Central/West Africa: Prices flat all round

Fonte:
ITTO/Fordaq
Vizualizações:
2945
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Overall, producers report no significant change in the market situation as demand remains moderate. Prices of sapelli and sipo, as of mid-October, were weak but despite this there is still no interest from buyers in Europe or China.

However, demand for beli remains firm in the Chinese market. Over the past two weeks there have been reports of an upturn in interest from buyers for the Chinese market.

Importers in India are looking for tali logs but as previously reported, padouk remains out of favour in India and also in Belgium.

Now easier for traders to assess market direction

With very few exceptions prices continue stable as producers are matching output closely to demand levels to avoid any build-up of stocks which could put a downward pressure on prices.

Buyers also are playing the market very carefully seeing no advantage in speculative purchases, being content to import to sufficient to satisfy immediate demand. In this way stocks are kept to a minimum.

This trading pattern is very different from the past style of ‘hand-to-mouth’ buying. Today trends can be more accurately assessed from the comprehensive data on construction and consumption available on line which aids purchase planning.

The immediate concern of both producers and importers is currency volatility triggered first by the decision in the UK to exit the EU and as investors move funds seeking safe havens in these uncertain times.

Not all plain sailing in Duty Free Zone

As previously reported, some Indian companies are interested in setting up processing facilities in Gabon’s Duty Free Zone (DFZ) and log producers report preliminary enquiries for long term supplies of okoume peeler logs.

There have been reports of Indian entrepreneurs considering the building production plants in Congo Brazzaville but deciding against this perhaps because, as suggested by analysts, the quality of okoume logs in Congo Brazzaville is an issue.

Downstream mills that are already producing doors, windows and other joinery in the Gabon DFZ are complaining that taxes and the duties levied on goods for export to the CEMAC countries are far too high.

Manufacturers are beginning to lobby the authorities for a review.

If intra-regional trade is to grow then there is a need for improved infrastructure, harmonisation of duties and customs entry and exit procedures as well as elimination of costly informal tolls.

 

Log Export Prices

West Africa logs, FOB € per m³
Asian market
LM
B
BC/C
Acajou/ Khaya/N’Gollon
230
240
160
Ayous/Obéché/Wawa
260
260
180
Azobe & Ekki
230
230
190
Belli
235
235
Bibolo/Dibétou
150
145
 
Iroko 330
290
260
Okoume (60% CI, 40% CE, 20% CS) (China only) 210 190 160
Moabi 335 305 225
Movingui 210
210
160
Niove
160
160
Okan
250
210
Padouk
300
290
225
Sapele 300 290 220
Sipo/Utile
320
310
255
Tali 310 310

 

Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 410
Bilinga FAS GMS 520
Okoumé FAS GMS
340
Merchantable 270
Std/Btr GMS 290
Sipo FAS GMS
570↓
FAS fixed sizes 570↓
FAS scantlings 590↓
Padouk FAS GMS 865↓
FAS scantlings 930↓
Strips 640↓
Sapele FAS Spanish sizes 540↓
FAS scantlings 540↓
Iroko FAS GMS 600
Scantlings 700
Strips
440
Khaya FAS GMS
450
FAS fixed
460
Maobi FAS GMS
610
Scantlings
630
Movingui FAS GMS
420

 

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