US
Dollar Exchange Rates of 22th May
2006
China Yuan
8.026
Report from China
Russia is China¡¯s top log/ sawn supplier
In the first quarter of 2006, seven countries accounted for 92.2% of China¡¯s log imports and five countries
accounted for 61.5% of its sawnwood imports. China¡¯s plywood imports declined to 106,200 m3, down 47%
from the same period in 2005. Imports came mainly from Indonesia (7,800 m3) and Malaysia (31,300 m3).
The main ports for log imports were Manzhouli (34% of
total imports), Harbin (23%), Nanjing (17%), Huhehaote (9%) and Kunming (4%), while the main ports for
sawnwood imports were Shenzhen (24%), Nanjing (23.5%), Huhehaote (12%) and Kunming (8%).
USA is China¡¯s main plywood importer
Chinese exports of sawnwood reached 201,400 m3 in the first quarter shipped to the markets Japan (90,700 m3),
Australia (21,700 m3), Rep. of Korea£¨ 19,100 m3) and Taiwan P.O.C. (10,100 m3). Plywood exports totalled
1.29 million m3£¬ up 24% from the same period in 2005.
The main plywood markets the USA (395,700 m3, 30.8%), Japan (120,800 m3, 9.4%), UK (63,200 m3,
4.9%) and Taiwan P.O.C. (56,600 m3, 4.4%).
China¡¯s furniture foreign trade records high growth
China exports of wooden furniture amounted to 44.18 million pieces worth $1.64 billion in the first quarter of
2006, up 25.6% in volume and 34.4% in value from the same period in 2005. At the same time, China also
increased its imports of wooden furniture imports to 238,900 pieces worth $24.8 million, up 44% in volume
and 43% in value. In addition, the imports and exports of
furniture semi-products grew as well. Imports of these products reached $5.03 million (up 6.6%) while exports
rose 57.4% to $150.56 million.
Zhangjiagang alleges log specifications problems
Log imports through Zhangjiagang, one of Nanjing¡¯s ports, reached 385,000 m3 ($88.55 million) from January
to February 2006, up 46% from the same period in 2005. Of the total, 214,700 m3 were from Southeast Asia and
169,800 m3 from Africa. Most log imports came from Malaysia (73,000 m3), PNG (131,400 m3) and Gabon
(104,600 m3). Some Chinese importers are complaining about deficiencies in log specifications from Africa.
According to importers, reported log diameters are often less than actual diameters. Importers claim that this
resulted in economic damages of around $1.42 million, doubling the level of the same period in 2005.
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