The U.S. Census Bureau and the Department of Housing and Urban Development have jointly announced the following new residential construction statistics for January 2014.
Building permits
Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 937,000. This is 5.4 percent below the revised December rate of 991,000, but is 2.4 percent above the January 2013 estimate of 915,000. Single-family authorizations in January were at a rate of 602,000; this is 1.3 percent below the revised December figure of 610,000. Authorizations of units in buildings with five units or more were at a rate of 309,000 in January.
Housing Starts
Privately-owned housing starts in January were at a seasonally adjusted annual rate of 880,000. This is 16.0 percent below the revised December estimate of 1,048,000 and is 2.0 percent below the January 2013 rate of 898,000.
Single-family housing starts in January were at a rate of 573,000; this is 15.9 percent below the revised December figure of 681,000. The January rate for units in buildings with five units or more was 300,000.
Housing completions
Privately-owned housing completions in January were at a seasonally adjusted annual rate of 814,000. This is 4.6 percent above the revised December estimate of 778,000 and is 13. 1 percent above the January 2013 rate of 720,000. Single-family housing completions in January were at a rate of 580,000; this is 3.0 percent above the revised December rate of 563,000. The January rate for units in buildings with five units or more was 220,000.
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Stora Enso closes sawmill in Austria
Stora Enso plans to permanent close the Sollenau sawmill in Austria, the company announced in a press release issued today. The planned closure of Sollenau sawmill will affect up to 125 employees and generate annual savings of up to EUR 7 million from the second quarter of 2014 onwards, says the company.
Stora Enso is now initiating negotiations with employee representatives regarding the social plan. Sollenau sawmill’s customers will be served from Stora Enso’s other mills in Austria and the Czech Republic.
It is planned to shut down the saw line permanently at the end of the first quarter of 2014. Stora Enso also has beam and planer production lines at Sollenau that are planned to be permanently shut down in the second quarter of 2015. The sawmill has an annual production capacity of 400 000 m3.
Stora Enso will record a restructuring provision and fixed asset write-down as a non-recurring item related to the planned closure with a negative impact of approximately EUR 10 million on operating profit in its first quarter 2014 results.
Demand for wood pellets still huge in Europe
EU's renewable energy policies have led to major changes in the European wood industry. The conversion of major power plants from coal to biomass, as well as the intensive promotion of using biomass in the heating sector, have generated a huge wood pellets demand in Europe.
European companies have largely invested in building pellet plants in the United States to satisfy the increasingly domestic demand. Of course, there are some environmental issues: NGO's, industry analysts or US government officials have complained that the US is destroying its forests to ''fuel'' the European Union renewable energy projects.
Nevertheless, the booming demand is still ongoing: from the latest statistics released by Eurostat we can notice that from January to November 2013, EU's pellet imports have surged, in quantity, by 36 percent. In value, the increase is almost the same (37%), reaching EUR 1,52 billion in the first eleven months of 2013. In the same period mentioned, imports of pellets from the US grew by no more than 65%, while those from Canada by 54%.
In terms of market shares, the situation is quite surprising, as imports from North America are now just close to those from the EU (intra-EU trade): of the overall EU wood pellets imports, in January-November 2013, 43,8% came from the Member countries and 42,6% from N. America.
As for major European importers, UK is clearly leading the way, with an overall 31,2 percent from the total EU demand. Moreover, from January to November 2013, the UK imports rose 175% yoy, up to 3,16 million tons of pellets, from which 2,82 million tons came from N. America.
