Vietnam softwood market sluggishMay 26th, 2015 | Posted by
The last few weeks have been pretty slow for imported softwoods sales to Vietnam and I wonder what are the reasons for this unexpected development? Most of our Vietnamese customers say that the market is being flooded with softwoods from all over the world due to the slowing economy in China and lot’s of timber being diverted to Vietnam. Other says that the recent volatility of exchange rates is causing havoc. In any case many softwood suppliers are panicking and searching for ways to keep their export volumes to VN. Whatever the reason it is certainly causing prices to drop to the extend that some Vietnamese buyers try renegotiating prices of material already on the water. A pretty unpleasent and unexpected situation and we are not sure how long this will last.