There is no doubt that the weak transactions in the real estate market will most impact the timber market as the industry closely related to real estate, and it is the main reason for the insufficient demand power in the market. Under the keynote of “house is used for living instead of speculation”, the overall turnovers of real estate in China in 2017 declined sharply, with the year-on-year decrease of 16.17%, and the turnovers in the first-tier cities declined by 37% sharply.

According to the monitoring data of CTI, turnovers of rosewood, log, converted timer, artificial board and floor respectively declined by 8.75%, 12.7%, 4.94%, 34.12% and 25.76% on year-on-year basis in the first quarter of 2018.

Among all kinds of timbers, pterocarpus erinaceus, a popular assortment of rosewood most concerned by the market cannot reverse the dilemma of delivery difficulties. From the situation fed back by the operators, demand is the key to high inventory and delivery difficulties of pterocarpus erinaceus. It is learned that since the beginning of 2018 till now, the downstream furniture plants have had the limited orders of finished furniture, and the material purchasing strategy of purchasing while using has dominated the market for a long time.

（Source：JJGLE.COM）