On the other hand, for 2014, the UK imports of wood pellets are projected to drastically decrease. The RWE-Innogy closure of its power plant at Tilbury will probably reduce UK's total demand by more than one third. The Tilbury power plant had an annual pellet consumption of 1,3 million tons. However, this can be compensated by Drax's coal-biomass conversion plans: the company successfully converted one unit of its power plant in April and aims to become a predominantly biomass generator by 2016.
| TOP 10 Origins
Wood pellets imported by EU (in tons ) |
Jan.-Nov. 2012 | Jan.-Nov. 2013 | Change in % |
| USA | 1,531,655 | 2,528,441 | 65% |
| Canada | 1,160,608 | 1,792,814 | 54% |
| Latvia | 652,391 | 937,256 | 44% |
| Russia | 593,547 | 648,481 | 9% |
| Estonia | 350,299 | 530,729 | 52% |
| Portugal | 344,741 | 469,747 | 36% |
| Germany | 470,822 | 417,659 | -11% |
| Austria | 332,905 | 368,829 | 11% |
| Romania | 193,483 | 311,929 | 61% |
| Lithuania | 152,615 | 172,073 | 13% |
| Others | 1,669,474 | 1,963,499 | 17% |
| Total | 7,452,540 | 10,141,457 | 36% |
Klausner’s sawmill plans in US underway
According to Bloomberg, Klausner's plans to build a huge sawmill in Rowesville (South Carolina, US) are ongoing and are expected to be finalized by the end of the year.
Klausner plans with its plant are in progress for some time: a public hearing was held in December 2012 for environmental issues, with Klausner receiving the permit in January 2013. Moreover, the Orangeburg County Council approved Klausner the ability to purchase additional property in the area of the sawmill for further economic development, says Bloomberg.
"We are still working with the county to finalize all the development agreements," said Thomas Mende, Klausner Holding USA president of international business development. "There are a number of agreements that need to be executed and, hopefully, we will have this done by the end of the month," Mende said. "All that is subject to county approval," Mende added.
The Klausner sawmill will have an annual outpout of 700 million board feet (approximately 1,65 million cubic metres) of dried lumber and by-products, such as bark, wood chips, sawdust and dry shavings. The company's property covers nearly 442 hectares, and now the county gave an option to Klausner to buy an extra 17 hectares from a different owner.
Already, some are opposing to the Klausner huge sawmill project, saying that it is likely that the state's forests will not be able to cover such a large mill.
Latvian forestry products exports up 10%
The total value of Latvian forest industry exports reached EUR 1.875 billion in 2013, a 10% increase on 2012 when forest industry exports totaled EUR 1.704 billion, says Baltic Course quoting official statistics from the Latvian Agriculture Ministry's Forest Department.
Timber exports amounted EUR 1.613 billion in 2013, representing a 10.1% increase over 2012.
Latvia's main destinations for its wood products were the UK (13% share and EUR 243.607 value of exports), followed by Sweden (11% share and EUR 220.896 million) and Germany with an 11% share and an export value of EUR 220.673 million.
Latvian wood products imports totaled EUR 590.554 million in 2013, 17.9% more than in 2012 (EUR 500.736 million), Baltic Course reports. Latvia imported mainly from Lithuania (20.7%), Poland (13.1%) and Estonia (11.5%).
Louisiana-Pacific almost doubles operating income
For the year ended December 31, 2013, Louisiana Pacific Corporation (LP) reported net sales of $2.1 billion compared to $1.7 billion in 2012. For the year ended 2013, the company registered an operating income of $203 million compared to $104 million in 2012.
For 2013, LP's income from continuing operations was $177 million compared to $30 million for 2012. Adjusted EBITDA from continuing operations for the year was $330 million compared to $200 million for 2012.
For the quarter ended December 31, 2013, Louisiana Pacific posted net sales of $480 million, up from $454 million in the 4thQ of 2012. For the quarter, the company reported an operating loss of $22 million as compared to operating income of $47 million in 2012.
In the 4thQ of 2013, LP reported loss from continuing operations of $19 million compared to income of $49 million for the fourth quarter of 2012. Adjusted EBITDA from continuing operations was $24 million compared to $71 million in the same quarter of 2012.
OSB segment
LP's OSB segment reported net sales for the fourth quarter of 2013 of $230 million, down 5 percent compared to $243 million of net sales in the same period of 2012. For the quarter, the OSB segment's operating profit was $7 million versus $58 million in the fourth quarter of 2012.
For the full year, LP's OSB segment recorded sales of $1 billion, up 31 percent from the prior year and had operating income of $230 million compared to $124 million in 2012.
