August 28, 2014
Chinese redwood furniture prices climbing
According to the well-known domestic „redwood‟ furniture manufacturer, Liantianhong current tariffs on redwood furniture account for 20% of production costs. Because of this prices for redwood furniture have risen by between 5%-10% since the beginning of August but producers are finding it difficult to trade at these new higher prices as the buyers are resisting the increase, ITTO reported. Liantianhong says the redwood furniture Chinese market has cooled and those with large stocks are under pressure to dispose of the log stocks to avoid any further losses. At present the redwood log market is ...
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