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    Malaysia: Prices steady as market lulls during Chinese New Year

 

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Malaysia: Prices steady as market lulls during Chinese New Year
20/02/2008 - 16:53

Prices of Malaysian timber products steadied as the market closed for the annual Chinese Lunar New Year. Exporters continued to be optimistic about price stabilization in the near future as the next general election would take place early next month. However, experts in Asian markets expressed concern over stock prices on Wall Street and were of the opinion that the US may indeed be heading toward a recession.

In addition, Weyerhaeuser Co., the largest US lumber producer, chalked up a fourth quarter loss of USD63 million after shutting down lumber mills and slashing output as a slump in residential real estate deepened. This adds fuel to the fire that the US market for Malaysian timber products such as wooden furniture may be in serious trouble.

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 233-251
Keruing 278-294
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
428-451
Seraya Scantlings (75x125 KD)
708-747↓
Sepetir Boards
321-333
Sesendok 25,50mm
444-474
Kembang Semangkok
426-442
Malaysian Sawnwood, domestic
US$ per m3
Balau (25&50mm,100mm+)
343-363
Merbau
560-580 ↓
Kempas 50mmx (75,100 & 125mm)
286-302
Rubberwood 25x75x660mm up
277-305 ↓
50-75mm Sq.
299-323
>75mm Sq.
315-345


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m3
2.7mm
478-504
3mm
455-480
9mm & up
410-433
Meranti ply BB/CC, domestic US$ per m3
3mm
454-464
12-18mm
390-398


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m3
Particleboard Export 12mm & up
225-243
Domestic 12mm & up
212-229
MDF Export 15-19mm
293-318
Domestic 12-18mm
266-287


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m3
Selagan Batu Decking
680-697↓
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
719-738↓
Grade B
630-648↓


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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