Engineered wood products segment (EWP)
The Louisiana Pacific EWP segment is comprised of LP SolidStart® I-Joist (IJ), Laminated Veneer Lumber and Laminated Strand Lumber (LVL and LSL). EWP segment sales in the 4thQ of 2013 totaled $72 million, up 39 percent from $52 million in the year-ago quarter.
For the full year, LP's EWP segment reported sales of $268 million, up 25 percent from the prior year and operating losses of $14 million in 2013 and 2012. Adjusted EBITDA for 2013 was a loss of $1 million as compared to a loss of $2 million in 2012.
German furniture sales drop in 2013
The turnover of the German furniture industry has declined by -3,7 percent in 2013. Dirk Uwe Klaas, the managing director of the German Federation of the furniture industry (VDM), says that 528 medium-sized furniture companies had sales in 2013 worth EUR 16,1 billion. This is EUR 600 million less than in 2012 (EUR 16,7 billion). The German furniture industry employeed 86,000 men and women, which represents a decline of -1,1%.
''The manufacturers are standing firmly, despite these difficult times mainly caused by weak sales to Europe'' said Klaas.
For the current year, VDM expects that furniture sales will basically remain at the same level as in 2013.
The entire German wood industry (including furniture) achieved in 2013 a turnover of EUR 32,2 billion; -1,7 percent or EUR 547 million less than in 2012. The number of employees in the industry declined by -0,6 percent, down to 151,026. Moreover, the number of companies decreased to 984 (-0,1 percent).
Stora Enso sells pulp mill in Finland
Stora Enso's Kemijärvi pulp mill in Finland (Lapland region) was permanently closed down in 2008. In December 2011 the Finnish Vaasa Administrative Court gave its decision concerning the environmental permit for the closure of the mill. After two years, the case turned to Finnish Regional State Administrative Agency which forced Stora Enso to come up with a plan by the end of 2014, to solve the environmental issues at Kemijärvi site.
Last week, Finnish media reported that Stora Enso and Keitele Group, a Finnish wood-processing company, have reached an agreement on the sale of Kemijärvi pulp mill and buildings that surrounds the site. Negotiations started last year but were delayed for a few months.
Keitele Group plans to build a new wood product manufacturing plant in Kemijärvi, which will consist of a sawmill and a glulam factory. The new facilities will start to be build in April and production is scheduled to start in 2015.
The amount of the transaction was not disclosed.
Price of wood pellets in Germany further declines
In the second month of this year, wood pellets price has again slightly decreased in Germany, the German Energy Wood and Pellet Association (DEPV) reported at the monthly price presentation for February. The average price for a tonne (t) of pellets in Germany currently stands at EUR 283,74; 0,4 percent less than in January, but higher by 5,4% over the same month last year.
According to the executive Chairman of DEPV, the storage of production and trade are well filled. The pellet producers in Germany expect for 2014 a further increase in total production, up to 2,35 million tonnes.
As in recent months, the cheapest pellets can be found in northern and eastern Germany: EUR 278,42 for a 6 t purchase quantity. However, in February 2014, there some regional wood pellets price differences: in central Germany one must pay EUR 281,98 per tonne, while in southern Germany one tonne of pellets now costs EUR 286,16.
Larger quantities (26 t) were traded in February 2014 at the following rates : north /east : 260.53 EUR / t; center: 264.27 EUR/t; south : 272.97 EUR/t (all including VAT).
Södra plans to increase sawn timber production
Closing down the Tofte mill back in August, clearly affected Södra's profits for 2013. The total costs for the closure ammounted SEK 817 million (EUR 92,2 million). Despite this, Södra Timber division managed to both improve operating profit and increase its production by 12%.
Södra Timber's operating profit amounted to SEK -217 million (EUR -24,5 million). This improvement in its profit is due mainly to an increase in volumes, an increased sawing yield and reduced costs. Production amounted to 1,624 000 cubic metres (2012: 1,451 000).
