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 June 2015

Top story

Brazilian wood product exports increase in the first quarter


Brazilian timber exports expanded 20% between January and April this year. The rise was mainly due to the effect of the weaker currency against the US dollar and because producers actively sought export markets in the face of weak domestic consumption.
 
ABIMCI has said while a recovery in US demand helped it will not be enough to sustain overall output because domestic consumption is falling fast.

 

Also in this issue

  • Mills in West Africa lowering production to match slow demand
  • Sarawak log harvests down in first four months
  • Infrastructure status for housing sector pushed by Indian MPs
  • China begins exports via the Eurasian Land Bridge
  • 19% increase in EU imports of tropical hardwood plywood         
  • Vietnam becoming major flooring supplier to US
  • Lumber Liquidators suspends sales of laminate flooring from China

Data snapshot

Short-lived revival of log prices



 

Towards the end of last year West African producers were optimistic of improved demand for logs. Firming demand for okoume from buyers in China had provided an opportunity to slowly move prices in a positive direction.

At around the same time as demand for okoume began to pick up there was an unexpected interest in sapele both in China and in some EU member states and this, along with availability issues in west Africa provided a foundation for stable sapele prices.

But, optimism soon faded as buyers of okoume for the Chinese market cut back on purchases because of a build-up og okoume log stock in China. Adding to the concerns of producers was the abrupt weakening of sapele prices such that recent price gains were wiped out by April.
 
This is 6.8 percent above the revised March rate of 484,000 and is 26 percent above that in April 2014.
 

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