Central/West Africa: Markets quieten amid lower demand

Log prices for an increasing number of species have fallen throughout the first two weeks of May. The volume of trading has declined and there was a general markdown in prices, with only a few favored species holding at unchanged levels. Chinese buying patterns continued to be more selective for certain grades and volumes were lower than the recent monthly uptake. European buying also remained at very low levels and with stocks high on the continent, it is unlikely that demand will show any significant increase before the traditional vacation period begins around the end of June.
Sawn lumber markets also reported lower demand, although prices for most species have so far held firm. Okume lumber prices fell once again after much slower business. Sapele also declined on low demand. The current difficult market conditions are likely to continue through the rest of the second quarter and into the third.

*West Africa logs, FOB*	*€ per m3*
Asian market	LM	B	BC/C
Acajou/ Khaya/N'Gollon	206↓	175↓	137↓
Ayous/Obéché/Wawa	191↓	191↓	152↓
Azobe & Ekki	168	168	122
Belli	183↓	183↓	-
Bibolo/Dibétou	152↓	152↓	114
Bubinga	533	457	381
Iroko	259↓	244↓	228↓
Okoume (60% CI, 40% CE, 20% CS)	155↓	-	-
Moabi	320	305	282
Movingui	191↓	190	137↓
Niove	129	129	-
Okan	198↓	198↓	152↓
Padouk	267↓	267↓	228↓
Sapele	267↓	267↓	228↓
Sipo/Utile	335	305	267
Tali	168↓	168↓	152

West Africa sawnwood, FOB		€ per m3
Ayous	FAS GMS	396
Ayous	Fixed sizes	-
Okoumé	FAS GMS	300↓
	Sel. & Bet. GMS Italy	250↓
	Sel. & Bet. fixed sizes	300
Sipo	FAS GMS	630
	FAS fixed sizes	-
	FAS scantlings	580
Padouk	FAS GMS	600
	FAS scantlings	630
	Strips	425
Sapele	FAS Spanish sizes	520↓
Sapele	FAS scantlings	540↓
Iroko	FAS GMS	458
	Scantlings	519
	Strips	304
Khaya	FAS GMS	396
Khaya	FAS fixed	427
Maobi	FAS GMS	600
Maobi	Scantlings	610
Movingui	FAS GMS	420

Central/West Africa: Markets quieten amid lower demand

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