Recent reports indicate that the Canton Fair, held a few weeks ago, had some positive impact on the teak market by bringing in a limited number of orders. However, most of these were small-scale purchases rather than large bulk deals. Despite this, teak prices have remained relatively stable in recent weeks, showing a sign of market recovery and confidence.
The overall teak market has shown signs of stabilization, with buyers and sellers adopting a more cautious approach. This stability is especially notable in Guangdong, where teak is one of the most commonly traded hardwoods. Currently, the price for A-grade teak (Watcheng material) in Guangdong ranges from 21,000 to 23,000 yuan per cubic meter. The dimensions typically available are between 2.2 meters and 4 meters in length, with thickness ranging from 10 cm to 30 cm.
Market observers suggest that while demand remains moderate, the lack of significant price fluctuations indicates a balanced supply and demand situation. Some traders believe that the upcoming season could bring more opportunities, especially if international buyers show increased interest. For now, the teak industry continues to move forward cautiously, with a focus on maintaining quality and customer relationships.FUJI Elevator Control Cabinet,Elevator Control,Passenger Elevator Control Cabinet,Elevator Door Motor Drive
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