Raw material prices of banyan rosewood hit a three-year high

Due to the pressure of international public opinion, the Madagascar government recently banned the export of rosewood and other precious timber , and some ports in China have also imposed customs clearance to control the import of rosewood.

The promulgation of a series of customs bans has directly led to rising prices of domestic mahogany furniture .

Yesterday, the reporter visited the Fuzhou market and learned that from the second half of last year, the mahogany furniture market began to pick up. The price of finished mahogany furniture in the first half of this year has risen by more than 30%. Now the price of mahogany raw materials has reached a record high of 3 years, which makes mahogany Furniture collection and investment are heating up again.

In June, there may be another round of rise

Recently, the housing market and stock market have been sluggish, but the prices of mahogany furniture have been rising. Therefore, the Internet has spread the saying: "It is better to speculate in stocks than mahogany furniture." "Now the prices of many mahogany raw materials have reached a new high in nearly three years." Fujian Liantianhong Company Zhang, director of introduction, the first half of red wood at a rate of almost 5% monthly rise, the current good aniseed rose to around 40,000 ~ 50,000 yuan / ton; general lobular red sandalwood raw materials, about 28 in May last year 10,000-300,000 yuan / ton, currently rising to 400,000-400,000 yuan / ton; Vietnam Huanghua pear, good big and long material has now climbed to 2 million yuan / ton, compared with 1.5 million yuan in 2007 / Ton high, 30% higher. It is reported that by June 1st, the prices of Vietnam's Huanghua pear, red leaf sandalwood, and red rosewood may also be adjusted, and will increase by another 100 yuan per kilogram.

Most buyers of mahogany furniture this year are used to invest in collections

Fuzhou Xiyingmen a mahogany furniture store manager Chen told reporters, the first half of mahogany finished furniture generally rose more than 30 percent, Ming and Qing style, leisure best-selling mahogany furniture; pavilion in the Mercure a responsible person mahogany furniture store After the Spring Festival, the number of customers buying mahogany furniture increased significantly, of which investment and collection were the main ones.

Regarding the future investment prospect of the mahogany furniture market, many mahogany furniture manufacturers in Fuzhou analyzed that since mahogany raw materials are non-renewable resources, the scarcity of raw materials will inevitably make their prices more and more expensive. For example, Hainan Huanghualimu is the best among redwoods, which can only be grown in a few hundred years, and currently reaches 10,000 yuan per kilogram. As the economy recovers, the price of mahogany furniture is expected to rise.

Despite the promising outlook, the investment in mahogany furniture still has considerable risks. Industry experts told reporters that the price of mahogany furniture fell by more than 50% in 2008. In addition, the imitation mahogany furniture in the market is fake, so investors should be cautious.

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