Recent reports indicate that the Canton Fair, held a few weeks ago, had a modest impact on the teak market. While some orders were placed, they were mostly small in scale and not large volume purchases. This suggests that demand remains cautious, with buyers preferring to test the market before committing to bigger deals. Despite this, teak prices have shown relative stability in recent months, which is a positive sign for both suppliers and traders.
The overall market has stabilized, with little fluctuation in pricing. Currently, in Guangdong, the price for A-grade teak (Watcheng material) measuring 2.2 to 4 meters in length and 10 to 30 centimeters in thickness ranges between 21,000 to 23,000 yuan per cubic meter. This steady pricing reflects the current balance between supply and demand, as well as the cautious approach taken by many buyers in the wake of economic uncertainties.
Industry insiders believe that the continued stability of teak prices is partly due to the limited availability of high-quality wood, which helps maintain market confidence. However, they also note that further improvements in demand will be crucial for long-term growth. As the global market continues to evolve, the teak industry is closely watching how trade fairs like the Canton Fair can help stimulate more substantial business opportunities in the future.Car Cabin Decoration,Elevator Car Decoration,Elevator Sill Decoration,Elevator Elevator Threshold
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