"I sold a set of more than 200,000 yuan of furniture. After one month, the price has risen to more than 400,000. But now I am holding more than 200,000 but I can't buy furniture of the same material anymore. Now the market is on the market. It’s better not to sell it if it’s sold.†Shi Bingchen, general manager of Sunbak, told reporters. Recently, due to the rising price of redwood, in the just-concluded 2013 China (Kunming) Pan-Asian Furniture Home Redwood Products and Forest Products Expo, many mahogany furniture manufacturers have said: in the past six months, due to policy and other factors, mahogany resources The price of mahogany logs has risen wildly in the past six months, even to the point of one price a week. The price has increased several times in the past six months. As a result, most manufacturers began to reluctantly sell, hoard, and resell, and said that reselling timber is more profitable than selling furniture.
News background
Policy factor
The price of mahogany logs has skyrocketed
At the expo, most of the mahogany furniture manufacturers believed that the rise in rosewood prices was due to policy factors. The reporter learned that in June this year, the new Convention on International Trade in Endangered Species of Wild Fauna and Flora (also known as the CITES Convention) came into force. The Convention clearly states that among the materials used in the Chinese redwood industry, there are Sian rosewood and Chinese Dalbergia, Dwarf Dalbergia, Belize Dalbergia, and L. serrata are listed in Appendix II as Appendix III, plus the original sandalwood rosewood and Appendix I Brazilian black Dalbergia. Seven important redwood species enter the first and second grade protected plant catalogues, which means that these species must have import and export licenses or re-export certificates in order to conduct international trade. Under the new convention, the country of origin of the mahogany material (the market area) has banned mahogany felling and controlled export trade. Since May, Vietnam has taken the lead in raising taxes on redwood raw materials exports by 200%. In mid-October, Vietnam and Laos customs declaration companies informed Chinese partners that all the Sian rosewood ordered in these two countries must be cleared before October 25. Exports will be strictly prohibited in the future. As one of the major countries in the export of redwood, Myanmar also plans to stop the export of logs from April 1, 2014.
“Under the influence of these policy factors, the precious wood has become more scarce. The price of redwood has skyrocketed for a time, from one price in the first month to one price in a week, even more crazy, two or three days. At a price, almost all the mahogany manufacturers interviewed by reporters said this.
Seller story
Unexpectedly responding to resource scarcity prices
“This set of furniture is 11 sets, priced at 150,000, which is much higher than at the beginning of the year.†A person in charge of Ruili Confucian Classic Furniture pointed to a set of furniture on their booth and told reporters that in the past six months, The price of redwood logs has risen sharply. The price of Burmese rosewood was about 20,000 yuan/ton a week ago, and it rose to 40,000 yuan/ton in a week. Such a market situation makes him more and more difficult to understand the business of mahogany furniture for many years. But in spite of this, in order to ensure the production of raw materials, it can only be stocked. "Our sly material can only guarantee production in the first half of next year." But after half a year, he did not dare to think more.
"Now the market of mahogany furniture is very good, but we are not worried about the market, even if it can not be sold, the furniture itself is still appreciating, but the more it sells, the more it loses." Jin Pingping, general manager of Yilitaiheyuan, Ruili City told reporters. In the current market situation, the response of most mahogany furniture companies is to hoard wood. They said that as resources become scarcer and more resources are accumulated, the market and price initiative will be more.
The price is skyrocketing, and the price is dare to buy logs.
The reporter also noticed that most of the raw materials for mahogany furniture on display were from African countries, Myanmar, Laos and Vietnam. Xu Yuena, general manager of Ruili Mingjunguan Furniture Co., Ltd. told reporters that their company made mahogany-based furniture in Ruili in 2003, which is considered to be the earlier mahogany furniture manufacturer in Ruili. She has never encountered such a thing like this. Crazy market quotes.
