High-end mahogany furniture may be speculated by hot money

In recent days, the price of rosewood furniture under the import and export control has been raised. Although the price of other rosewood furniture has not risen significantly, redwood merchants believe that the prices of rosewood raw materials and finished products will rise in the second half of the year. Local mahogany producers and raw material manufacturers have begun to seize the supply and hoard mahogany raw materials.

The number of redwoods on the endangered list has increased to seven

The Convention on International Trade in Endangered Species of Wild Fauna and Flora is also known as the CITES Convention. The species in the appendix must have an import and export license before they can conduct international trade. In March of this year, the 16th Conference of States Parties announced a new revised list of appendices, which was officially implemented in June. In addition to retaining the original sandalwood red sandalwood (Pterocarpus lobata) in the appendix, Dalbergia rosea and Dalbergia mesoamerica, Dalbergia davidii, Dalbergia davidiana, and Dalbergia rosenbergii will be restricted in the future transaction.

Cao Yimin, secretary-general of Dongyang City Redwood Furniture Industry Association, said that mainly because of the disorderly and excessive harvesting methods of some raw material suppliers, leading to fewer and fewer high-end redwoods, "It takes at least one or two hundred years to grow a redwood. For self-interest, harvesting regardless of the size of the trees will inevitably disrupt the growth balance of the entire tree species resource. "At present, Thailand, Cambodia, and some Central American countries, the main countries of origin of these mahogany tree species, have proposed protection, and their export controls have become stricter.



These mahogany tree species are currently the main raw materials for mid-to-high-end mahogany furniture.

"Jiaotou Dalbergia, Dalbergia Dalbergia and Lushi Black Dalbergia are relatively common raw materials for mahogany furniture. Dalbergia Centrala and Dalbergia in Belize are relatively rare in the Zhejiang market." Ruan, a redwood furniture distributor in the Oriental furniture market Ms. Jiaozhi Dalbergia is the most popular among consumers and belongs to high-end mahogany furniture.

Mahogany raw material suppliers began to grab goods

After the CITES appendix list was announced in March this year, mahogany raw material suppliers began to grab goods from all over the country. "Once listed on the endangered list, it means that the import and export of timber will be subject to very large restrictions." Cao Yimin said that from the feedback of many mahogany furniture manufacturers, the price of mahogany raw materials generally rose by 20% to 30%.

With the rise in raw material prices, the mahogany furniture market also began to fluctuate. At the end of last month, "Every Year Red" adjusted the price of Jiaozhi Dalbergia products by 15%; "Youlian Mahogany" said that there are still a lot of stocks. Considering the market reaction, the price will not be adjusted temporarily, but there will be changes in the second half of the year.



Cao Yimin analyzed that it is not the first time that redwood tree species have been listed as rare resources for protection. Prior to this, there was a precedent that sandalwood rosewood was included in the CITES appendix. Due to limited transactions and a serious shortage of goods, the price of one ton of sandalwood rosewood has increased from more than 200,000 yuan 8 years ago to a maximum of 3 million yuan, and the price of sandalwood rosewood furniture has naturally risen.

"Currently the price of Dalbergia rosea has increased by 30% compared to the end of last year, and the increase of Dalbergia rosea is also 15% -30%. Especially for Dalbergia rosea, the purchase price has been rising." Mr. Yuan, a redwood investor, said Good rosewood raw materials take hundreds of years to grow and have a certain collection value. The market may be filled with subscription sentiment, and it cannot be ruled out that there will be speculation that hot money will enter the market in the future.

Cao Yimin said that after the export of various redwoods is restricted, the supply of redwood is bound to decrease, while red iron and red sandalwood, saber and red rosewood, windmill and ebony are very similar. Consumers should be vigilant and beware of bad businesses being sub-charged. When consumers buy mahogany furniture, it is best to ask the business to mark the scientific name (ie Jiao Dalbergia, Dimple Dalbergia, etc.), or write the wood scientific name on the purchase contract as a basis for rights protection.

Price dilemma

"In the past six months, the sales of mahogany furniture have been unsatisfactory. First, the economic environment is not good enough. Second, the current thrift policy has further restricted such" high-profile consumption. "Han Jing admitted that the slow sales of mahogany furniture made some small and medium-sized Dealers dare not easily initiate price increases.

"In the past two days, I just adjusted the price of some high-end mahogany furniture in the store, with an increase of about 5%." Liu Lei, another mahogany furniture dealer in Dalian, said that at present, some high-end mahogany furniture stores in Dalian have raised their products one after another. Prices, some businesses even raise prices by about 30% at once.

"Small and medium-sized merchants often dare not raise prices in one step, but instead explore the market and gradually adjust prices. After all, for them, sales can only maintain their business. Once the price rises, the original deserted sales have stalled, it is undoubtedly" Look for death ahead of time. "Insiders said that for many dealers of mahogany furniture, the price increase driven by the industry's most upstream made them difficult to control.

The upstream push is difficult to reverse

The hesitation of some small and medium-sized businesses has not inhibited this round of "collective impulse" in the Dalian Redwood furniture industry. "After the newly revised" International Trade Convention for Endangered Species of Wild Fauna and Flora "came into effect, the price of Dalian rosewood furniture has generally risen by about 20%. Zou Benzhu, director of the Dalian Redwood Furniture Standardization Technical Committee, said that the rosewood furniture market in Dalian has" flew the wind ", The price increase has quietly started.

"Now, the ex-factory price of the mahogany furniture that we produced from Jiaohuang Dalbergia as raw material has been increased by 20% to 25%. And for our processing manufacturers, this is also a helpless move." Dalian Hemusheng Wood Industry Co., Ltd. The company's general manager Dong Jihu introduced that the mahogany raw materials used by their company were mainly purchased from Shanghai, Fujian and other places. Today, they have received price increase notices from upstream raw material suppliers, and the range is very large: the slightly inferior quality of Dalbergia rosea About 30%; the highest increase even reached 50%.

Dalian Redwood price twists and turns along the way

"This will be the largest price increase for Dalian Redwood Furniture in the past 10 years." Dong Jihu said that this price increase driven by the upstream industry will have a significant impact on the Dalian market, and sales in the Dalian market will decline in the short term.

"In 2007, the price peak of mahogany and mahogany furniture appeared once, which showed many" sky price myths "; in 2008, under the influence of the financial crisis, the mahogany market plummeted, and many investors and operators were locked up. Advertisements of "furniture spit blood sale" have been seen in various markets; in 2010, the mahogany market once again looked up, but in 2012 there were ups and downs ... "industry insiders said that in the great changes in the market of mahogany and its products like roller coasters, a lot of wealth has been achieved Mythology also pits many investors.

"Although the mahogany furniture market in Dalian has experienced many ups and downs, the overall interpretation is still rising. For example, the mahogany furniture made of Dalbergia rosea has increased more than 5 times in 10 years." Zou Benzhu said that this time, some mahogany species Strictly restricting international trade will fundamentally boost the price of mahogany furniture, because the source of raw materials is "cut off". In the future, the mahogany furniture in the domestic market may not only increase prices, but also become a scarce supply. Even one day, buying mahogany furniture will To complete the auction.

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