Market Information Service

Towards greater transparency in the tropical timber markets

The ITTO Tropical Timber Market (TTM) Report, an output of the ITTO Market Information Service (MIS), is published in English every two weeks with the aim of improving transparency in the international tropical timber market. The TTM provides market trends and trade news from around the world, as well as indicative prices for over 400 tropical timber and added-value products.


 

 

1-15 April 2016

Top story

Large Malaysian ply-mill to cut shipments to Japan


Shing Yang, a major supplier of plywood will temporarily stop shipping concrete formboard to Japan.
The Japan Lumber Reports quotes the president of Shing Yang saying production for the Japanese market will be cut in an effort to bring inventories of imported plywood down.
 
Demand for imported plywood in Japan weakened beginning in August last year and FOB prices have been falling.

Also in this issue

  • Sawn bubinga stocks may be licensed for export              
  • Forest Research Institute of Malaysia to expand support to industry
  • Indonesia to re-evaluate SVLK exemptions
  • More calls for logging ban in Myanmar
  • Australian red cedar has guaranteed market in Brazil
  • Main tropical producer countries extend their market dominance in the EU
  • but
  • Challenges remain despite rising tropical timber imports          
  • World’s tallest wood building under construction in Canada  
 

Data snapshot

Unprecedented price stability



Data source: Nigeria National Bureau of Statistics

A new experience – price stability

The ‘new normal’ of unchanged price structures for both African logs and sawnwood has become a familiar pattern. FOB prices have barely moved since the middle of 2015 marking one of the longest periods of stability producers have experienced in recent years. The careful adjustment of output by millers in West and Central Africa has paid off to balance supply and demand.
 

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