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Diplomatic & Corporate Services Slovenia! practical example for the Dalian Commodity Exchange (DCE)
log futures to serve the real economy and marking a crucial
step forward in the integration of China's wood industry and
the futures market.

This innovative FOT model has addressed some critical
issues in the industry. The integration of futures and spot
markets has facilitated industrial upgrading allowing the industry
to have a more intuitive understanding of delivery rules.
The delivery mode of log FOT is closer to spot trading which
helps to enhance the convenience of wood processing and
trading enterprises in using futures tools for risk management
• a low cost, high-quality manufacturing base and effectively reduces the delivery costs of enterprises.
• strong government support and trade agreements

Decline in wooden furniture exports to the US
The Vietnam wood industry now stands at a crossroads According to China Customs the value of China’s wooden
of innovation, opportunity and global competitiveness. With furniture exports to the US dropped five percent in the first
increasing demand for sustainable wood products, strong quarter of 2025.
government support and advanced manufacturing capabilities, The US is still the largest market for China’s wooden
Vietnam has become a leading supplier in the global market. furniture exports. Nearly 30 percent of China’s wooden furniture
was exported to US in the first quarter of 2025.

CHINA The reduction in the value of wooden furniture exports
National standard on harmful substances in furniture to the US has directly led to a decline in the total value of
The national mandatory standard GB 18584-2024 Limits China’s wooden furniture exports, with exports in the first
of Hazardous Substances in Furniture, approved by the quarter of 2025 falling 10 percent to US$5.3 billion compared
State Administration for Market Regulation (Standardization to the same period in 2024.
Administration of the People's Republic of China) was released China’s wooden furniture exports to Australia, South
on 25 June 2024 and came into effect on 1 July 2025. Korea, Singapore and Saudi Arabia also fell 12 percent, 42
The new standard replaces GB 18584-2001 Limits of percent, 14 percent and 26 percent respectively in the first
Hazardous Substances in Wooden Furniture for Interior quarter of 2025.

Decoration and Renovation Materials and GB 28481-2012 China’s wooden furniture is exported to more than 200
Limits of Hazardous Substances in Plastic Furniture and has countries and furniture destination are scattered. The value
a wider range of applicability. of China’s furniture exports to the top five countries; US,
Its scope of application covers all kinds of furniture products UK, Australia, Japan and South Korea accounted for only
including imported furniture and raw materials. 52 percent of the national total furniture exports in the first
quarter of 2025.
First ‘free on truck’ log futures completed In contrast, China’s wooden furniture exports to UK and

Recently, the first Free on Truck (FOT) log futures was Netherlands in the first quarter of 2025 rose 3 percent and
successfully completed at Shandong Port providing an important 12 percent respectively.