The devaluation of the Vietnamese Dong has raised the price of mahogany raw materials, and the price of mahogany furniture is facing rising prices.

Originally thought that the value of the Vietnamese Dong will make the price of mahogany raw materials lower, which knows that it is too early - on February 21, Mr. Zhuang, who got a new quotation and made a mahogany business, said: "Redwood furniture may have to rise again. The price is up."

The supplier is a "grandfather"

Knowing that the Vietnamese devaluation news was at the beginning, some people in the mahogany furniture industry were optimistic that the price of mahogany raw materials imported from Vietnam could be cheaper, because in theory, the devaluation of the Vietnamese dong means that you can buy more if you spend less renminbi. Redwood. However, the actual situation is that the Vietnamese side has recently raised the price of redwood raw materials and requires settlement in RMB.

"The price can't be pressed down. It's said that you don't buy it. Some people are rushing to buy it." Mr. Zhuang said that because the supply is indeed tight, the Vietnamese supplier is a "grandfather" mentality.

Mr. Zhuang introduced that the example of Hainan huanghuali, Vietnam huanghuali, was only 50,000 yuan per ton at the end of last year, but now it has risen by more than 15%. Some suppliers do not even use "tons". For the unit, use "jin" to calculate the price.

Vietnamese Dong devaluation Vietnam rosewood prices do not fall

Cai Chaozhong, head of Minghongtang Redwood, also heard similar news when he returned to Xianyou for two days. He called the reporter and said that Laos red rosewood raw materials have risen in price, with an average increase of more than 10,000 yuan per ton.

Supply and demand gap into the main reason for price increase

What factors have caused Vietnamese suppliers to “have goods to be the Lord”? The industry believes that it is the current collection and hype of mahogany furniture.

“After the Spring Festival, Xianyou has opened a lot of new factories (redwood furniture).” Cai Chaozhong said that the new factory is going to start construction, and it must be prepared, which stimulates the demand for redwood raw materials, while Laos’ red rosewood raw materials are especially Hot.

As one of the Chinese mahogany furniture manufacturing bases, the situation of Xianyou reflects the current heat of mahogany furniture in China. Cai Chaozhong believes that the hype in the mahogany market, coupled with the mad hoarding, makes the increasingly scarce Laos red rosewood more tight.

According to reports, the first stop of Vietnam's import of redwood raw materials into China is Guangxi, while Guangxi Pingxiang is the distribution center of China's redwood raw materials trading, and the merchants and collectors who go to the rushing goods are endless. Mr. Zhuang said that the increase in the price of raw materials for mahogany did not affect local sales, but instead led to a faster increase in sales.

Furniture store brewing

It is understood that as the price of raw materials of the source of redwood continues to rise, the price of finished furniture products is also rising, so the merchants are already brewing price adjustments. "At the moment, let's take a look at the reaction of the market. After all, it is the traditional off-season sales of mahogany furniture." Mr. Zhuang said that the price adjustment is only a matter of time.

From the price of raw materials to the rise in the price of manufactured goods, the price transmission during the period needs a process. For mahogany furniture, it takes almost a month, plus the current price increase, so after one month, the price of mahogany furniture should rise further. It is a nail on the board.

Peng Jianchu, director of the Furniture Committee of the Xiamen Branch of the Fujian Collectors Association, also believes that a set of 10 sets of Laos red rosewood furniture (traditional craftsmanship) can still be bought at a price of more than 100,000 yuan, but after half a year, there is no 200,000. The price above the yuan has basically been removed. If it is three years later, I am afraid that the red rosewood in Laos has become a collectible like the Vietnamese huanghuali. The market is rarely circulated. "Unless a big economic crisis, the price of redwood is hard to come down." Peng Jianchu said.

Related reports

Rosewood furniture sales are not light

"It's very strange. Since the beginning of the spring, there is business every day." Yesterday, the person in charge of Xiamen Redwood Furniture in the past year believes that according to the current trend, the sales of mahogany furniture this year will be "not off-season."

The reporter saw in the sales record that only yesterday, even the year of the red set out three sets of furniture, namely the Arhat bed, dining table and sofa.

The person in charge of the year-end red told reporters that in the first half of the year after the Spring Festival to the end of August, it is generally the off-season of mahogany furniture sales, especially during the period just after the Spring Festival, basically there will be no business, but this year seems A bit abnormal.

The feedback from mahogany furniture companies such as Gao Jun and Ming Hong Tang is also quite the case. “It is obvious that everyone is finding a way to find funds and looking for ways to preserve and increase value.” Cai Chaozhong believes that mahogany furniture, especially Laos red rosewood, just meets the demand for funds, so it is expected that this year’s off-season will also be exciting. which performed.

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