Log Market Rebounded

By CnAgri2013-06-05 11:33:04 Print Though domestic log market went weak for consecutive 2 weeks, the fall rate of log price narrowed significantly. Driven by rebound of imported log, weekly index of log by species stopped declining and rebounded to 138.79 points, up 1.47 points from last week with growth rate of 1.07%.
 
Imported log hit the bottom and rebounded this week, weekly price index reached 137.75 points, up 2.17 points from last week with growth rate of 1.6%. According to monitoring data, sale of imported logs increased 20.88% and turnover volume increased 24.1% this week, playing strong supports to market up. Among representative species, in regard of sale growth rate, the top 3 are iron pigeonpea, shorea and merbau with increasing rate of 63.27%, 42.02% and 28.22% respectively and turnover price of RMB2800/ m³, RMB5130/ m³ and RMB4780/ m³ respectively. What come after are Ganba and Fava-Amargosa with growth rate of 27.53% and 11.9% respectively and turnover price of RMB2120/ m³ and RMB3380/ m³respectively and weekly price index of the latter reached 141.07 points, up 1.45%. Dryobalanops sale declined for consecutive two weeks and decreased 4.42% this week with turnover price of RMB2850/m³. Continuous high price influenced the sale and price index reached 115.52 points, up 1.69%.
 
Sale of domestic logs increased slightly and weekly price index ended with 142.41 points, down 0.32 point with decreasing rate of 0.22% from last week. According to monitoring data, domestic logs market still ran at a low level with sale growth rate of 4.59% and turnover volume of 9.39%. Sale of pinus sylvestris declined 19.28% with turnover price of RMB2100/ m³, weekly price index of 147.36 points, down 2.07%; sale of basswood kept steady with turnover price of RMB4250/ m³ and weekly price index of 175.09 points, down 0.86%; both sale and turnover price of ashtree log increased this week, with the former up 24.32%, the latter up 2.45% with weekly price index of 132.31 points and turnover price of RMB4450/ m³; sale of Xylosma increased 13.3% with weekly price index of 136.61 points, up 1.19% and turnover price of RMB4600/m³.

From “China Wood Market Monthly Report”