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Feb 2016

Central/West Africa: Log prices remain stable but volumes are small

Producers in West and Central Africa report that international demand is generally dull but, for the small volumes traded, prices are still holding at late 2015 levels. Having said that, small volumes of okoume veneer logs have changed hands at prices previously seen for peeler logs. Producers also report some business in belli and okan log exports but volumes are small [Mais... ]

Central/West Africa: Slow rise in EU demand anticipated

For the first time this year minor sawnwood price movements have been reported in Central/West Africa, otherwise most markets are quiet and prices remain unchanged [Mais... ]

Jan 2016

Central/West Africa: Little change in log and sawnwood prices expected in the first quarter

West Africa log and sawnwood prices remained unchanged through late December and into the first half of January. Producers in the region expect little, if any, change in price structures during the first quarter of the year [Mais... ]

Nov 2015

Central/West Africa: Log and sawnwood prices in October

In the two weeks to the end of October Central and West African FOB prices remain largely unchanged with just one or two minor adjustments reflecting the slow demand in China. While demand from European buyers is, at best, moderate it is sufficient to provide a firm base for the current price levels [Mais... ]

Oct 2015

Central/West Africa: Improving export volumes and prices in EU

African exporters find their European business has been improving in terms of both volume and price signaling a solid foundation to demand. For the past two or three years EU importers have very carefully managed stock levels of tropical timbers but as the economies in some EU member states improve there has been an increase in timber consumption for infrastructure projects, housing and renovation works which encouraged importers to expand stock levels [Mais... ]

Central/West Africa: EU markets underpinning price stability

Producers report that demand in European markets is firm and prices are stable and that this is assisting them in maintaining price levels in other markets. Demand for okoume logs and sawnwood for the Chinese market is slow and prices have not recovered. FOB prices for okan and sapele are also under pressure as demand slows but for most of the other timbers prices are stable. [Mais... ]

Sep 2015

Central/West Africa: Demand from China dries-up

There were no price changes in the second half of August and Central and West African producers report that while overall demand is holding up, what little demand there was from buyers for the Chinese market has now dried–up. In China demand for okoume logs and sawnwood has collapsed and even demand for the „redwood‟ timbers is extremely slow. [Mais... ]

Central/West Africa: Market prospects hinge on Chinese economy

Prices for the majority of West African timbers have been maintained for some time now but there are some signs of weakness in log prices. Trade with Chinese importers is still at a low level and whilst there are now some reassuring moves by the Chinese government to bring stability to the economy the impact of the current fall in demand will take time to trickle down to the timber trade. Currently, Chinese traders are trying to reduce landed stocks of log and sawnwood before [Mais... ]

Aug 2015

Central/West Africa: Log prices held up only by reduced availability

While West African markets for sawnwood have shown some life, the log market continues to be dull with no sign of any major resurgence in demand from China. What little business can be generated with China revolves around a few select species. There is still no interest from Chinese buyers for okoume logs [Mais... ]

Jul 2015

Central/West Africa: Minor price changes but focus is on change in China

A few minor price movements were reported in the first week of July but most log and sawnwood prices remain unchanged because of only moderate demand in the main markets. Of major concern to West African exporters was the rapid collapse of stock values in China and the impact this could have on domestic consumption. A large volume of equities in China are in the hands of small investors many of whom have borrowed heavily to buy stocks. Coming on top of the recent weakening in property prices in China it is expected that this latest shock will undermine Chinese consumer confidence and that spending will decline [Mais... ]

Jun 2015

Central/West Africa: Demand for high-end species lifts prices

In contrast to the rather unexceptional demand over the past month producers now report that market conditions have changed. On the one hand, stronger demand for highend species for which availability is limited has lifted prices, conversely there is a downward pressure on prices for other, mainly lower end species, driven by tough competition in the market [Mais... ]

Mills in West Africa lowering production to match slow demand

Log and sawnwood prices are unchanged in from those reported at the end of May as demand in western international markets is very slow. Sawmills in the region are reported to be either cutting back on production or temporarily ceasing operations in an effort to match output with current levels of demand [Mais... ]

