Unscrupulous merchants fraudulently deceive consumers in order to make huge profits. The malicious speculation in the mahogany market is to obtain money. Everyone wants to get a part of themselves from the big cake in the mahogany market. The interests of normal market operations can no longer meet the needs of certain enterprises or individuals, or they want to reverse the losses in order to create market chaos. In the face of huge interests, some people have chosen "shortcuts."
The saying that "the economic situation in the furniture industry is grim" is not groundless. Some media reported that with the increase of global liquidity and the intensification of competition in the operating concept of the mahogany furniture industry, the “market chaos†of mahogany furniture is gradually being “big wavesâ€, and almost all of the funds are pouring into Southeast Asian countries. And in African countries, the mahogany furniture industry is experiencing a new round of “global dumpingâ€.
The fuse that caused the trust crisis in the mahogany furniture industry was considered by many peers to be a "spoiler" for some businesses. On December 22, the reporter went to the Tianhonghong Wuhan Xiangjiang store, which had just opened for a month or two, and the area was close to 1000 square meters. He saw 16 words on the doorstep of the store--"Chinese-style palace mahogany furniture is not worthy of discount" . In addition, a poster of “waxing pk lacquering†was attached to the store. The poster reveals the long-standing lacquer masking ("white skin") phenomenon in the mahogany industry, clearly pointing out the advantages of waxed furniture over painted furniture. These moves have caused public outrage in the industry.
“There is no good or bad, true and false mixed†This is a long-standing problem in the mahogany furniture industry. CCTV's "Weekly Quality Report" broadcasted the "White Leather Smeared Mahogany Furniture" program, reporting that some manufacturers in Fujian Xianyou were doped with white skin in mahogany furniture and then "dressed up" at a high price. This is like "the emperor's new clothes", an industry open secret but no one is willing to expose.
Interests make this series of behaviors become the unspoken rules of an industry.
The price cut of the redwood market is not unfounded. “The market of mahogany materials fell before the Spring Festival of 2012. Taking the price of Laos rosewood as an example, the price of raw materials dropped from 170,000 tons to 130,000. The price of lobular rosewood also fell by 10%-20%. Some middle and low-end wood species have also seen price cuts ranging from 10% to 15%." Industry insiders told reporters that this is mainly because some timber merchants are rushing to withdraw funds before the Spring Festival, and they have to cut prices. But the good big materials have not fallen, but the price increase, the price reduction is mainly ordinary small and medium-sized materials. Although the decline in raw material prices at the beginning of the year was not large, it also hit market confidence to a certain extent, which caused some rosewood investors to start to hold the currency, which caused the sales of mahogany furniture to become cold this year. This cold market has led to speculation in some businesses.
Redwood market price is not rising
All parties should wait and see
From the overall situation, due to the impact of the Mid-Autumn National Day holiday, the recent trading in the timber spot market is relatively flat, and the volume can be lower than the previous week. However, it is worth noting that, due to the impact of the Customs “Axe†action against timber smuggling activities, the recent hype market is quite full of speculation, and the main offer is not up. Therefore, it is recommended that all parties in the market should wait and see.
Specifically, the fruit rosewood rose sharply from Tuesday, to close, the big fruit rosewood index reported 154.03 points, last week, the cumulative increase of 26.62 points, or 21%. And under its driving, Dwarf Dalbergia (commonly known as South American Red Rosewood) and A. sinensis (commonly known as Burmese rosewood) also opened up the trend, in which the dimple Dalbergia Week Index reported 161.1 points, up 4.92% on a week-on-week basis. The closing price was 26,800 yuan/ton; the Aussie Dalbergia Weekly Index was 209.95 points, up 7.3% on a week-on-week basis, and the closing price was 16,000 yuan/ton. The remaining representative species, except for the hedgehog rosewood (commonly known as African huanghuali), have risen to varying degrees.
Market analysts pointed out that the key factor in promoting the rising price index of mahogany representative materials is the tension of the overall supply. At present, under the influence of the new CITES Convention, the two new varieties of Dwarf Dalbergia and Sian Dalbergia are late for the market. The lack of effective supplements, which inevitably pulled the market demand for mid-range rosewood raw materials such as Daguo red sandalwood and Aohuang Dalbergia, and the price was also high.
Some merchants have revealed that the current large-scale rosewood has a diameter of more than 60cm and has been reported to 25,000 yuan/ton, and there is still a rising trend. However, it is worth noting that although the price of rosewood represents a rising price, the volume has not increased significantly, and vice versa. According to the monitoring data of Yuzhu·China Timber Price Index, the volume of Daguo rosewood decreased by 29.41% compared with the previous week, and the volume of A. sinensis shrank by 8.7%. The manufacturers are cautious and do not dare to enter the goods easily.
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