African timber merchants reported that the price of sawn timber in the timber market changed little in early June, and only the price of hot wood was adjusted.Merchants said that buyers in the Chinese market are still the main driver of price increases, and European buyers have been more active in the past month.
China's demand is concentrated in Gabon and Oguman, and exporters expect sales of these two metals to perform well in the third quarter.The market demand for Sapele is slow but moderate, shipments are relatively stable, prices are firmer and are on the rise. In contrast, the market's demand for Xipu remains unchanged, and prices have remained almost unchanged in the past three months.The demand for African red sandalwood in the Chinese market has been very stable, and the recent interest in African red sandalwood has increased. In the Belgian market, the price of African red sandalwood is on the rise.
In general, international market demand is strengthening. African timber suppliers expect demand to slow but grow in the third quarter.