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June 24, 2019
West Africa: Logs & sawnwood FOB prices for Chinese market under pressure
European markets are uninspiring according to producers. FOB prices remain at the same level as in the past 2 months but there is some comfort to be gained from the market stability. In recent weeks another shipment to Europe of around 10,000 cubic metres of azobe has swamped the market and is beginning to undermine FOB prices Prices for the Chinese market are becoming more volatile. Analysts report that prices for ovangkol for the Chinese market have dropped 30-40% due to the lack of demand. Demand for okoume, padouk and ...
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