Central/West Africa
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Downturn in China beginning to impact African tropical logs and sawnwood prices
The economic slowdown in China has started to affect FOB prices with prices for okoume, beli and some of the redwoods popular in China feeling downward pressure. On the other hand, producers report FOB prices forother species such as Ovangkol and Okan are stable. There are rumours that the authorities in China are to boost housing growth after the Chinese New Year which falls towards the end of January Also in the news are Middle East markets where FOB prices are also trending lower as stocks in the region are above normal. The exception is iroko which is actively sought as an alternative for teak in some enduses Most sawmills in Cameroon are now back in operation but contract positions have weakened to around 1-2-months. Heavy rain is reported in some areas but this is not hampering work, in contrast with Gabon where rain continues to be heavy and disrupting... Continue reading
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November 1, 2022
Downturn in China beginning to impact African tropical logs and sawnwood prices
The economic slowdown in China has started to affect FOB prices with prices for okoume, beli and some of the redwoods popular in China feeling downward pressure. On the other hand, producers report FOB prices forother species such as Ovangkol and Okan are stable. There are rumours that the authorities in China are to boost housing growth after the Chinese New Year which falls towards the end of January Also in the news are Middle East markets where FOB prices are also trending lower as stocks in the region are above normal. The exception is iroko which is actively sought as an alternative for teak in some enduses Most sawmills in Cameroon are now back in operation but contract positions have weakened to around 1-2-months. Heavy rain is reported in some areas but this is not hampering work, in contrast with Gabon where rain continues to be heavy and disrupting... Continue reading
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Downturn in China beginning to impact African tropical logs and sawnwood prices
The economic slowdown in China has started to affect FOB prices with prices for okoume, beli and some of the redwoods popular in China feeling downward pressure. On the other hand, producers report FOB prices forother species such as Ovangkol and Okan are stable. There are rumours that the authorities in China are to boost housing growth after the Chinese New Year which falls towards the end of January Also in the news are Middle East markets where FOB prices are also trending lower as stocks in the region are above normal. The exception is iroko which is actively sought as an alternative for teak in some enduses Most sawmills in Cameroon are now back in operation but contract positions have weakened to around 1-2-months. Heavy rain is reported in some areas but this is not hampering work, in contrast with Gabon where rain continues to be heavy and disrupting... Continue reading
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Downturn in China beginning to impact African tropical logs and sawnwood prices
The economic slowdown in China has started to affect FOB prices with prices for okoume, beli and some of the redwoods popular in China feeling downward pressure. On the other hand, producers report FOB prices forother species such as Ovangkol and Okan are stable. There are rumours that the authorities in China are to boost housing growth after the Chinese New Year which falls towards the end of January Also in the news are Middle East markets where FOB prices are also trending lower as stocks in the region are above normal. The exception is iroko which is actively sought as an alternative for teak in some enduses Most sawmills in Cameroon are now back in operation but contract positions have weakened to around 1-2-months. Heavy rain is reported in some areas but this is not hampering work, in contrast with Gabon where rain continues to be heavy and disrupting... Continue reading
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Downturn in China beginning to impact African tropical logs and sawnwood prices
The economic slowdown in China has started to affect FOB prices with prices for okoume, beli and some of the redwoods popular in China feeling downward pressure. On the other hand, producers report FOB prices forother species such as Ovangkol and Okan are stable. There are rumours that the authorities in China are to boost housing growth after the Chinese New Year which falls towards the end of January Also in the news are Middle East markets where FOB prices are also trending lower as stocks in the region are above normal. The exception is iroko which is actively sought as an alternative for teak in some enduses Most sawmills in Cameroon are now back in operation but contract positions have weakened to around 1-2-months. Heavy rain is reported in some areas but this is not hampering work, in contrast with Gabon where rain continues to be heavy and disrupting... Continue reading