2015 mahogany furniture market in the first half: the price down the "waist cut"

August 19, the Chinese Redwood Committee announced the "first half of 2015 mahogany market situation report", the report shows that the mahogany products market sentiment index hit a new low of 19 months, the recent exchange rate fluctuations is to make the market worse.
Mahogany market fell into the "freezing point"
China Redwood Committee on August 19 announced the "first half of 2015 mahogany market situation report" shows that China's total imports of 455,100 cubic meters of mahogany, down 62.37%; imports of 565 million US dollars, down 65.99%. Among them, imports of 377000 cubic meters of logs, down 64.24%; imports amounted to 458 million US dollars, down 68.15%. The average price of imports of logs in the first half of 1236.8 US dollars / cubic meter, down 10.93%, imports of sawn timber also volume and price Qi, the market in the "waist cut" state.
There is no doubt that the primary market has fallen to the bottom, I did not expect the "floor" below the "basement" - China Redwood Committee released the national mahogany products market sentiment index (HPMI) in July 2015 the value of 90.3, down 27.8%, the chain fell 5.3%, the index released 19 months since the new low. Relevant data show that last month the industry orders fell 11.7% year on year, the chain fell 6%. Production also continued to decline, reflecting the mahogany market terminal consumption sluggish to the industry production has brought a huge downward pressure. It is noteworthy that the industry employment rate fell nearly 60% year on year, means that the lack of orders and start-up on the impact of the labor market. "A lot of small factories shut down, or in fact in a shutdown state, because the upper reaches of the money or working capital is not working, from the terminal orders and very few." Mr. Xie said.
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