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    Malaysian prices hold as buyers plan next move

 

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Malaysian prices hold as buyers plan next move
25/03/2008 - 12:33

Prices of Malaysian timber products held steady over the first two weeks of March. While the construction industry in Japan was far from recovering, plywood manufacturers were not prepared to ease prices further. Rising fuel costs had caused many manufacturers to resist cutting prices. Moreover, some manufacturers were expecting demand to pick up as several reconstruction projects will be launched in China to fix damage caused by recent winter storms. Rubberwood prices rose due to heavy rains that limited supply. Additionally, the soaring price of crude oil has caused prices of hydro-carbon material to increase and sent competing materials such as rubber up as well. Log prices in Sarawak are likely to rise in the next few weeks as the state has been hit by a spell of bad weather.

Weak US dollar will not harm Malaysia furniture exports
The Star has reported on recent remarks by MIFF 2008 Chairman Datuk Tan Chin Huat, who indicated furniture exports were likely to maintain current levels and would command higher prices. Tan noted that the furniture industry was ‘diversifying’, saying that companies were designing products specifically for buyers of their choice. These companies, referred to as Original Design Manufacturers (ODM), were hoping to offset the dollar’s weakening to some extent by allowing the exporter or manufacturer to determine selling prices. At the opening of the MIFF 2008, the Deputy Minister of International Trade and Industry, Ng Lip Yong, echoed Tan’s positive outlook and expected furniture exports would reach RM10 billion by 2010.

Malaysia Log Prices
Sarawak log, FOB US$ per m3
Meranti SQ up 295-315
Small 270-292
Super small 256-266
Keruing SQ up 269-280
Small 232-262
Super small 223-232
Kapur SQ up 243-260
Selangan Batu SQ up 268-294
Pen. Malaysia logs, domestic (SQ) US$ per m3
DR Meranti 350-392
Balau 285-315
Merbau 413-435
Rubberwood 236-254↑
Keruing 278-290
Peninsular Malaysian meranti logs are top grade and are used for scantlings for the EU. Their prices are higher than Sarawak’s.


Malaysia Sawnwood Prices
Malaysia Sawnwood, FOB US$ per m3
White Meranti A & up
427-450 
Seraya Scantlings (75x125 KD)
707-745 
Sepetir Boards
321-333 
Sesendok 25,50mm
444-473 
Kembang Semangkok
424-442 
Malaysian Sawnwood, domestic
US$ per m3
Balau (25&50mm,100mm+)
343-363 
Merbau
558-577 
Kempas 50mmx (75,100 & 125mm)
286-302 
Rubberwood 25x75x660mm up
279-307↑
50-75mm Sq.
301-326↑
>75mm Sq.
314-346↑


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m3
2.7mm
478-504
3mm
455-480
9mm & up
413-436↑
Meranti ply BB/CC, domestic US$ per m3
3mm
454-464
12-18mm
392-400↑


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m3
Particleboard Export 12mm & up
227-245↑
Domestic 12mm & up
215-232↑
MDF Export 15-19mm
294-318↑
Domestic 12-18mm
269-287↑


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m3
Selagan Batu Decking
677-695
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
714-734↓
Grade B
629-646


Malaysia Furniture and Parts Prices
Malaysia, Rubberwood, FOB US$ per piece
Semi-finished dining table solid laminated top 2.5'x4', extension leaf
55-71
As above, Oak Veneer
62-76
Windsor Chair
53-56
Colonial Chair
46-54
Queen Anne Chair (soft seat) without arm
47-60
with arm
51-60
Chair Seat 27x430x500mm
34-39
Rubberwood Tabletop US$ per m3
22x760x1220mm sanded & edge profiled
Top Grade 616-626
Standard 583-601
(ITTO's Tropical Timber Market Report)
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