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In the third quarter, the market repeatedly speculated on the subject of price hikes. First, the price increase of rare earths led to the resurgence of the rare earth boom, and then the price of cyclic products such as coal stopped falling and rebounded. Nowadays, the Convention on International Trade in Endangered Species of Wild Fauna and Flora (new revision), which came into force on June 12, has been in existence for more than two months. There are no small fluctuations in the market of the endangered varieties listed in the CITES Convention. The mahogany market is one of them. . According to media reports, in the past two months, the price of raw materials for rare mahogany has more than doubled compared with the same period of last year. Many mahogany furniture dealers in Qingdao have also raised their prices by 30%-50%.
According to the China Securities Journal, analysts said that in view of the fact that market funds are more likely to recognize the “price increase logicâ€, it is expected that the price increase of mahogany furniture will spread to related concept stocks, such as Yihua Wood (800978, stocks) involved in mahogany furniture ( 600978).
The endangered convention has taken into account the precious redwood raw materials
In the Convention on International Trade in Endangered Species of Wild Fauna and Flora (new revision), which came into force on June 12, according to China's national standard GB18107-2000, there are 7 species of redwood species listed in the CITES Convention. Among them, in addition to Brazilian black rosewood, Central American Dalbergia, Belize Dalbergia products are relatively rare in the domestic market, sandalwood rosewood, Sian rosewood, Lushi black rosewood and dimpled Dalbergia are common raw materials of mahogany products. . This means that the new Convention will have a direct and widespread impact on the domestic furniture market.
According to industry insiders, since the news was widely disseminated in April and May, the market can basically determine that the price of redwood will rise by a large margin. Taking Qingdao as an example, not only the “Dayi Red Squareâ€, but all the mahogany furniture manufacturers and distributors in Qingdao have been paying close attention to this news. In fact, the price of rosewood has continued to rise since the second half of last year, but the rate of increase is very slow; but since May of this year, the price of many rosewood raw materials has risen and then increased, compared with the same period last year, the price of some logs such as Jiaozhi rosewood. Has doubled.
Some analysts pointed out that the entry into force of the new Convention will inevitably have a greater impact on the mahogany market. According to reports, in addition to Brazil black rosewood, Central American Dalbergia, Belize Dalbergia products are relatively rare in the domestic market, sandalwood rosewood (commonly known as lobular rosewood), Sian rosewood (commonly known as Laos red rosewood), Lushi black and yellow Tan (commonly known as large leaf rosewood) and dimpled Dalbergia are common raw materials for mahogany products. Among them, sandalwood rosewood, Sian rosewood, Central American Dalbergia, Dwarf Dalbergia, and Belize Dalbergia are also listed in the appendix. This means that the more popular mahogany in these mahogany markets is “restricted tradingâ€, and the raw materials themselves are few. After the restrictions, the supply will become more tense and the price will rise.
Redwood investment is hot or spread to related concept stocks
The so-called things are rare, and the more fierce the price of mahogany furniture, the more attractive it is to attract investors. Objectively, in the first half of this year, the stock market has been ups and downs, and the price of gold has been “falling downâ€. More and more people are looking for and choosing new investment channels. Under this background, classical furniture made of rare mahogany will become new. A niche investment that few people like.
Wu Bingliang, vice chairman of the China Furniture Association, said that the wood of mahogany furniture is very precious, and the resources cannot be regenerated in a short period of time. With this kind of precious wood, carefully designed to produce fine art and art with rich artistic content, it usually has a high investment. With the value of the collection. Compared with real estate investment and stock market, mahogany furniture investment risk is small, and will increase with time, so it is suitable for long-term investment.
Analysts said that at the time when the redwood collection is getting hotter, the A-share market will respond to this. It is expected that the mahogany furniture concept stocks will benefit from the price hike of the mahogany furniture. It is reported that the Yihua Wood Collection Museum displays valuable valuable furniture such as yew, red rosewood and agarwood, including many yew logs that are up to 4 meters long, and red rosewood that takes years to complete. Dragon bed. At present, the company has hired master craftsmen to make productions with high salaries, and has established a factory specializing in the production of mahogany furniture. In the short term, the stock may be favored by funds.
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