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China Wood Products Price and Market Reports
01 – 15th Jun

US Dollar Exchange Rates of  10th  Jun 2023
China Yuan
Report from China

 Anti-dumping and countervailing duties to remain
As a result of the determinations by the US Department of Commerce and the US International Trade Commission in their five-year sunset reviews that revocation of the anti-dumping duty and countervailing duty orders on certain hardwood plywood products from China would likely lead to the continuation or recurrence of dumping and subsidies creating material injury to industries in the United States.

As a result of the ITC's decision existing tariffs on imports of hardwood plywood from China will remain in effect. The move falls under the five-year (sunset) review process required in the Uruguay Round Agreements Act. U.S. Customs and Border Protection will continue to collect AD and CVD cash deposits at the rates in effect at the time of entry for all imports of subject merchandise.

The effective date of the continuation of the Orders was May 25, 2023. Pursuant to section 751(c)(2) of the Act and 19 CFR 351.218(c)(2) Commerce intends to initiate the next five-year reviews of the Orders not later than 30 days prior to the fifth anniversary of the effective date of continuation.


The current tariffs on plywood from China, many of which exceed 200%, will remain in place for at least another five years.

US to impose a tax on plywood from Vietnam containing Chinese core panels
According to the Trade Remedy Bureau of the Ministry of Industry and Trade of Vietnam, the US Department of Commerce (DOC) continues to extend the time for the final conclusion of the anti-tax evasion and anti-dumping investigation on plywood using hardwood material imported from Vietnam.

The US Department of Commerce will issue its final conclusions on July 14, 2023. This is the eighth time the Commerce Department has delayed issuing its final conclusion.

Previously, the US Department of Commerce announced the preliminary conclusion of the case in July 2022, saying that if the wood panel inside the Vietnamese hardwood plywood was imported from China it will impose anti-dumping and countervailing duties on the plywood.

According to the Trade Remedy Administration of Vietnam the temporary tax rate could be as high as 378.26%. However, the US Commerce Department allowed Vietnamese companies cooperating with the investigation to self-certify that they do not use Chinese materials to avoid being subject to the measures.

Statistics show that the exports of enterprises participating in self-certification accounted for about 80% of Vietnam's exports during the survey period.

Resumption of imports of Australian timber
It has been reported that China has resumed imports of Australian timber. Australia's timber trade with China was halted in late 2020 after China said it had found pests in timber coming from several Australian ports.

Data show that in 2022 Australia's timber exports to China were worth RMB42.32 million compared with RMB4.13 billion in 2019 before the ban was implemented.

In an effort to get back into the Chinese market Australian officials petitioned China to resume trade and presented evidence of pesticide spraying on logs to Chinese Customs authorities. But China did not respond. The ban showed no sign of easing until 2023.

In March 2023 Chinese Customs sent Australian agriculture officials a list of technical rules that must be met to resume timber imports.In May the Australian Trade Minister, Stephen Farrel, arrived in Beijing for a three-day visit. During the talks the two sides agreed to restart economic and trade dialogue mechanisms such as the Joint Committee on Free Trade Agreement and the High-level Trade Remedy Dialogue. In May China announced the resumption of timber imports from Australia.

Encouraging water-saving in wood products enterprises
China is working on a national standard for water-saving in wood processing enterprises. The preparation group for "Water-saving Enterprises in Wood Processing and Its Products Industry" was established and the first working meeting was held recently.

The project implementation period is from March 2023 to September 2024. A draft of standard has been completed, the work plan has been formulated and the implementation period has been clarified. After the meeting industry trials will be carried out and the participating units will be recruited to further improve the technical content of the standard.

The national standard "Water-saving Enterprises in Wood Processing and Its Products Industry" provides the terms and definitions, evaluation index system and requirements of the evaluation of water-saving enterprises in the wood processing and products industry and the standard is applicable to the evaluation of water-saving enterprises in the wood processing and products industry.

The list of products includes wood processing (sawnwood, veneer, wood chips, wood-based panel manufacturing (plywood, fiberboard, particleboard, veneer, etc.), wood products (wood doors and windows, wooden stairs, wooden floors, wooden containers, wood building materials and cork products).

National standards on wood products officially implemented
Seven national standards on wood products have been formally implemented since May 1, 2023. All release dates for 7 national standards is on 12 October 2022. These standards are as below.

Wooden door enterprises turn to whole-house customisation
Jiangshan City in Guangdong Province is the distribution centre for China’s wooden doors and is known as the home of custom made wood products, a quality and safety demonstration zone and an intelligent manufacturing pilot demonstration facility.

At present, Jiangshan City has more than 1,000 door enterprises (whole house customisation) and supporting enterprises of which 125 enterprises create more than RMB20 million annual income, 17 enterprises above RMB100 million, 18 national level high-tech enterprises, several large scale door enterprises (whole house customisation) creating more than RMB10 billion annual income.

In recent years, due to the impact of the pandemic and the economic downturn in the real estate market the wooden door industry across the country has suffered. Jiangshan City has taken the initiative to promote 'a door' to 'a room' and 'a suite'.

GTI Index Report (May 2023)
Weak international demand led to a decline in prices for some raw materials. In May 2023, under the influence of shrinking domestic and international demand, the upward Global Timber Index GTI- China Index trend in the number of orders for GTI-China enterprises, which had lasted for three months, reversed.

In May the GTI-China enterprises experienced a slight decrease in orders compared to the previous month and there was an increase in inventories of main raw materials and finished products while the purchase prices of raw materials has continued to decline for 3 consecutive months.

The GTI-China enterprises reported challenges such as a long waiting period for raw material deliveries and unstable sources of supply. In May the GTI-China index recorded 35.3%, a decrease compared to that of the previous month and it was the first time in the past three months that the GTI-China index fell below the critical value (50%), indicating that the business prosperity of the timber enterprises represented by the GTI-China index had shrunk from April.

GGSC enterprises in China reported the following for May:

Products in Short Supply: Mahogany, Oak, High-Grade European Oak.

Commodities with Price Increase in this Period: Solid Wood, Engineered Wood, Particle Board, Melamine Impregnated Paper, Paraffin, Formaldehyde-Free Adhesive, Waterproofing Agent, Adhesives, Leather.

Commodities with Price Decrease in this Period: South American Timber, European Timber, Russian Timber, Poplar, Base Materials of Joinery Board, Flooring Blank, Mixed Wood, Fir Wood Lath, Urea, Melamine, Methanol, Formaldehyde, Metals, Paint, Paper Board, Glue, Kraft Paper.

Main Challenges Reported by GTI-China Enterprises: Long procurement period, unstable sources of supply and scarcity of oak materials.




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  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF         Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot               Price has moved up or down

Source:ITTO'  Tropical Timber Market Report