She talked about her experiences in the past few months. In recent months, the price of redwood logs has been rising. The price of wood in Myanmar has reached more than 30,000 yuan/ton, and the price of high quality has reached more than 50,000 yuan/ton. Even if the price rises and then rises, but because of the scarcity of redwood logs, most manufacturers are now dumping goods. "Which price level is dare to buy, it is not without taking risks into account, but if you don't stock up, you may face no raw materials to provide production next year," she said. She also admitted to the reporter that in fact they did not worry about buying and not selling, but what worried her most was that she could not buy wood. She believes that for the optimistic market of the rosewood market, confidence mainly comes from several aspects: on the one hand, in the current policy background, the redwood will only become scarcer; on the other hand, the rosewood has investment, collection value, and more and more Many people are beginning to favor mahogany furniture, so the price of mahogany will definitely continue to rise.
I have reluctant to sell more than 40 million in a few months.
At the same time, Xu Yuena also told reporters that he bought more than 2,000 tons of Vietnamese squid wood in May. The price at that time was 17,000 yuan/ton. Now someone has offered 45,000 yuan/ton to buy it. If it is sold at this price, You can earn more than 40 million. But even so, she is still not willing to shoot. “It’s harder to buy at the same price after it’s sold, and the price of rosewood should rise.†She admits that such a profit could not be obtained by selling furniture. Therefore, at present, many manufacturers have greatly reduced the production of furniture, but instead hoarded and resold the raw materials of mahogany.
Buyer story
More than 500,000 yuan of furniture rose to
Two or three million yuan
Mr. Liu, who likes mahogany furniture, bought logs when he moved three or four years ago, and asked a special furniture master to customize the living room, dining room and some bedroom mahogany furniture. He spent more than 500,000 yuan at the time, but in recent years, with the rising prices of mahogany logs and furniture, Mr. Liu feels very proud: "In addition to use, it is still adding value, in terms of current market prices, I now say that this set of mahogany furniture is worth two or three million yuan." But he also said that because he likes it and the price is still rising, he will not sell it. At the same time, he also believes that the current mahogany furniture has a certain investment, collection value, but the current price of mahogany furniture is firm, even some investment-oriented collectors are not willing to resell. And he feels that as a finished product, the function of adding value and realizing is relatively weak.
A mahogany furniture factory owner also told reporters that the mahogany furniture they sold promised that the manufacturers could buy back the original price after a few years, but now, because the price of mahogany furniture has risen all the way, there is no buyer who is willing to buy the previously purchased mahogany furniture at the original price. Sold to the manufacturer, so he believes that for the manufacturers, the previous manufacturers to develop the policy of repurchasing at the original price is no longer suitable for the market.
Prudent investment
Redwood industry shuffle
Already inevitable
Policy factors have made the mahogany log resources increasingly scarce, and the price of logs has risen wildly, which will have an impact on the entire mahogany industry. Xu Yuena believes that at present, there are many mahogany furniture factories in Ruili, there are a total of seventy or eighty large and small, and most of the log materials are imported from Myanmar. Therefore, starting next year, Myanmar will stop the export of logs, which is for Ruili’s mahogany furniture factory. Said that the blow is definitely fatal. Therefore, the shuffling of the mahogany industry will be inevitable. Some small, non-financial companies with poor processing skills will be eliminated by the market.
A surnamed boss who specializes in the mahogany timber business in Guangdong also told reporters that the current price of redwood has risen sharply. There are also factors in price speculation. In addition to experts, many investors have poured into price speculation. Although in the long run, the price of redwood will indeed keep rising. But he said that the current mahogany industry is facing a situation in which flour is more expensive than bread. The price of logs has increased several times, while the price of furniture has not increased much, and the increase is only about 20% to 30%. This situation will inevitably lead to the reshuffle of the entire industry, and some manufacturers with weak financial strength will be eliminated by the market. Although in this round of price increases, many manufacturers have gained huge profits by hoarding and selling wood, but the risks also exist at the same time. Therefore, under the current market conditions, investing in rosewood also needs to be more cautious and cannot be blindly entered.
In this regard, Linghe, president of the Yunnan Forestry Industry Association, also pointed out that the rosewood industry has developed rapidly in recent years, but subject to resource constraints, the demand for redwood in the future market will not decrease. In this case, the manufacturer only has to store raw materials to deal with. He said that in the current scarcity of redwood resources, manufacturers should avoid the waste of resources, and make every piece of mahogany furniture into a boutique, so that it has investment value.
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