2004/2/17
Sarawak Log Prices FOB per Cu.m Meranti SQ up US$155-160
small US$125-130
super small US$95-100 Keruing SQ up US$140-145
small US$110-115
super small US$80-85 Kapur SQ up US$140-145 Selangan Batu SQ up US$140-145
Francophone West African Log Prices
Sapele prices have held on to the gains made earlier this month. However Sipo prices remain weak because of poor demand, analysts expect prices to weaken further.
FOB prices for Bubinga have risen by euro 61per cubic metre for LM and B grades for the European market and by euro 30 per cubic metre for LM grade for Asian buyers. Producer's report China is buying Bubinga to balance out some over-stocking of other species. For Europe, the only price change seen recent has been for Bubinga but there are some modest downwards adjustments in prices for Asian buyers, for example Acajou B grade reported down euro 8 per cubic metre.
Fromager and Movingui are both reported down euro 15 per cubic metre in the LM and B grades while Tali is said to be down a modest euro 4 per cubic metre for LM and B grades.
The most significant price change is the drop in Okoume prices by the SNBG. Prices are quoted as down 5% for CI (choix industriel) grade, 8% down for CE (choix economique) and 9% down for CS (choix supplémentaire) grades, which China buys in the proportions of 40-40-20% However, buyers for China are still not taking up normal volumes from Gabon and still buying at lower prices from Congo (Brazzaville) and Equatorial Guinea.
FOB LM B BC/C
Euro per Cu.m Afromosia/Assamela 381 350 - Acajou/N'Gollon 175 152 - Ayous/Obeche 175 160 106 Azobe 152 145 114 Bibolo/Dibtou 145 106 - Fromager/Ceiba 114 114 - Iroko 274 228 160 Limba/Frake 122 107 99 Moabi 221 198 -
Padouk 206 168 - Sapelli 259 244 206 Sipo/Utile 259 244 - Tali 144 129 91 Doussie 427 335 274
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
The strengthening of the Euro is reflected in generally marginally lower prices in December.
Veneer Quality FOB per Hoppus Ton
November December 2nd Quality No sale No sale 3rd Quality Euro4204 Euro4114 4th Quality Euro3512 Euro3075 Teak Logs Sawing Quality per Hoppus Ton Grade 1 Average Euro2032 Euro1985 Grade 2 Average Euro1607 Euro1599 Grade 3 Average Euro699 Euro684 Grade 4 Average Euro1020 Euro1027 Assorted Euro707 Euro675
Domestic Log Prices
Brazil
Logs at mill yard per Cu.m Mahogany Ist Grade No Sales Ipe US$67 Jatoba US$43 Guaruba US$28 Mescla(white virola) US$35
Domestic wood prices changed slight as the Real strengthened against the dollar. In general, these prices are expected to remain stable, at least, in the short term. However, it is worth noting that pine log prices are likely to continue to increase due to high demand driving prices higher. As for tropical timber, there are no expectations of significant price increases
In other news, the State of São Paulo aims to harvest more state forest plantations in order to reduce harvesting in the natural forest. The idea is to harvest 1,000 ha per year, which could produce 250,000 cubic metres of wood and provide a revenue estimated at R$13 million. The species to be harvested are pine and eucalyptus which were planted in experimental stations and state forests more than 30 years ago. The state has reportedly about 27,000 ha of forest plantations and intends to replanted felled areas.
Indonesia
Domestic log prices per Cu.m Plywood logs Face Logs US$70-80 Core logs US$45-60 Sawlogs (Merantis') US$80-90 Falkata logs US$90-95 Rubberwood US$60-62 Pine US$75-80 Mahoni US$500-515
Peninsula Malaysia
Logs Domestic (SQ ex-log yard) per Cu.m DR Meranti US$180-185 Balau US$165-175 Merbau US$190-200 Rubberwood US$65-68 Keruing US$155-165
Ghana per Cu.m Wawa US$32-38 Odum US$35-175 Ceiba US$27-53 Chenchen US$29-57 Mahogany (Veneer Qual.) US$47-160 Sapele US$47-140 Makore (Veneer Qual.) US$47-140
International Sawnwood
Francophone West Africa Sapele sawnwood prices have yet to respond to the sharply higher log price especially as mills are generally very short of logs in most species. Ayous, Moabi and Makore prices reported as stable, but Movingui sawn is under pressure as the log stocks in France are said to be adequate for the next few months. In contrast Azobe logs are in short supply in Europe and West African producers expect firm and rising prices for Azobe sawnwood and manufactured products. As with logs, demand for Sipo sawnwood is weaker.
FOB per Cu.m Okoume Euro FAS GMS 266 Standard and Better 251 FAS Fixed Sizes 297 Sipo FAS Standard Sizes 640 FAS Fixed Sizes 670 Sapelli FAS 487 Dibtou FAS Standard Sizes 381 FAS Fixed Sizes 412 Iroko FAS GMS 548 Scantlings 487 Strips 274 Khaya FAS GMS 398
Brazil
FOB Belem/Paranagua Ports
Export Sawnwood per Cu.m Mahogany KD FAS FOB UK market no trade Jatoba Green (dressed) US$540 Cambara KD US$450 Asian Market(green) 丂 Guaruba US$243 Angelim pedra US$265 Mandioqueira US$185 Pine (AD) US$120 Malaysia Sawn Timber Export(FOB) per Cu.m White Meranti A & Up US$295-305 Seraya Scantlings (75x125 KD) US$540-550 Sepetir Boards US$175-185 K.Sesendok 25,50mm US$295-305
Ghana
Export lumber, Air Dry FOB FAS 25-100mmx150mm and up 2.4m and up.
FOB Euro per Cu.m Afromosia 855 Asanfina 480 Ceiba 180 Dahoma 300 Edinam 360 Khaya 480 Makore 449 Odum 580 Sapele 480 Wawa 300
Peru
For US Market per Cu.m Mahogany 1C&B, KD 16% Central American market US$1150-1190 Mahogany 1C&B, KD 16% US market US$1170-1190 Walnut 1" Thickness, 6' - 11' length US$620-650
Spanish cedar # 1 C&B, KD 16% US$600-625 Virola 1" to 1 1/2 Thickness, 6' - 8' length, KD US$400-430 Lagarto 2" Thickness, 6' - 8' length US$340-355 Ishpingo 2" Thickness 6' - 8' length US$365-385
Domestic Sawnwood Prices Report from Brazil
Sawnwood (Green ex-mill) Northern Mills per Cu.m Mahogany No sales Ipe US$275 Jatoba US$201 Southern Mills Eucalyptus AD US$100 Pine (KD) First Grade US$131
Report from 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$215-225 Kempas50mm by US$165-175 (75,100&125mm) Rubberwood 25x75x660mm up US$215-220 50-75mm Sq. US$225-235 100mm sq. US$235-245
Ghana
Sawnwood per Cu.m 50x100mm x 4.8m Wawa US$72 Emeri US$120 Dahoma US$144 Redwood US$144 Ofram US$96 50x75mm x 4.8m Dahoma US$160 Redwood US$128 Ofram US$96 Emeri US$115
Peru
per Cu.m Mahogany US$1485-1490 Virola US$180-195 Spanish Cedar US$630 Catahua US$172-177 Tornillo US$347-358
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