An analysis of the impact of brexit on China’s timber market

An analysis of the impact of brexit on China’s timber market

Brexit is on the way. So what is the impact of brexit on China’s timber market?

1. The continuous appreciation of the pound led to the continuous rise of the euro, which caused a considerable part of European timber, such as European pine wood-based panel, Finnish pine, to rise in the current price, and European timber will appreciate;

2. While the pound and euro continue to rise, the US dollar index continues to decline, resulting in a partial decline in North American timber trade prices;

At this time, the yen rose steadily and slightly, and the price of Japanese imported wood such as Fraxinus mandshurica will continue to rise;

4. Others, such as Pinus sylvestris var. mongolica, Pinus radiata var. radiata var. New Zealand, PNG, Africa and South America, will decrease.

5. Mahogany is mainly affected by the supply side caused by the policies of the producing countries in the short term, and the correlation between mahogany and currency fluctuation is not obvious.

This shows that European timber prices will change (increase) in the short term. North American timber, Fraxinus mandshurica, mahogany, etc. will decline.

如无特殊说明,文章均为本站原创,转载请注明出处。If there are no special instructions, the articles are original, if you want to use or reproduce, please indicate the original source www.plywoodinspection.com,If you find that our articles infringe on your copyrights and interests, please email us at info@plywoodinspection.com in time and we will delete it at the first time.

Check Also

Guigang ranks first in terms of wood-based panel output and wood processing output value in Guangxi in 2019

Guigang ranks first in terms of wood-based panel output and wood processing output value in …

Leave a Reply

Your email address will not be published. Required fields are marked *