African timber continues to decline, overall market remains weak

Differing from the hot weather, the log market in Africa this summer was unusually deserted. This week's hot-selling species of African hedgehog rosewood (commonly known as the African pear) continued its declining trend. The merchants reflected that the furniture market was too low, causing the furniture factory to start working one day, which seriously affected the sales of timber. In addition, Gambia logs are still floating on the sea, and it is estimated that the fastest to arrive in early August. Compared with previous strong confidence, the fragile market sentiment has caused many timber dealers to worry about the price of African pears. “It is estimated that the prices of new goods entering the market may fall in less than a month.” Businesses said. At present, the African market in Guangdong market reported to 4400-4600 yuan / ton, the original report to 4700-4900 yuan / ton. Temporary stability.

Excessively deserted markets made Zhangjiagang's African log market look like “a pool of stagnant water”. The atmosphere of market transactions was extremely deserted. Some timber merchants continued to cut prices under financial pressure and were willing to sell at a loss, but the situation was reflected by the Zhangjiagang Correspondent of Yuzhu Wood Network. Looking at the market transactions have not been significantly improved, and the overall transaction is still weak. At present, Zhangjiagang Aoguman reported to 1700-3200 yuan/cubic meter, Dabia reported to 1600-2400 yuan/cubic meter, stalked mulberry reported to 2800 yuan/cubic meter, and Tali reported to 2300-2400 yuan/cubic meter. Large zebra reported to 5000-5600 yuan/cubic meter, Patti reported to 2200-2800 yuan/cubic meter, African teak reported to 5500-6500 yuan/cubic meter, red pear origin reported to 2500-3500 yuan/cube Meter.