Furthermore, the company wants to increase its production in 2014:
''One important element of our efforts to improve profits at Södra Timber will involve increasing production further,'' said Södra's CEO Lars Idermark. He added: ''This year, we are expecting to achieve total production of approximately 1.8-1.9 million cubic metres. The new sawmill in Värö has been operating at full capacity since last autumn. Three-shift production is now placing us in a position from which to achieve profitability. We are aiming to produce 500,000 cubic metres of sawn timber in 2014 and 600,000 cubic metres in 2015.''
Overall, Södra Group's (with all divisions) total turnover slightly fell by 1.3% to SEK 16.6 billion (EUR 1.87 billion).
Harvard University wants to sell its forests in Romania
The Harvard University is currently negotiating the sale of its forests in Romania, after the Romanian Anti-Corruption Agency (DNA) has last week arrested for bribery a local representative of a fund administred by the American University, Romanian media reported.
The authorities investigations revealed that Dragos Lipan Secu, the administrator of Scolopax company, owned by a Harvard investment fund, was negotiating with the sellers to overprice the value of the forests. Mr. Secu, on behalf of the University thus managed to purchase forests at overvalued prices, from which he obtained undue benefits worth EUR 1 million.
Harvard's spokepersons, quoted by Romanian media, stated that the process of negotiation for the sale of its Romanian forests began before Dragos Lipan Secu was arrested. Moreover, Mr. Secu said that he is not an employee of the university and he added that he ceased any collaboration with Harvard since December 2012.
According to the Romanian Forestry Agency (Romsilva), Harvard University was in 2010 the largest owner of forests in Romania, with a surface of over 32,000 hectares. The value of Harvard's Romanian forests is estimated at US$ 116 million.
Cautious forecast for the German sawmill industry
In its annual market report, the German Sawmill and Timber Industry Association (DeSH) presented some mixed results for Germany's softwood industry. The poor start registered at the beginning of 2013, has been recovered throughout the year. Also, a slight increase at the beginning of this new year has been noticed, though this should not obscure the fact that many problems are still ongoing. For this reason the forecasts are cautiously optimistic.
As before, the market was under the pressure due to high softwood timber prices, says the association in its report. The prices of raw materials could not be put down in the hard international timber competition. Despite the fact that the proceeds for softwood timber increased slightly over the previous year, the profitability of the German sawmills remained largely low.
Sales and production above the previous year
The German sawmills turnover of EUR 5.4 billion in 2013 is only minimally over the previous year. Domestic sales were correlated with the overall economic sentiment: the economic situation has improved during the year after a weak winter and spring market. In particular, for the construction sector, German domestic demand rose in the second half. Thereby the sawmills nevertheless succeeded in part to compensate the losses caused by rising roundwood prices.
In the third quarter of 2013 a total of 5.6 million cubic metres of softwood lumber were produced in Germany. This represents 180,000 cubic meters more than in the same quarter of 2012. DeSH estimates that for the whole 2013 year, production will only be 1% higher than in 2012, up to a volume of 20,2 million cubic metres. This means that the volumes recorded in 2010 and 2011 will not yet to be reached.
Exports only slightly higher
The European timber market continues to suffer from the consequences of the financial crisis. Important foreign markets, especially the neighboring countries, imported significantly less softwood timber from Germany in 2013. Increases were only recorded from the Middle East and the Mediterranean countries. Also noteworthy are sudden increases in Asia - particularly in China. According to DeSH, Germany's total exports in 2013 increased by around two percent, up to 6.3 million cubic meters.
Hope lies surprisingly on the North American market. The U.S. is the main consumer of softwood timber in the world. 96 percent of the volume of US imports come from neighboring Canada, which also supplies intensively the Asian markets. But with the strengthening of the US wood market, market analysts say that the Canadian sawmills will fetch back the deliveries which go at present to Asia again into the American market. This is a chance for the European sawmillls to expand their exports to Japan and China and therefore relieve the European market.
Despite the weakened exports in recent years, Germany has always managed to achieve, since 2004, a positive balance of trade in softwood timber. In 2013, Germany still remained the largest lumber producer in Europe. "This shows that the industry is well established in Germany in spite of everything," DeSH Chief Executive Lars Schmidt said.
