falling
sizes minus 15%. Thickness below 1mm to attract a 5% premium.
|
Rotary Veneer
Core Grade 2mm and up
Ceiba
Chenchen,Ogea
& Essa
Ofram
|
US$ per Cu.m
235
295
305
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Sliced Veneer
|
Euro per Sq.m
|
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Afromosia
Asanfina
Avodire
Chenchen
Mahogany
Makore
Odum
|
Face
1.19
1.25
0.92
0.72
1.03
1.01
1.54
|
Backing
1.00
0.80
0.60
0.50
0.70
0.60
0.95
|
|
Plywood, FOB
|
Euro per Cu.m
|
|
Redwoods B/BB
4mm
6mm
9mm
12mm
15mm
18mm
Light Woods B/BB
4mm
6mm
9mm
12mm
15mm
18mm
|
WBP
560
340
315
300
310
300
WBP
500
335
290
270
280
245
|
MR
460
310
290
280
285
275
MR
330
270
255
235
245
235
|
Grade
AB/BB would attract a premium of 5%. BB/BB would be 5% less, C/CC would be
10% less and CC/CC would be 15% less.
PERU
|
FOB for Mexican Market
Copaiba, 2 faces sanded,
B/C, 15x4x8mm
Virola, 2 faces sanded,
B/C, 5.24x8mm
Lupuna, treated, 2 faces
sanded
5.2x4x8mm
Lupuna plywood
B/C 15x4x8mm
B/C 9x4x8mm
B/C 12x4x8mm
C/C 4x8x4mm
|
US$ per Cu.m
350-355
395-405
345-350
325-330
335-340
330-335
360-365
|
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Veneer FOB
Lupuna 3/Btr 2.5mm
Lupuna 2/Btr 4.2mm
Lupuna 3/Btr 1.5mm
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US$ per Cu.m
210-215
220-235
235-240
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Domestic
Plywood &
Veneer Prices
BRAZIL
|
Rotary Cut Veneer
(ex-mill Northern Mill)
White Virola Face
White Virola Core
|
US$ per Cu.m
183Ç
150Ç
|
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Plywood
(ex-mill Southern Mill)
Grade MR (B/BB)
White Virola 4mm
White Virola 15mm
|
US$ per Cu.m
593Ç
437Ç
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MALAYSIA
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Domestic
3mm
12-18mm
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US$ per Cu.m
385-395Ç
305-315
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PERU
|
Lupuna Plywood BB/CC
(Pucallpa mills)
122 x 244 x 4mm
122 x 244 x 6mm
122 x 244 x 8mm
122 x 244 x 10mm
122 x 244 x 12mm
122 x 244 x 15mm
122 x 244 x 18mm
|
US$ per Cu.m
461
451
438
424
430
426
491
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Other
Panel
Products
Prices
BRAZIL
|
FOB Belem/Paranagua Port
Export
Prices
Blockboard
Pine 18mm 5 ply (B/C)
Domestic
Prices
Ex-mill Southern Region
Blockboard
White Virola Faced 15mm
Particleboard (ex-mill)
15mm
|
US$ per Cu.m
340
397Ç
236Ç
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MALAYSIA
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Other Panels
Particleboard
Export 12mm & up
Domestic 12mm & up
MDF
Export 15-19mm
Domestic 12-18mm
|
US$ per Cu.m
130-140È
130-145È
205-215È
195-200È
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PERU
|
Domestic Particleboard
1.83m x 2.44m x 4mm
1.83m x 2.44m x 6mm
1.83m x 2.44m x 8mm
1.83m x 2.44m x 9mm
1.83m x 2.44m x 12mm
|
US$ per Cu.m
293
247
219
227
210
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Prices
of Added Value Products
MALAYSIA
|
Mouldings, FOB
Selagan Batu Decking
Red Meranti Mouldings
11x68/92mm x 7ft up
Grade
A
Grade
B
|
US$ per Cu.m
595-605
640-645Ç
535-540Ç
|
GHANA
|
Parquet Flooring 1st grade, FOB
10x60x300mm
Apa
Odum
Hyedua
Afromosia
10x65-75mm
Apa
Odum
Hyedua
Afromosia
14x70mm
Apa
Odum
Hyedua
Afromosia
|
Euro per Sq.m
12.0
7.8
13.67
13.72
14.47
10.18
18.22
13.93
17.00
11.00
17.82
17.82
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Grade 2 less 5%, Grade 3 less 10%.
PERU
|
Strips for parquet
Cabre uva KD S4S
Asian market
Cumaru KD, S4S
Swedish market
Asian market
Cumaru decking, AD, S4S E4S
US market
Pumaquiro KD # 1, C&B
Mexican market
Quinilla KD, S4S 2x10x62cm
Asian market
|
US$ per Cu.m
1250-1300Ç
610-625
570-590Ç
750-800Ç
465-480
570-580Ç
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