European tropical hardwood market calm

Recently, according to the reporter, the European tropical hardwood market is calm but relatively stable. Unknown demand causes prices to remain low at some time in the future. In general, European sawmill stocks, especially popular varieties such as Meranti, Bankirai, Sapele, Sipo, and Wawa, all remained at historic lows. However, due to the slow consumption, the low price of sawn wood is not enough to impact the supply market. Inventory can still make up in time.

The long shipping time of African sawmills has caused a series of problems in the European market. The round trip time takes about 3 months, including starting from the order, and for other varieties of wood, it takes longer. This led to serious buyers of the product. Even some varieties have already been pushed to the edge of the elimination.

In the recent past, the weakness of the euro has made its export competitiveness enough to compete with sawn timber in Africa, Southeast Asia and Brazil.