Interfor reports record lumber production and sales
Interfor reported net earnings of $11.4 million in the fourth quarter of 2013, compared to net losses of $0.1 million in the third quarter and $3.8 million in the fourth quarter of 2012. EBITDA, adjusted to exclude the effects of long-term incentive compensation and other items, was $36.2 million compared with $24.6 million in the third quarter of 2013 and $19.3 million in the fourth quarter of last year.
Interfor's lumber production in the fourth quarter was a record 470 million board feet, up 5% from the third quarter of 2013. Lumber sales, including wholesale and agency volumes, were a record 500 million board feet, up 12% versus the prior quarter.
Interfor's 2013 annual results
For 2013, the company realized $1.1 billion of total sales, up 30% from $849 million in 2012, driven by the sale of nearly 1.8 billion board feet of lumber at an average price of $495 per mfbm. Lumber sales volume and average selling price increased 23% and 12%, respectively, over 2012.
Higher North American pricing, supplemented by higher realizations in China and Japan and a weaker Canadian dollar, contributed to a $55 per mfbm average selling price improvement from 2012, Interfor reported. The 329 million board feet increase in lumber shipments from 2012 primarily reflects the addition of four of the company U.S. Southeast sawmills, which contributed sales of 247 million board feet, and increased production from the B.C. Interior and U.S. Pacific Northwest operations.
Lumber shipments to China increased by 18%, as 2012 was affected by an oversupply in late 2011 and interest rate increases by the Chinese government. China remained a significant market for the company, accounting for 17% of total lumber sales volume in 2013 (2012 - 17%). Lumber shipments to Japan improved marginally over 2012 levels.
Log sales of $136.6 million represents an increase of $22.7 million, or 20%, compared to 2012. A slight decline in sales volume from Interfor's B.C. operations was more than offset by a 22% increase in average selling price to $88 per cubic metre, reflecting improved lumber markets and a shift in mix to offshore markets.
The company's wood chips and other residual products revenue increased 4% from 2012 to $72.4 million, due mostly to higher volumes from increased sawmill production. Ocean freight and other revenues decreased by $10.8 million from 2012 to $23.9 million, due mainly to lower ocean freight resulting from decreased break bulk volumes, Interfor concluded in its annual financial report.
European imports of tropical hardwood fall to new lows
After record lows in 2012, the latest EU trade data indicates that imports of hardwood products from tropical countries fell even further during 2013. According to ITTO, in the first 11 months of 2013, EU28 imports of sawn hardwood from tropical countries were 870,200cu.m, 8.2% less than the same period in 2012.
Imports of tropical hardwood logs were only 170,900cu.m between January and November 2013, 23.6% less than the same period in 2012. Direct imports of hardwood plywood from tropical countries (i.e. excluding imports from China) declined 4.8% to 1.14 million cu.m during this period.
Tropical hardwood veneer imports fell 7% to 251,500cu.m. These numbers for the whole of the EU are indicative of the slow pace of recovery in the European economy, particularly in the construction and furniture sectors which are so important for hardwood consumption. They are also the result of on-going supply problems.
Unlike in previous years when Europe was the dominant market, European buyers now have much less leverage to encourage more rapid delivery or prevent diversion to larger buyers in other parts of the world.
Japanese lumber demand expected to fall sharply
Japan Lumber Journal (JLJ) reported that Japanese demand for logs in 2014 is expected to be 4,365,000 m³. This means a 5,4% decrease over the 2013 volume of 4,613,000 m³. Moreover, JLJ forecasts a 10.8% decline in imports of lumber: from a volume of 7,766,000 m³ in 2013, down to 6,926,000 m³ for 2014.
Adding logs and lumber together, says JLJ, the total demand for imported wood material in 2014 is forecasted to be 11,291,000 m³, decreasing 8.8% compared to the previous year.
Demand for imported wood material in 2014 is forecast to shift to a bullish tone in the first half of the year maintaining the good condition in 2013, but considering the reaction after the rise in consumption tax rate in the second half of 2014,a timber demand forecast has become extremely difficult, the report concludes.
