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China Wood Products Price and Market Reports
16 – 30th Jun

US Dollar Exchange Rates of  25th  Jun 2023
China Yuan
Report from China

 Investment in real estate development
From January to Mayinvestment in real estate development totalled yuan 4,570.1 billion, a year-on-year decline of 7%. Investment in residential buildings was down 6.4%. In May the national real estate climate index was 94.56. China’s massive property sector is still struggling to turn around despite signs of recovery earlier this year.

The government has eased its pressure on real estate developers over the past 12 months following a crackdown in August 2020 due to their debt levels. The property sector and related industries account for more than a quarter of China’s economy and home construction is a major driver of demand for wood products.


International wood trading centre in Dalian
At the recent International Forest Products Summit Forum held in Dalian the Dalian International Forest Products Trading Center was officially launched. The trading centre offers spot trading of forest products such as bulk imported timber, wood products and forest food and will also form a joint futures and spot trading system within the Dalian Commodity Exchange. This will provide a convenient and efficient platform for the international trade in Dalian forest products.

The trading centre signed a cooperation framework agreement with Zhuanghe Xingang Terminal Co., LTD on warehousing, delivery, supervision and an offline supply chain system. The two sides will also jointly stock imported wood products and promote these to the domestic wood trade and processing enterprises.

In related news, the first China (Dalian) International Forest Products Import and Export Expo recently opened in the Dalian Free Trade Zone International Convention and Exhibition Center.

The Expo include Japanese and South Korean booths, Southeast Asian exhibition booths, European booths, Russia, Canada and Australia booths and an industrial cluster area attracting well-known forest products companies and professional exhibitors from all over the world.

The exhibition covered a wide range of products, including logs, sawnwood, wood panels, semi-finished products and finished products, furniture and custom furniture and bamboo products.

Dalian functions as a major international shipping centre, international logistics centre and international trade centre. The official launch of the trading center boosted the message from the International Forest Products Summit and the opening of the International Forest Products Import and Export Expo.


National programme on green building materials for rural areas
During a ‘Green Building Materials Industry Development Forum’ held in Suqian City, Jiangsu Province a ceremony launching the 2023 project on national green building materials for rural areas was held. In March this year the government decided to further promote green building materials for consumption in rural areas and Jiangsu was a pilot area.

At the same Forum 70 Jiangsu enterprises were awarded the title of "Green Building Materials Promotion Enterprise" and 24 enterprises signed agreements for projects. The Jiangsu Provincial government will focus on the "Jiangsu Year" activities which will included a green building materials tour of the province, special events and online trading and public welfare.

A green building materials development exchange promotion conference and a 2023 energy saving Expo and other large-scale exhibition for a low carbon life are planned.

Beihai Port provides convenient access to SE. Asia
The cross-border industrial chain developed in Beihai involves assembly in Vietnam and sales to international markets and this has increased the annual output of enterprises in the region.

Beihai Port's location provides convenient sea access to Southeast Asia being close to rich local forest resources it has attracted a number of wood processing enterprises, and a concentration of processing activities.

Hepu Wujia Town Industrial Park became the first forest industry demonstration zone in Guangxi Zhuang Autonomous Region in December 2021 with an output value of RMB3.092 billion in 2022. At present it has more than 20 wood processing enterprises mainly targeting overseas markets for plywood and advanced wood panels.

The aim is to achieve a Guangxi's RMB 1 trillion forest. Beihai Customs has formulated "one industry, one enterprise, one policy" assistance measures and problem solving mechanism. It also conducts studies on wood processing enterprises and provides a full range of Customs services.


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