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

Fonte:
ITTO/Fordaq
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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.

Chinese New Year is early this year beginning 8 February and, while it is unlikely that trade levels can drop any lower, there will be the usual absence of buyers in the market.

Analysts are of the opinion that, with Chinese New Year just around the corner, buyers for the Chinese market have no incentive to resume purchases ahead of the celebrations and long vacation.

Perhaps the best prospects for a resumption of buying for the Chinese market will be in the second quarter but so much depends on importers and merchants in China being able to move their current high stocks. However, there is little sign of growth in China’s real estate sector which weakened significantly in late 2015.

Producers are hoping that the modest but steady expansion of demand in Europe will continue in 2016 as this has underpinned price stability, even through the volumes being purchased are not large in terms of EU total hardwood consumption.

New log export restrictions welcomed by domestic millers

Cameroon sawnwood exports performed particularly well in 2015 and new log export restrictions are aimed at reserving premium species for domestic processing. This is a relief to sawmillers who are complaining of a tight log supply for the most favoured export timbers.

High levels of logging by ‘informal sector’ in Gabon

Reports from Gabon suggest some officials are still being investigated over illegal exports of kevazingo/bubinga and now some concession holders have expressed concern over the high levels of logging in the ‘informal sector’ which will be difficult for the forest authorities to control.

COP21 - re-assessment of conservation and reforestation policies likely

The recent climate change meetings in Paris have influenced governments in the region to begin reassessment of their conservation and reforestation policies say analysts and new domestic initiatives on climate change and forestry are anticipated in the coming months.

Log Export Prices

West Africa logs, FOB € per m³
Asian market
LM
B
BC/C
Acajou/ Khaya/N'Gollon
230
230
160
Ayous/Obéché/Wawa
260
260
180
Azobe & Ekki
230
230
160
Belli
250
250
-
Bibolo/Dibétou
150
145
 
Iroko 330
290
260
Okoume (60% CI, 40% CE, 20% CS) (China only) 200
200
160
Moabi 335 305 225
Movingui 210
210
160
Niove
160
160
-
Okan
250
250
-
Padouk
310
285
225
Sapele 305
305
220
Sipo/Utile
345
340
265
Tali 320 320
-

                                                                                                                                               

Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 410
Bilinga FAS GMS 500
Okoumé FAS GMS
350
Merchantable 225
Std/Btr GMS 270
Sipo FAS GMS
610
FAS fixed sizes 610
FAS scantlings 640
Padouk FAS GMS 1010
FAS scantlings 1000
Strips 680
Sapele FAS Spanish sizes 610
FAS scantlings 620
Iroko FAS GMS 610
Scantlings 690
Strips
440
Khaya FAS GMS
450
FAS fixed
460
Maobi FAS GMS
610
Scantlings
630
Movingui FAS GMS
420
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