Burmese wood restrictions cause mahogany furniture prices to skyrocket

Take the Burmese rosewood in mahogany furniture as an example. From June last year to the end of last year, the price of Burmese rosewood soared from 23,000 yuan / ton to 35,000 yuan / ton, an increase of up to 50%. As of last weekend, Burmese rosewood has a diameter of about 60 cm. The market price is 32,000 yuan / ton, and there is also news that the price of a Burmese pear with a diameter of 70 centimeters is as high as 60,000 yuan / ton.

China's rosewood mainly relies on imports, and the CITES Convention (newly revised version) implemented in June last year allowed Thailand, Vietnam, Laos and other countries to implement stricter log export restrictions, which directly led to the rise in China's imported rosewood market. . Myanmar ’s ban on export of logs is undoubtedly adding a piece of firewood to the already-burned rosewood capital market.

Judging from the feedback from China Timber Net in late March, this year, imported logs such as Burmese rosewood have been favored in the Ruili market. From June last year to the end of last year, the price of Burmese rose pears soared from 23,000 yuan / ton to 35,000 yuan / ton, an increase of up to 50%; although it has suddenly dropped back to 21,000 yuan / ton since the beginning of this year, the price fell by 8,000 a day when the largest decline Yuan / ton. But on March 20th, the price of Burmese rosewood with a diameter of about 60cm rose to 32,000 yuan / ton.

Regarding the price of Burmese rose pears plummeting from the beginning of the year to a rapid recovery, industry sources revealed that the short-term skyrocketing plunge is definitely not normal. Since the second half of last year, a lot of hot money has been bullish on these redwoods in the "second echelon", and their concentrated firepower has set off a wave of hype in the market. "The price has tripled all at once, and the false fire is very strong inside."

Furniture Network believes that the price of Vietnam Huanghuali ordinary material per ton will be about 6 million yuan this year; the slightly better price is between 8 million and 12 million yuan per ton; the big material is based on the price, and a wood It is difficult to find that the price per ton will exceed 20 million yuan.

"The current market is confusing, some people are hoarding goods, some are losing money at a high level, and the situation is still unclear." Some consumers said that they have been investing in mahogany furniture and are also concerned. The price of mahogany, but I do not intend to sell recently, I would like to wait and see for a while.

In this regard, industry insiders said that mahogany is aimed at high-end people, and it seems unlikely that the business is booming like a snack bar, but once the transaction is completed, its transaction volume is hundreds of thousands or even tens of millions. Moreover, mahogany was originally a scarce resource, which has the role of collection and value preservation. Now the demand for mahogany is large, and the growth cycle of wood is long, so although it seems that there are not many people buying, investors in the industry are not worried about price reduction.

It is worth reminding that the mahogany in the market is more sub-charged. For example, it is common to use cheap African pears to impersonate the more expensive Lao pears. Some dealers are not very professional and may mislead consumers to buy. It is recommended that consumers try to buy mahogany furniture in the company of professionals, and shop around.