| Malaysia’s exports fall 15.9% in February |
| 19/04/2009 - 11:45 |
Malaysia’s exports fell 15.9% in February 2009, when
compared to February 2008 exports, as reported on
CNBC.com. Exports in January 2009 declined 27.8%
compared to the previous year, the steepest decline in
nearly 30 years. Economists commented that the current
economy is performing better than predicted, but cautioned that a decline in exports at least over the next
few months will hover in the realm of 20%.
Timber prices steady but may not hold
Prices of Malaysian timber products remain weak but
steady as thunderstorms continue to hammer the country,
making timber extraction difficult. However, prices are not
expected to hold. Foreclosures of both private and
commercial properties were on the increase in the wake of
massive layoffs by major MNCs and a slump in domestic
demand. At the forefront of the layoffs were suppliers of
major building/construction material and household
accessories.
Prices of residential properties, often propped up by
foreign investors and speculators, may actually decline for
the first time. Some analysts commented that the
Malaysian economy will take 2 to 3 years to recover, and
will do so only after there is some upturn in the US
economy.
Malaysia Log Prices
Malaysia
Log Prices
| Sarawak
log, FOB |
US$
per m³ |
| Meranti SQ up |
230-254 |
|
Small
|
212-243 ⇑
|
|
Super small
|
201-225 ⇑ |
| Keruing SQ up |
217-229 |
|
Small
|
187-218 |
|
Super small
|
162-193 ⇑ |
| Kapur SQ up |
207-232 |
| Selangan Batu SQ up |
178-215 |
|
| Pen. Malaysia
logs, domestic (SQ) |
US$ per m³ |
| DR Meranti |
232-251 |
| Balau |
300-327 |
| Merbau |
324-359 ⇓
|
| Rubberwood |
40-75 ⇓ |
| Keruing |
216-232 |
| Peninsular
Malaysian meranti logs are top grade and are used for scantlings for
the EU. Their prices are higher than Sarawaks. |
Malaysia
Sawnwood Prices
| Malaysia
Sawnwood,
FOB |
US$
per m³ |
| White Meranti A & up |
282-313
|
| Seraya Scantlings (75x125 KD) |
455-470 ⇓
|
| Sepetir Boards |
251-273
|
| Sesendok 25,50mm |
355-373 ⇓
|
| Kembang Semangkok |
296-319
|
|
| Malaysian
Sawnwood, domestic |
US$ per m³
|
| Balau (25&50mm,100mm+) |
335-355 ⇓
|
| Merbau |
479-531 ⇓
|
| Kempas 50mmx (75,100 & 125mm) |
266-306
|
| Rubberwood |
25x75x660mm up |
194-244
|
| 50-75mm Sq. |
236-268
|
| >75mm Sq. |
258-287
|
Malaysia Plywood Prices
| Malaysia
ply MR BB/CC, FOB |
US$
per m³ |
| 2.7mm |
416-478 ⇓
|
| 3mm |
393-423
|
| 9mm & up |
338-410
|
| Meranti ply
BB/CC, domestic |
US$ per m³ |
|
3mm
|
389-430
|
|
12-18mm
|
323-352
|
Other
Malaysia Panel Prices
| Malaysia,
Other Panels, FOB |
US$
per m³ |
| Particleboard Export 12mm & up |
230-253
|
|
Domestic 12mm & up
|
215-232
|
| MDF
Export 15-19mm |
285-317
|
|
Domestic 12-18mm
|
274-292
|
Malaysia
Added Value Product Prices
| Malaysia,
Mouldings, FOB |
US$
per m³ |
| Selagan Batu Decking |
550-560 ⇓
|
| Red Meranti Mouldings 11x68/92mm x 7ft up |
|
Grade A
|
566-579 ⇓
|
|
Grade B
|
517-526 ⇓
|
Malaysia
Furniture and Parts Prices
| Malaysia,
Rubberwood, FOB |
US$ per piece |
| Semi-finished dining table solid laminated top
2.5'x4', extension leaf |
58-74
|
| As above, Oak Veneer |
65-79
|
| Windsor Chair |
57-59
|
| Colonial Chair |
55-60
|
| Queen Anne Chair (soft seat) |
without arm |
55-63
|
| with arm |
55-64
|
| Chair Seat 27x430x500mm |
43-48
|
| Rubberwood
Tabletop |
US$ per m³ |
| 22x760x1220mm sanded & edge
profiled |
|
Top Grade
|
556-588 ⇓ |
|
Standard
|
541-559 ⇓ |
|
| (ITTO's Tropical Timber Market Report) |
 |
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