Price speculation after 4 mahogany furniture into new furniture had the largest decrease

"Now buy mahogany furniture, can reach up to 6 fold." From the end of last year, the rosewood furniture all the way bullish play value "high platform diving," a number of rosewood furniture shop in Shanghai have also engaged in promotion, special push. The reporter learned from the industry that pushed up the first two years of three to four times the Redwood materials, in March of this year bottomed out, and some even decline by 60% -70%, but some of them have turned up to the scarcity of wood. The industry have suggested that the choice of technology of the scarcity of well-done long-term investment mahogany furniture.

Neolitsea biggest new furniture

"Buy now will not be too cost-effective wood furniture Oh." Yesterday, the reporter visited the home a number of stores in Shanghai within the mahogany furniture business, with each business are desolate. The same sales force that down! Quyang shop in the state of the business within a mahogany furniture, a red bar table price for 13,000 yuan, sales staff, the minimum can play 6 fold, and in the first half of last year, do not discount a similar product is also sold . Place furniture in the spring of Hongkou Shenjiang a classical mahogany shop furniture store, a salesperson said that the original price of nearly 8 million of the coffee table, seating portfolio turnover will be able to fold now. Another business, pointing to a chicken wing wood told reporters that have sold 40,000 yuan, 20,000 yuan now.

The East China area, a business sales manager, told reporters, in which prices of mahogany furniture, the new wood new furniture so a larger drop, the average fell 50 percent, the old wood new furniture so there are 3-4 per cent decline. "Some are not high quality, technological ill-equipped small furniture factories have closed down."

Timber prices were for speculation

"Economic downturn in consumer demand led to falling prices is a mahogany one of the reasons why, but speculation arising prior to the Redwood bubble prices of raw materials is the fundamental reason for prices to fall." Furniture Industry Association of Shanghai, director of Information Department told reporters, raw materials, the first half of 2008 pushed up to a peak of mahogany, pear Vietnam, Hainan pear, sandalwood lobular produced three kinds of precious wood furniture the biggest rise, up almost 3-4 times, such as quality of pear or even sell have been to a few million dollars per ton, and now it was down to 70-80 million tonne.

"Many laymen do not understand, followed by Redwood speculators pushed up the price." Mahogany industry in a few years, a veteran of the industry sources, some businessmen through speculation Redwood Redwood rare, extinct, be transmitted, such as the concept of future generations, in 2006 -- 2008 try for the first half of the past two years the price of mahogany. The high price has suffered a financial crisis.

Recently, however, the price of wood raw materials rose. The quality of mid-range price of Indian sandalwood lobular minimum of 36 million yuan per ton, and per ton in the last month rose by 8 million, the price of red back to around 50,000 yuan per ton price. Shanghai Timber Industry Association Professional Committee of a mahogany analysis revealed that, with the mahogany furniture and mahogany enterprises started diminishing stocks of raw materials, wood materials prices rise, by the end of April than at the end of the overall price increase of about 20%.

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Redwood hunters depend on technology

"Redwood materials prices rose, the reaction to the retail price of mahogany furniture that may need 2 months time." One of the industry predicted that after two or three months, rosewood furniture to start a small price. Is at a low price for the mahogany furniture, some consumers prepared to hunters. In this regard, Shanghai director of furniture industry association said that from the long term, mahogany furniture, we do have a potential hedge against inflation, but the short term, perhaps there will be fluctuations in the price. told reporters that investment in the key collection of mahogany furniture depends on the use of the technology itself, including basic shapes, such as cultural content, a number of craft furniture ill-equipped even in the bull market can not be sold also.

Reporters also learned that Redwood will also depend on whether the value of its output. To industry sources, India produced Deyeuxia Rosewood, the Lao Red produced now has control of the export volume, which also was a two-month Laos will stop the export of red news, so the timber can be expected price is expected to continue to rise. And African Rosewood Acacia produced as a result of increasing export volumes, has moved from a maximum 120,000 yuan per ton fell at 40,000 yuan, current prices are still low. In addition, the industry have suggested that the investment can be as small pieces of mahogany furniture, the main parts.