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Japan Wood Products Prices

1-15th July 2008

Japan Wood Products Prices

Dollar Exchange Rates of  15th July  2008

Japan Yen 104.78

Reports From Japan

Tokyo traders see downturn in markets
The Japan Lumber Journal reported that traders have seen
a slowing market and no improvements in cargo
transactions. Since the start of the rainy season in Japan,
the outlook has been that markets are performing worse
than before, even though they were expected to recover in
the summer months.

Japan Lumber Reports said production of Southsea logs
rose after May and seems to have returned to normal. Log
suppliers in Malaysia have been bullish, since there is
local market demand. However, Japanese demand is still
sluggish. It is also expected that Sarawak will revise its
quota system, to give more flexibility for exports.

Shipments of Yunshan cedar items in China have been
suspended due to the recent earthquake in the region. 

Plywood supply rises while housing starts fall
Japan Lumber Reports indicated that plywood imports
increased during May 2008, largely due to the sudden
appreciation of the Japanese yen. The volume of plywood
imports in May 2008 (Figure 1) rose 9.4.8% since April
2008, but showed a year-on-year decrease of 12%.
Nevertheless, demand was expected to stay low and
supply would stay tight, with prices rising.

For housing starts (Figure 2), figures for May 2008
showed a 6.5% fall from May 2007 levels.




LM        Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS         Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR            French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Plywood grades. Letter(s) on the left indicate face veneer(s), those on the right backing veneer(s). Veneer grade decreases in order B, BB, C, CC, etc. MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF         Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot  PHND             Pin hole no defect grade
Hoppus ton     1.8 cubic metres              Price has moved up or down

Source: ITTO'  Tropical Timber Market Report

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