Recently, the price of yellow rosewood has nearly doubled in price within two months. Is the price increase of Huanghuali Wood caused by speculation?
The industry believes that if the price of mahogany rose five years ago, it does not rule out the possibility of hot money speculation, but in these two years, resources are scarce, and hot money is difficult to speculate.
In addition, in 2007, the price of mahogany soared and plummeted, causing some speculators to lose money and bankruptcy. Currently, the amount of liquidity in the market is already worse than before.
In other words, as mahogany raw material production areas in Vietnam, Laos, and other regions restrict the increase in redwood harvesting, the domestic redwood prices will accelerate this year. In addition, in addition to rising prices of mahogany furniture raw materials, labor costs have also increased by 20% -30%.
What is the current price of Huanghua pear?
The price of Huanghuali in November 2010 was 1,599 yuan/kg, and it was adjusted to 3,899 yuan/kg in January 2011, an increase of more than 1 time. The best redwood Hainan pear can be said to be absent in the market. It will not be available until 50 or 80 years later. Experts say that Huanghuali has an extremely long growth cycle and is equivalent to non-renewable resources within a certain period of time. Vietnam's major mahogany producing countries have strengthened their control over the cutting of redwood species, so market prices may rise.
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