Central/West Africa: Favourable outlook for second half of the year

Fonte:
ITTO
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The demand for sapele logs and sawnwood remains firm and prices continue to climb. Over the past two weeks prices for sawn moabi and movingui have also shown signs of firming on the back of active buying for the French market.

Prices for sipo, the other favourite at the moment, remains firm but has probably reached its ceiling for the time being. The pace of shipments of the higher sawnwood grades depends mainly on demand in the European markets and producers are anticipating active purchases when buyers in the EU return to work after the holidays and begin to consider their autumn and winter imports.

Producer sentiment is more confident now than a year ago as the outlook for the economy and housing growth in the major markets such as Germany, UK and France has improved.

Log Export Prices

West Africa logs, FOB € per m³
Asian market
LM
B
BC/C
Acajou/ Khaya/N'Gollon
220
220
155
Ayous/Obéché/Wawa
230
230
150
Azobe & Ekki
235
230
150
Belli
290
290
-
Bibolo/Dibétou
150
145
 
Iroko 330
290
260
Okoume (60% CI, 40% CE, 20% CS) (China only) 340 340 260
Moabi 320 300 -
Movingui 220
220
180
Niove
160
155
-
Okan
280
280
-
Padouk
300
275
210
Sapele 340 340 240
Sipo/Utile
360
360
220
Tali 315 315
-

                                                                                                                                              Sawnwood Export Prices

West Africa sawnwood, FOB
€ per m³
Ayous FAS GMS 350
Bilinga FAS GMS 520
Okoumé FAS GMS
480
Merchantable 275
Std/Btr GMS 350
Sipo FAS GMS
660
FAS fixed sizes 660
FAS scantlings 670
Padouk FAS GMS 820
FAS scantlings 870
Strips 500
Sapele FAS Spanish sizes 660
FAS scantlings 670
Iroko FAS GMS 620
Scantlings 695
Strips
440
Khaya FAS GMS
450
FAS fixed
470
Maobi FAS GMS
580
Scantlings
560
Movingui FAS GMS
420
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