West Fraser earnings decline due to reduced lumber shipments
West Fraser Timber Co. Ltd. Thursday reported earnings of CA$ 118 million on sales of CA$ 833 million in the fourth quarter of 2013 and earnings of $ 349 million on sales of CA$ 3,474 million for 2013.
The company's lumber operations generated operating earnings of CA$ 32 million (Q3 – CA$ 57 million) and EBITDA of CA$ 83 million (Q3 - CA$ 83 million). Restructuring charges of $24 million were included in the company's operating earnings in the quarter, representing costs associated with the planned closure of the West Fraser's Houston, B.C. sawmill. The benefit provided by higher lumber prices and a weaker Canadian dollar was offset by the effect of reduced shipments.
Lumber markets weakened late in the quarter as severe weather reduced demand and also affected transportation. Despite prices strengthening for certain lumber grades and dimensions, West Fraser reports, prices for wide - width SYP lumber declined during the quarter which adversely affected the company's U.S. lumber results.
West Fraser's panel segment, which includes plywood, LVL and MDF, generated operating earnings in the quarter of CA$2 million (Q3 - CA$ 6 million) and EBITDA of CA$ 6 million (Q3 - CA$ 9 million) , mostly reflecting reduced plywood shipments due to a seasonal slowdown in the Canadian building industry and weather -related reduced railcar deliveries.
The company's pulp and paper operations generated operating earnings in the quarter of CA$ 13 million (Q3 - CA$ 29 million) and EBITDA of CA$ 24 million (Q3 - CA$ 40 million). Improved NBSK pricing and a weaker Canadian dollar were offset by operational difficulties at our NBSK mills, the company concluded in its press release.
West African timber suppliers facing competition on the Middle East market
In contrast to the subdued market sentiment in the EU and US the vast Middle East market continues to be buoyant but West African suppliers face tough competition in these markets, ITTO reported.
Tropical hardwood utility timbers such as meranti and okoume are in steady demand but the list of species being imported into the region is very extensive extending to European beech from Germany and Romania, Scandinavian softwoods, to a variety of Brazilian species and hardwoods from other South American suppliers.
In recent years okoume has established a firm foothold in Middle East markets while meranti was slightly less popular until prices were reduced. Currently, some Middle East buyers are tending to, once more, favour okoume which may put pressure on meranti suppliers to adjust prices. Home owners in the Middle East are said to expect high quality and well finished hardwoods for doors and door frames as well as for trim and decorative features.
The Middle East markets are highly competitive and the larger importers are prepared to distribute imported timber throughout the region with little concern for distances or cross border re-export issues; perhaps this explains why importers are very price sensitive.
John Deere expects increase in sales of forestry equipment
In it's fourth quarter 2013 financial report, John Deere reported that the company's construction and forestry sales rose by 4 percent for the quarter, with operating profit of $94 million compared with $71 million a year ago.
The improvement in operating profit was due primarily to lower production costs, decreased research and development expenses, and price realization, says JD. These factors were partially offset by the impact of lower production volumes.
For 2014, John Deere expects that its worldwide sales of construction and forestry equipment to increase by about 10 percent for 2014. The company counts on a further economic recovery and higher housing starts in the U.S. as well as sales increases outside the U.S. and Canada.
JD's global forestry sales are expected to be up for the year due to general economic growth and improved sales in European markets.
AS Graanul Invest builds largest pellet plant in the Baltic region
OÜ Osula Graanul, the subsidiary of AS Graanul Invest, is beginning the construction of the largest pellet plant in the Baltic countries in Võrumaa, Sõmerpalu county, the company announced in a press release.
The new plant has production capacity around 250,000 tons of pellets per year. Plant’s equipment enables to use various types of wood (firewood and pulpwood, woodchips, sawdust and shavings) at the annual rate of 600 000 solid cubic meters, which will provide wood processors and forest owners of South – Estonia chance to utilize their production residues and low quality roundwood to the local producer all year around.
The plant is expected to start test production in the end of 2014. It is Graanul Invest Group’s seventh pellet factory which will increase the Group’s production capacity to over one million tons annually.
