Plywood exports through Shandong Port during the first quarter of 2008 were 600,000 m³ or USD 210 million in value, up 20%, according to statistics from Qingdao Customs. The average price for exported plywood was USD356 per m³, up 16% from the same period in 2007.
The main export markets were the US, the European Union and ASEAN member countries. The US was the largest market for plywood exports through Shandong Port. Plywood exports through Shandong Port to the US
were 160,000 m³, down 7% from the same period in 2007; to the EU 156,000 m³, up 0.5%; to ASEAN countries 72,000 m³, down 8%. Plywood exports to the above regions totalled 388,000 m³, accounting for 65% of
Shandong’s total.
In the first quarter of 2008 plywood exports from private
enterprises rose 17% to 447,000 m³, representing 70% of
all plywood exports. Plywood exports of state-owned
enterprises fell 40% to 87,000 m³. Plywood exports of
foreign capital enterprises grew 38% to 60,000 m³.
China has been experiencing difficulty in the development
of its plywood industry due to supply and demand
imbalances. Supply exceeds demand in the domestic
plywood market due to output capacity expansion and
China’s strengthening control on the real estate market. In
the meantime, plywood exports are slowing as export
refund rates decrease, the yuan appreciates and foreign
anti-dumping measures continue to be enforced.
Furthermore, profits have been reduced greatly due to
increases in oil and adhesive prices.
Shandong De Zhou Timber market
Logs
Larch (6m, 24-28cm diam.): 1220 yuan/m3
White Pine (6m, 24-28cm diam.): 1250 yuan/m3
Korean Pine (4m, 30cm diam.): 1350 yuan/m3
Korean Pine (6m, 30cm diam.): 1400 yuan/m3
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