Sales of forestry equipment plunge for PT United Tractors
Sales of heavy equipment to the forestry declined sharply, with one of Indonesia’s major heavy equipment suppliers, PT United Tractors, announcing a 96% drop in sales. Similar declines in sales were recorded for the mining, agriculture and construction sectors, according to Antara News.
Indonesia Log Prices |
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Indonesia logs, domestic prices | US$ per m³ | |
Plywood logs | Face Logs | 189-232 |
Core logs | 170-203 | |
Sawlogs (Meranti) | |
177-238 |
Falcata logs | |
145-179 |
Rubberwood | |
34-60 |
Pine | |
160-199 |
Mahoni (plantation mahogany) | |
490-516 ⇓ |
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Indonesia Sawnwood Prices | ||
Indonesia, construction material, domestic | US$ per m³ | |
Kampar (Ex-mill) | AD 3x12-15x400cm | 174-192 |
KD | 196-230 | |
AD 3x20x400cm | 222-245 | |
KD | 226-251 | |
Keruing (Ex-mill) | AD 3x12-15x400cm | 238-252 |
AD 2x20x400cm | 222-240 | |
AD 3x30x400cm | 202-221 | |
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Indonesia Plywood Prices | ||
Indonesia ply MR BB/CC, FOB | |
US$ per m³ |
2.7mm | |
408-465 ⇓ |
3mm | |
364-405 ⇓ |
6mm | |
321-385 ⇓ |
MR Plywood (Jakarta), domestic | ||
9mm | |
259-270 ⇓ |
12mm | |
251-261 ⇓ |
15mm | |
240-254 ⇓ |
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Other Indonesia Panel Prices | ||
Indonesia, Other Panels, FOB | |
US$ per m³ |
Particleboard | Export 9-18mm | 218-229 ⇓ |
Domestic 9mm | 191-203 | |
12-15mm | 182-193 | |
18mm | 172-184 | |
MDF | Export 12-18mm | 261-273 ⇓ |
Domestic 12-18mm | 240-251 ⇓ | |
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Indonesia Added Value Product Prices | ||
Indonesia, Mouldings, FOB | |
US$ per m³ |
Laminated Boards Falcata wood | 309-321 ⇓ | |
Red Meranti Mouldings 11x68/92mm x 7ft up | ||
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Grade A | 504-538 ⇓ |
Grade B | 459-480 ⇓ |
Mr. Hartadi A. Sarwono, Deputy-governor of the Indonesian central bank Bank Indonesia (BI), commented that BI would not allow the Indonesian rupiah to depreciate in order to boost exports. As reported in The Jakarta Post, Hartadi said such measures would not necessarily boost demand for Indonesian goods. Moreover, this course of action could carry risks as well, as most of Indonesia’s foreign debts are in US dollars. According to The Jakarta Globe, BI has also signed a 100 million yuan (USD15 billion) currency swap with the People’s Bank of China. This is the largest currency swap ever signed by Indonesia. The swap agreement was expected to increase trade and direct investment between the two countries. According to statements released by BI, it will also help stabilize the Indonesian money market and ease foreign exchange liquidity.