According to ITTO, in contrast demand for American hardwoods remains are steady driven by interest in white oak, ash and walnut. High end furniture manufacturers seem to have enough work for the time being.
Over the past few weeks traders report some improved activity in the meranti market but this comes at a time when consumption had fallen very low so all that can be said is that there has been a modest recovery. A similar change has been seen in the iroko market.
As buyers look to cut costs demand for Saligna (eucalyptus) has also perked up especially as an alternative to native hardwoods.