Demand for teak has fallen reflecting end-users concern for the economy and due to the annual monsoon during which time sales regularly slip. Because of this importers cut back on plantation teak purchases.
Over the past month a new plantation teak supplier has emerged, Angola which recently shipped a small consignment (357 cu.m) of plantation teak logs worth US4,461.
Importers say some traditional suppliers are now shipping shorter billets and smaller girth logs and that this has impacted the prices. Also, in recent weeks the supply of large girth logs from those suppliers traditionally shipping larger logs has fallen.
Current C&F prices for plantation teak
US$ per m3 | |
Belize logs | 350-400 |
Benin logs | 285-775 |
Benin sawn | 530-872 |
Brazil logs | 400-1063 |
Brazil squares | 370-680 |
Cameroon logs | 331-510 |
Colombia logs | 404-788 |
Congo logs | 408-710 |
Costa Rica logs | 404-780 |
Côte d'Ivoire logs | 277-720 |
Ecuador squares | 313-858 |
El-Salvador logs | 405-934 |
Ghana logs | 255-635 |
Guatemala logs | 192-585 |
Guyana logs | 300-450 |
Uganda teak sawn | 680-900 |
Kenya logs | 515-600 |
Laos logs | 300-605 |
Liberia logs | 399-460 |
Malaysian teak logs | 363-525 |
Nicaragua logs | 350-596 |
Panama logs | 288-630 |
PNG logs | 405-575 |
Sudan logs | 448-511 |
Tanzania, teak, sawn | 307-885 |
Thailand logs | 511-700 |
Togo logs | 306-431 |
Trinidad and Tobago logs | 557-680 |
Uganda logs | 411-461 |
Uganda Teak sawn | 680-900 |
Variations are based on quality, length and average girth of logs
Prices for domestically milled sawnwood from imported logs
Overall, supply and demand remains steady.
Sawnwood, (Ex-mill) (AD) | Rs. per ft3 |
Merbau
|
1500-1650 |
Balau
|
1500-1600 |
Resak
|
1200-1400 |
Kapur
|
1250-1300 |
Kempas
|
1100-1200 |
Red Meranti
|
900-950 |
Radiata pine AD
|
600-725 |
Whitewood
|
600-700 |
Variations are based on quality, length and average girth of logs
Growing interest in alternatives timbers holds down teak prices
Continuing strong resistance to price increases for Myanmar teak sawnwood stems from consumers growing acceptance of alternative species.
Prices for domestically milled Myanmar teak
Sawnwood (Ex-mill) | Rs. per ft3 |
Myanmar Teak (AD) | |
Export Grade F.E.Q.
|
8000-14000 |
Plantation Teak A grade
|
5500-6500 |
Plantation Teak B grade
|
4500-4750 |
Plantation Teak FAS grade
|
3500-4000 |
Price variations depend mainly on length and cross section
Imported sawnwood
Prices for imported sawnwood (KD 12%) shown below. No significant price movements have been reported.
Sawnwood, (Ex-warehouse) (KD) | Rs per ft3 |
Beech | 1300-1350 |
Sycamore | 1300-1400 |
Red oak | 1500-1650 |
White Oak | 1600-1800 |
American Walnut | 2300-2400 |
Hemlock clear grade | 1300-1400 |
Hemlock AB grade | 1200-1300 |
Western Red Cedar | 1600-1650 |
Douglas Fir | 1200-1300 |
Price variations depend mainly on length and cross section.
Lower phenol price but still plywood prices fall
Plywood manufacturers are benefitting from the recent decline in phenol prices and this is providing some relief to mills as they struggle to contain production costs.
Because of the weak housing market demand for panel products is stalled causing millers to lower prices.
Prices for WBP Marine grade plywood from domestic mills
Plywood, | Rs per sq.ft |
Ex-warehouse. (MR Quality) | |
4 mm | 39.50 |
6 mm | 52.50 |
9 mm | 66.50 |
12 mm | 82.00 |
15 mm | 109.00 |
18 mm | 114.50 |
Domestic ex-warehouse prices for locally manufactured MR plywood
Locally Manufactured Plywood “Commercial Grade” |
Rs per sq.ft | |
Rubberwood | Hardwood | |
4mm | Rs.20.00 | Rs.29.60 |
6mm | Rs.30.30 | Rs.38.00 |
8mm | Rs.38.20 | Rs.46.00 |
12mm | Rs.45.40 | Rs.55.80 |
15mm | Rs.55.80 | Rs.68.00 |
19mm | RS.64.60 | Rs.76.30 |
5mm Flexible ply | Rs.40.00 |