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    Central/West Africa: Markets quieten amid lower demand
 

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Central/West Africa: Markets quieten amid lower demand
16/05/2008 - 16:44

Log prices for an increasing number of species have fallen throughout the first two weeks of May. The volume of trading has declined and there was a general markdown in prices, with only a few favored species holding at unchanged levels. Chinese buying patterns continued to be more selective for certain grades and volumes were lower than the recent monthly uptake. European buying also remained at very low levels and with stocks high on the continent, it is unlikely that demand will show any significant increase before the traditional vacation period begins around the end of June.
Sawn lumber markets also reported lower demand, although prices for most species have so far held firm. Okume lumber prices fell once again after much slower business. Sapele also declined on low demand. The current difficult market conditions are likely to continue through the rest of the second quarter and into the third.


West Africa logs, FOB € per m3
Asian market
LM
B
BC/C
Acajou/ Khaya/N'Gollon
206↓ 
175↓ 
137↓ 
Ayous/Obéché/Wawa
191↓ 
191↓ 
152↓ 
Azobe & Ekki
168
168
122
Belli
183↓ 
183↓ 
-
Bibolo/Dibétou
152↓ 
152↓ 
114
Bubinga
533
457
381
Iroko
259↓ 
244↓ 
228↓ 
Okoume (60% CI, 40% CE, 20% CS)
155↓ 
-
-
Moabi
320
305
282
Movingui
191↓ 
190
137↓ 
Niove
129
129
-
Okan
198↓ 
198↓ 
152↓ 
Padouk
267↓ 
267↓ 
228↓ 
Sapele
267↓ 
267↓ 
228↓ 
Sipo/Utile
335
305
267
Tali
168↓ 
168↓ 
152


West Africa sawnwood, FOB
€ per m3
Ayous FAS GMS
396
Fixed sizes
-
Okoumé FAS GMS
300↓ 
Sel. & Bet. GMS Italy
250↓ 
Sel. & Bet. fixed sizes
300
Sipo FAS GMS
630
FAS fixed sizes
-
FAS scantlings
580
Padouk FAS GMS
600
FAS scantlings
630
Strips
425
Sapele FAS Spanish sizes
520↓ 
FAS scantlings
540↓ 
Iroko FAS GMS
458
Scantlings
519
Strips
304
Khaya FAS GMS
396
FAS fixed
427
Maobi FAS GMS
600
Scantlings
610
Movingui FAS GMS
420
(ITTO's Tropical Timber Market Report)
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