May 2015

Central/West Africa: Tight supply underpins log prices

In contrast to the slight fluctuations in sawnwood prices log prices have hardly been affected in the first months of the year. While demand is soft in the Chinese market producers say buyers are not pressuring for price reductions in the realisation that availability is an issue. Forest authorities through-out West and Central African countries have strengthened control of harvest levels and this, along with news of the tight log supply situation in SE Asia, is serving to support log prices. Middle East markets continue to be very price conscious [Mais... ]

Log and sawnwood prices in Central/West Africa

West African producers report that demand levels remain only moderate with buyers concentrating on the most popular species. Sapele is back in demand and this has encouraged a rise in production but millers are careful to balance production with demand so as not to over produce and risk weakening prices [Mais... ]

Apr 2015

Central/West Africa: Sentiment improves as buyers slowly return

African producers report a slow but steady improvement in demand that has lifted sentiment and brought some stability back to the trade. With the exception of the continued weakness in prices for sapele and okoume, prices for other timbers which had eased in recent weeks are now holding firm such that it appears the downward trend in prices has come to a halt [Mais... ]

Mar 2015

Current log and sawnwood prices in Central/West Africa

West and Central African producers now depend on the market in China where, recently, there have been mixed signals on the strength of the construction and housing sectors [Mais... ]

Central/West Africa: Market prices close to a turning point

West African producers note the quiet market conditions and general absence of buyers but say this has not led to an across the board weakening of prices although the downward pressure on prices for sipo and sapele sawnwood continues [Mais... ]

Feb 2015

Central/West Africa: Latest log and sawnwood prices

With Chinese New Year falling on 19 February producers report the activity of buyers has slowed and markets are quiet. With so much of the trade being conducted with Asian countries the impact of the lunar holiday is very noticeable [Mais... ]

Oct 2014

Africa: EU demand unlikely to expand in final quarter

Producers are satisfied with the current order book positions and consider these as about normal levels for this time of year. They are now more confident about log supplies and have indicated they could meet any increase in demand from EU buyers should they begin to restock. However, producers are not expecting any significant change in the flow of orders from Europe. The Ukraine conflict and sanctions on Russia are beginning to weaken the economies of some EU member states, particularly Germany and France, compounding the impact of the depressed construction sector in many EU member states... [Mais... ]

Sep 2014

Central/West Africa: Producers content with current prices in EU markets

European buyers have not yet resumed purchasing after the summer vacation period but, with the economies in the main markets in the EU looking more positive W. African producers are convinced they will see sustained business through to year end... [Mais... ]

Central/West Africa: European buyers stay on the side lines

Producers in West Africa report that the rather quiet but sustained demand continues with new orders flowing at a steady but unchanged pace. European buyers have not yet returned in any strength to negotiate contracts for the fourth quarter. This is a slower resumption of the autumn and winter round of purchases... [Mais... ]

Jun 2014

Central/West Africa: Improved prices now well established

The upward movement in prices for the premium species continued into the first weeks of June and the new prices levels seem well established. Producers have been emphasising that they are currently close to the maximum log production limit in their government approved forest management plans and that it will be almost impossible to increase output any further... [Mais... ]

May 2014

Central/West Africa: Producers anticipate firmer prices for ‘redwoods’

Recent price rises for the most frequently demanded timbers have been consolidated as demand is now as firmer, a term that has not been used by producers in the region for several years. Producers are convinced from current developments that demand will remain firm stretching into the third quarter of the year... [Mais... ]

Central/West Africa: Demand improves; log prices move higher

At present there are two main drivers of log prices one is the firming demand for sawnwood in major markets the other the limited availability of the prime species... [Mais... ]

Mar 2014

Central/West Africa: Just a few popular timbers dominating the trade

While West and Central African exporters report good order book positions, demand levels are flat providing no opportunity for price increases. Analysts say there is little chance of a significant change in the second quarter as European demand has not picked up to any notable extent in spite of a generally mild winter which allowed construction companies to continue working... [Mais... ]