Abstract: Timber industry banks have loose credit, relatively low difficulty in loans, and large amount of lending. Last year, a large number of steel traders switched to the timber market, and the timber industry is currently a “seller market”. Resources are tight, and prices are easy to rise and fall... ..
Wu Jiangming said, “Because the environment of the steel trade industry has become bad, some steel traders have already withdrawn from this circle last year and switched to the timber market. The credit line of this line is relatively loose, and the overall environment of the timber market is better.”
Steel merchants have no choice but to transform the timber industry to stand by
Wu Jiangming, director of Wowo Steel Co., Ltd. of Shanghai Wodun Steel Trading Co., Ltd. said in an interview that the timber industry bank has loose credit, relatively low loan difficulty and large loan amount. Last year, a large number of steel traders switched to the timber market.
China is a global timber demand country with annual wood throughput ranking first in the world, and 40% of consumption needs to rely on imports. In recent years, with the strengthening of national environmental protection, the future of the timber market is optimistic.
“CME (the Chicago Mercantile Exchange, the full name of the Chicago Mercantile Exchange) last year, timber futures prices rose by 40%, while the Chinese market demand did not fall, but also pushed up the price.” Wu Jiangming said, “although 2012 The overall financial environment is not ideal, but the gap between industry and industry is still very large. The timber trade is obviously much better than steel. Many people simply switch to the franchise timber trade."
It is reported that despite the “diving” of commodity prices in the fourth quarter of 2011, the price of timber is firm. The prices of various types of wood produced in China are basically stable or even slightly higher under the impact of the Great Climate.
The industry believes that the problem of overcapacity in the steel industry is highlighted. In the context of the financial turmoil, the risk of business operations has increased. The timber industry is currently a “seller market”, resources are tight, and prices are easy to rise and fall. It is also related to the "three rural issues", the policy is fully supported, the credit is difficult, and it occupies the right place. In this context, it is not surprising that the “abandonment of steel from the forest” has increased significantly.
"Now, if it is steel trade, it is generally difficult to lend money, and if it is made of wood, the bank approval will be much looser." Wu Jiangming said, "In addition, the steel trade industry has transformed into agricultural resources, There are also a lot of coal, very helpless, the outflow of our industry is very serious.” According to the Wood Information Network, the timber market has been sluggish in recent years, and the sharp rise in the price of construction timber in North America has caused the profits of Chinese timber merchants to decline. Many timber merchants The steel merchants who said that the business is not good, but are even worse, saw the development prospects of the timber market from the perspective of laymen.
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