Rosewood prices rose slightly

At present, the raw materials that are widely used and recognized in the mahogany furniture market, such as Dalbergia japonica and lobular rosewood, have been rising in import prices. Wu Xinjian, chairman of Beijing Jinfei Redwood Furniture Co., Ltd., said that the price of imported logs of Dalbergia japonica, commonly known as Laos red rosewood, has been rising in the past two years, especially since the Spring Festival this year, and the price increase has reached about 20%. “I just entered a batch of goods from the China-Muslim border in March and found that the import price of Dalbergia japonica rose by about 30% compared to last year. Other species, such as Dalbergia japonica and Balinese Dalbergia, are rising in price, and the rate of increase has also reached 10%-15%."

Fu Junmin, chairman of Xuanming Dianju Classical Furniture Factory, also stated that although there are occasional price fluctuations, the price rise of mahogany logs is a general trend. He said that from the end of 2012, it was announced that the price of the Dianju branded product had already adjusted its price, which was about 15%.

Wu Xinjian also said that the labor cost of the mahogany market has gradually increased in the past year, coupled with the scarcity of mahogany raw material resources, and the price rise of mahogany products is inevitable. “There is no large-scale price increase for mahogany products on the market, but it is estimated that if prices do not rise in September and October of this year, there will be a group of businesses that will have difficulty operating due to cost and even drain them.” He analyzed that at present, There is no large-scale raw material speculation phenomenon. “I understand the market situation is that most companies are currently trying to pick materials, and some businesses buy raw materials at a lower price, but also pick them up.”