Malaysia: Prices steady as market lulls during Chinese New Year

Prices of Malaysian timber products steadied as the market closed for the annual Chinese Lunar New Year. Exporters continued to be optimistic about price stabilization in the near future as the next general election would take place early next month. However, experts in Asian markets expressed concern over stock prices on Wall Street and were of the opinion that the US may indeed be heading toward a recession.

In addition, Weyerhaeuser Co., the largest US lumber producer, chalked up a fourth quarter loss of USD63 million after shutting down lumber mills and slashing output as a slump in residential real estate deepened. This adds fuel to the fire that the US market for Malaysian timber products such as wooden furniture may be in serious trouble.

Malaysia Log Prices

Sarawak log, FOB	US$ per m3
Meranti SQ up	295-315
Small	270-292
Super small	256-266
Keruing SQ up	269-280
Small	232-262
Super small	223-232
Kapur SQ up	243-260
Selangan Batu SQ up	268-294
Pen. Malaysia logs, domestic (SQ)	US$ per m3
DR Meranti	350-392
Balau	285-315
Merbau	413-435
Rubberwood	233-251
Keruing	278-294
Peninsular Malaysian meranti logs are top grade and are used for scantlings for the EU. Their prices are higher than Sarawak’s.

Malaysia Sawnwood Prices

Malaysia Sawnwood, FOB		US$ per m3
White Meranti A & up		428-451
Seraya Scantlings (75x125 KD)		708-747↓
Sepetir Boards		321-333
Sesendok 25,50mm		444-474
Kembang Semangkok		426-442
Malaysian Sawnwood, domestic		US$ per m3
Balau (25&50mm,100mm+)		343-363
Merbau		560-580 ↓
Kempas 50mmx (75,100 & 125mm)		286-302
Rubberwood	25x75x660mm up	277-305 ↓
	50-75mm Sq.	299-323
	>75mm Sq.	315-345

Malaysia Plywood Prices

Malaysia ply MR BB/CC, FOB	US$ per m3
2.7mm	478-504
3mm	455-480
9mm & up	410-433
Meranti ply BB/CC, domestic	US$ per m3
3mm	454-464
12-18mm	390-398

Other Malaysia Panel Prices

Malaysia, Other Panels, FOB	US$ per m3
Particleboard Export 12mm & up	225-243
Domestic 12mm & up	212-229
MDF Export 15-19mm	293-318
Domestic 12-18mm	266-287

Malaysia Added Value Product Prices

Malaysia, Mouldings, FOB	US$ per m3
Selagan Batu Decking	680-697↓
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A	719-738↓
Grade B	630-648↓

Malaysia Furniture and Parts Prices

Malaysia, Rubberwood, FOB		US$ per piece
Semi-finished dining table solid laminated top 2.5'x4', extension leaf		55-71
As above, Oak Veneer		62-76
Windsor Chair		53-56
Colonial Chair		46-54
Queen Anne Chair (soft seat)	without arm	47-60
	with arm	51-60
Chair Seat 27x430x500mm		34-39
Rubberwood Tabletop		US$ per m3
22x760x1220mm sanded & edge profiled
Top Grade		616-626
Standard		583-601

Malaysia: Prices steady as market lulls during Chinese New Year

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