US Dollar Exchange Rates of
China Yuan 6.4789
Report from China
Standards for forestry biomass materials announced
The State Forestry and Grassland Administration has
approved three industrial Standards for forest biomass
materials as recommended by the National Technical
Committee of Forestry Biomass Materials:
Classification and Grade Classification of Woodplastic
Composite Material (LY/T 3274-2021)
Wood-plastic Composite Wood Panel for
Outdoor Use (LY/T 3275-2021)
Jute Fiber Composite Wood Panels for Interior
Decoration (LY/T 3276-2021)
These industrial standards will come into force on 1
Growth in bamboo product exports
China is the main global bamboo product exporter and
exports are far higher than imports. The volume of China¡¯s
bamboo exports was rising until 2018 then in 2019 exports
declined but began a recovery in 2020.
The bamboo products industries are varied and have a
economic, environmental and unique cultural value. The
Chinese government has been supporting the development
of the bamboo industry for many years.
In 2013 a development plan for the national bamboo
industry was formulated with a goal to establish 1 million
hectares of additional bamboo resources which would
have an estimated output value of US$48 billion.
Currently there are more than 5 million hectares of
bamboo forests and they are mainly distributed in Fujian,
Jiangxi and Zhejiang Provinces.
The output from China¡¯s bamboo forests increased to
billion pieces in 2020 from 2.51 billion pieces in 2016.
According to the forecast by the China Business
Information Network (https://www.askci.com/) the output
of bamboo forests in China is expected to reach 4.1 billion
pieces in 2021.
In addition to the economic benefits, bamboo home
furnishing also supports the ¡°green¡± objectives of the
government, businesses and consumers. With the gradual
development of economy both the government and
consumers have higher requirements for environmental
integrity. The environmental credentials of products is a
feature of consumer purchasing.
Growth in timber shipments through Xinmingzhou Port
Xinminzhou Port, in Zhenjiang City, Jiangsu Province is
the largest single port for timber imports and it has been
reported that the port has been operating at full capacity all
this year. The port handled imports of 1.65 million cubic
metres in the first 5 months of this year, about 20% higher
than in the same period in 2020.
Timber prices, especially for US timbers, have been very
volatile since the start of the year. After rising for several
months US lumber futures fell sharply from late May. The
high price of US timber pushed prices for other species.
The price for imported eucalyptus is currently RMB800
and RMB950 per cubic metre around RMB120 to
RMB150 per cubic metre down from its high in early