Imported cork prices continue to rise, the domestic market is still cold

Jul. 28,2020

Since April this year, under the influence of many factors, the price of imported cork has begun to rise all the way, which seems to indicate that the situation of the imported cork market has begun to pick up and recover. However, the reporter learned in the process of visiting the timber market that the overall business situation of cork has not improved in the slightest. The price increase is difficult to drive its market sales. The market is still relatively thin. What is causing this? Where will the cork market go in the future? Many factors have caused the price of cork to continue to rise. The reporter learned that at the beginning of the year in March, North American hemlock logs were 4-12m long and 20-80cm in diameter. , Medium A basically maintains at 1050 yuan/cubic meter, by May, the price has risen to 1100 yuan/cubic meter; New Zealand radiata pine is 4-12m long, 20-80cm in diameter, medium A increased from the previous 800 yuan/cubic meter To 850 yuan/cubic meter at this stage. According to industry insiders, the reason for the substantial increase is that the appreciation of the Russian ruble has driven the recovery of cork prices in major regions. At the same time, the most serious fires in history in Canada and Russia have also contributed to a certain extent. The role of. The appreciation of the ruble has pushed up global cork prices. At the end of 2015, the Russian ruble suffered a heavy setback. After the beginning of the year, the ruble exchange rate has rebounded significantly, and then it began to rise all the way. In March, it has risen to 69.94 rubles to 1 US dollar. This is the first appreciation since December 24 last year 70 rubles to the US dollar "mark". As of May, the ruble rose to 66:1 against the dollar, fluctuating up and down. With the continuous appreciation of the ruble, the export price of Russian cork has also picked up. However, if only the price of Russian cork picks up, it may not have any impact on the domestic market. In fact, it is more than that. According to industry insiders, there is a close "joint" relationship among several important cork producing areas such as Russia, Australia, North America, and Europe. A large change in the price of cork in a certain region will inevitably lead to other major cork production areas. The regional softwood price changes, the difference is that the price changes will be different. For example, due to the driving effect of the appreciation of the ruble in the March-April period, the purchase price of North American softwood increased by about US$10/cubic meter, and the price of Australian radiata pine rose by about US$5/cubic meter. Forest fires in Russia and Canada have pushed up cork prices. As far as the cork industry is concerned, May is destined to be a disaster. In early May, Canada was hit by the worst fire in history, with an area of 1,500 square kilometers affected. Following Canada, on May 11, many areas of Russia's forests were swept by fires. The fires far surpassed Canada. The burned area exceeded 1 million hectares, and the burning area was five times that of Canada. At the same time, these places happen to be important producing areas for cork. Under the influence of this, the supply of cork has shrunk significantly, and the price has been rising. "Although the forest fires in Russia and Canada have caused the loss of forest resources, from the domestic market, the forest fires are a big plus, especially at the present stage when the domestic market is still too large for softwood inventory, and the price is difficult to rise. It is undoubtedly a boost to the current domestic cork market, which is relatively pessimistic." The market situation is cold, the supply of goods is sufficient, and there is no shortage of goods. It is understood that China is a major timber importer. In 2015, more than half of China’s timber was imported , Accounting for almost 55% of the total demand, of which wood imported from Russia, Canada, New Zealand, and the United States accounted for more than 70% of the total. This means that the forest fires in Canada and Russia have caused a huge shortage of timber in the short term, which may cause supply constraints, and then lead to a shortage of domestic softwood sources. However, Mr. Chen from Zhongfu Wood, who specializes in cork management, pointed out that the current supply of cork in the domestic market is far greater than the demand, and there will be basically no shortage of supply. On the one hand, since last year, the domestic property market has entered a freezing period. Data from the National Bureau of Statistics shows that from January to April this year, the area of commercial housing for sale in non-key cities reached 455 million square meters. The main tone of the third and fourth tier cities, and the task is long and long. Under such circumstances, the number of new buildings under construction has shrunk significantly, and the demand for cork has also fallen. The p

Share:

Recent Articles

All Blogs