| West Africa receives few inquiries ahead of summer holidays |
| 19/06/2009 - 18:01 |
There were no reports of further price changes for logs or
sawn lumber through to mid-June. Markets appear stable
at the present time, with Asian destinations continuing to
be the most reliable and steady buyers. There have been
some recent inquiries from European buyers asking for
sipo, iroko and azobe logs. This is unlikely to result in a
large volume business but could be an indication that
European de-stocking has now resulted in establishing a
basis for new purchases in select species. The same cannot
be said for sawn lumber, although there are some reports
that stocks of the prime, favorite timbers are becoming
less available generally and that gaps in stock are less able
to be filled by inter-merchant trading.
Some European traders now appear to be more optimistic
for their future prospects as we move into the third quarter
but it is unlikely the continental buyers will want to make
any large commitments ahead of the vacation period that
in mainland Europe begins at the end of June.
Unemployment levels are still rising in most countries,
especially in the UK and although house resale prices have
stabilized and stock markets have been rising, the
economic and financial crisis is far from over. In the UK,
the various government schemes for assisting with housing
finance and avoidance of repossessions has not yet trickled
down to implementation on the ground and thus the
housing sector is expected to remain very depressed for
some time. West African exporters believe China has
reversed the trend toward increasing sawn lumber imports
in place of logs as demand and inquiries for sawn lumber
have been low, while log buying has been maintained at a
moderate to stable level. Some West African producers are
considering even further reductions in output of sawn
lumber and downstream components, and even some
temporary mill closures.
As reported at end-May, the market still appears to be
finely balanced and stable, with most of the emphasis on
log business. Exporters consider there will be continued
market stability through to the end of the current quarter.
Central/West Africa
| West Africa logs, FOB |
€ per m³ |
| Asian market |
LM
|
B
|
BC/C
|
| Acajou/ Khaya/N'Gollon |
205
|
205 ⇑
|
153
|
| Ayous/Obéché/Wawa |
190 ⇓
|
190 ⇓
|
145 ⇓
|
| Azobe & Ekki |
195 ⇑
|
195 ⇑
|
|
| Belli |
190 ⇑
|
190 ⇑
|
-
|
| Bibolo/Dibétou |
150 ⇓
|
135 ⇓
|
|
| Bubinga |
533
|
457 ⇓
|
381 ⇓
|
| Iroko |
257
|
250
|
200
|
| Okoume (60% CI, 40% CE, 20% CS) |
158 ⇑
|
-
|
-
|
| Moabi |
270
|
270
|
206
|
| Movingui |
170
|
140 ⇓
|
137
|
| Niove |
137 ⇓
|
137 ⇓
|
-
|
| Okan |
180
|
180
|
122
|
| Padouk |
295 ⇑
|
270 ⇑
|
235 ⇑
|
| Sapele |
225
|
220
|
150
|
| Sipo/Utile |
260 ⇓
|
240 ⇓
|
215
|
| Tali |
220 ⇑
|
220 ⇑
|
114
|
| West Africa sawnwood, FOB |
€ per m³
|
| Ayous |
FAS GMS |
300
|
| Fixed sizes |
360 |
| Okoumé |
FAS GMS |
275 ⇓
|
| Sel. & Bet. GMS Italy |
230 ⇑
|
| Sel. & Bet. fixed sizes |
-
|
| Sipo |
FAS GMS |
500 ⇓
|
| FAS fixed sizes |
545
|
| FAS scantlings |
565 ⇓
|
| Padouk |
FAS GMS |
545
|
| FAS scantlings |
585
|
| Strips |
450
|
| Sapele |
FAS Spanish sizes |
390
|
| FAS scantlings |
460
|
| Iroko |
FAS GMS |
451
|
| Scantlings |
455
|
| Strips |
345
|
| Khaya |
FAS GMS |
380
|
| FAS fixed |
420
|
| Maobi |
FAS GMS |
525
|
| Scantlings |
540
|
| Movingui |
FAS GMS |
300-320
|
|
| (ITTO's Tropical Timber Market Report) |
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| Однотематичні Новини |
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