Current timber price trends across China
This report contains latest prices of logs, sawnwood, plywood and other wood products from main timber markets in several Chinese regions. (Source: ITTO)
Guangzhou Yuzhu International Timber Market
| Logs | Yuan/cu.m | |
| Lauan | Dia. 60 cm+ | 2000-2200 |
| Kapur | Dia. 80 cm+ | 3100-3200 |
| Merbau | Dia. 100 cm+ | 5200-5400 |
| Teak | Dia. 30-60 cm | 6500-13000 |
| Wenge | 4300-4800 | |
| Red Oak (France) | Dia. 30 cm+ | 2500-2600 |
| Purpleheart | Dia. 60 cm+ | 3500-3600 |
| Rosewood | 3700-4200 | |
| Sawnwood | ||
| Maple | Grade A | 7500-9500 |
| Walnut USA | FAS 2 inches | 14000-16000 |
| Cherry USA | FAS 2 inches | 10000-12800 |
| Sapelli | Grade A | 6600-7000 |
| Okoume | Grade A | 4200-4500 |
| Teak (plantation) | Grade A | 9600 |
Shanghai Furen Forest Products Wholesale Market
| Logs | Yuan/tonne | |
| Red Sandalwood India | All grades | 1-2 mil. |
| Rengas (Vietnam and Nepal) | All grades | 7000-8800 |
| Granadillo (Mexico) | All grades | 7500-8000 |
| Sawnwood | Yuan/m³ | |
| Okoume (Africa) | grade A | 4300-4700 |
| Sapelli (Africa) | grade A | 5800-6300 |
| Beech (Europe) | grade A | 4500-4800 |
| Red Oak (North America) | 2 inches FAS | 7000-7300 |
| Cherry (USA) | 2 inches | 9800-10500 |
| Maple (USA) | 2 inches | 8700-8900 |
| Merbau (Indonesia) | All grade | 10000-11500 |
Hangzhou Timber Market
| Logs | Yuan/m³ | |
| Ash | 4m 30cm | 3200-4800 |
| Larch | 4m 8-10cm | 1800-2900 |
| Linden | 4m 26cm | 2400-3500 |
| Sawnwood | ||
| Beech (Europe) | All grades | 2800-5000 |
| Black walnut (N. America) | All grades | 7000-13000 |
| Teak (Myanmar) | All grades | 9000-18000 |
| Red oak (N. America) | All grades | 3500-5000 |
| Alder (Myanmar) | All grades | 4500-5300 |
| Merbau | All grades | 7200-12000 |
| Plywood | Yuan/sheet | |
| Red beech | 3mm | 50-75 |
| Black walnut | 3mm | 60-102 |
| Teak | 3mm | 70-148 |
Shandong De Zhou Timber Market
| Logs | Length | Diameter | Yuan/cu.m |
| Larch | 4m | 18-22 cm | 1180 |
| 4m | 24-28 cm | 1300 | |
| 4m | 30 cm | 1450 | |
| 6m | 18-22 cm | 1280 | |
| 6m | 24-28 cm | 1300 | |
| 6m | 30 cm | 1500 | |
| White Pine | 4m | 24-28 cm | 1350 |
| 4m | 30 cm | 1450 | |
| 6m | 24-28 cm | 1350 | |
| 6m | 30 cm | 1500 | |
| Korean Pine | 4m+ | - | |
| 6m+ | 2000 | ||
| Mongolian Scots Pine |
4m | 30cm | 1350 |
| 4m | 36cm | 1500 | |
| 6m | 30cm | 1360 | |
| 6m | 36cm | 1560 |
Wenzhou Timber Trading Market
| Logs | Yuan/m³ | |
| Ash | 2m 20-30cm | 1300 |
| Chinese fir | 4m 16-18cm | 1500 |
| Wenge | all grades | 4500-5100 |
| Teak (plantation) | all grades | 2100-2500 |
| Merbau | all grades | 3500-5000 |
| Spelle | all grades | 3200-3700 |
| Plywood | Yuan/sheet | |
| Red beech | 4'x8'x3mm | 40-80 |
| Black walnut | 4'x8'x3mm | 40-85 |
| Teak | 4'x8'x3mm | 45-110 |
