Mahogany furniture has always been regarded as the “pyramid†of furniture consumption. In the past ten years, the transaction price has doubled, and the price of some valuable types of logs has even increased by a hundred times. From 2010 to now, the price of red rosewood, one of the raw materials of mahogany furniture, has soared fourfold, and huge profits have lured investors to flock. However, recently, reporters visited several large-scale furniture stores in our city and learned that since December, the prices of bullish rosewood furniture have generally plunged sharply. Compared with the hot sales scenes in the past, the market sales of mahogany furniture in the city are cold, sales volume and Compared with the first half of the year, it was down 50%. Redwood raw material price fell 20% "In October, 150,000 people were bought, and now it is down to 130,000, but no one asks." Nanping Hongxing Meikailong Modern Furniture Hall, mahogany furniture seller Liu Chengjun pointed to a set of red rosewood tables and chairs, smiled bitterly Said to reporters. According to him, the price of furniture, not only the red rosewood, huanghuali, big leaf red sandalwood, and lobular rosewood, is generally 20% lower than that of October, and some furniture even cut prices by 50%. Liu Chengjun attributed the price reduction of mahogany furniture to the price reduction of raw materials. "The price of logs has come down, and the price of furniture has definitely declined." According to the reporter's understanding, the raw materials for mahogany furniture began to decline in size in December. Compared with October, Laos rosewood has dropped from 200,000 yuan/ton to 150,000 yuan/ton, and lobular rosewood has dropped from 1.2 million yuan/ton. 900,000 yuan / ton. The overall price of redwood raw materials fell by 15% to 20%. 　 Sales volume dropped by 50% However, the price decline did not lead to an increase in sales. The reporter saw in the furniture store that the business of four or five mahogany furniture stores was very light. He Fengzhi, another mahogany furniture seller in Nanping Hongxing Meikailong Modern Furniture Museum, said: "When the business was good in September, I sold five or six sets a day. Now I have nothing to compare. I have not opened this week." He Fengzhi told reporters Frankly, sales in the most recent month were 50% less than in the first half. “Buy up and not buy down!†Liu Hongfei, a citizen who came to consult the price of mahogany furniture, said, “Now real estate and stock market are not booming. I want to invest in mahogany furniture. I didn’t expect mahogany furniture to cut prices, but I bought it and lost it? Liu Chengjun said that mahogany furniture is expensive, and it is rarely bought and used. It is more about the appreciation of mahogany furniture. “More than half of the customers I receive are bought and invested,†He Fengzhi said. The reporter learned from the sellers of Yangjiaping Meijia, Jiangbei Zihongyuan Redwood Furniture City and other places that their sales of mahogany furniture were not satisfactory compared with the first half of the year. "This month's sales have not been half of the previous one." This is the most widely heard sentence in the interview. The withdrawal of hot money or the main reason for price cuts “The price of lobular rosewood in 2007 was 150,000. By the end of the first half of this year, the highest point has exceeded 1.2 million. In just four years, the price has increased by 8 times.†Talking about the arrogant price increase of mahogany furniture in recent years, He Fengzhi, a ten-year mahogany furniture business, is also incredible. According to him, the price of red rosewood before 2006 was 15,000 yuan / ton, and the average price in October this year has risen to 190,000 yuan / ton, nearly five times in five years. The price of huanghuali rose even more ridiculously, from 40,000 yuan / ton to 6 million yuan / ton, a surge of 150 times in ten years. The rising prices of raw materials have also made many mahogany furniture collectors see business opportunities. “The price of redwood is constantly rising, and the investment prospects are very good. At that time, there was some money in hand, I wanted to do some other investment, the property market and the stock market were not practical, I bought some mahogany furniture, I hope I can make a return.†I live in Jiangbei Guanyin Bridge. Shi Yongkun told reporters that in July 2010, he spent nearly 1 million to buy a set of furniture for lobular rosewood. According to an interview with the reporter, there are not a few people who have such an idea as Shi Yongkun. In Liu Chengjun’s view, the fall in the price of mahogany furniture has been caused by excessive speculation in the past few years. "Material scarcity theory makes many investors too optimistic about the appreciation space of mahogany furniture, many hot money participate in the process of mahogany hype, directly pushing the price of rosewood to double." He said. It is understood that the "Wenzhou Corps" was once the main force driving the rise of domestic mahogany furniture. Wenzhou investors used group speculation to buy a large amount of redwood raw materials in the primary market to hoard the speculation. In the past four years, the overall increase of mahogany furniture was 6-8 times. "At present, there are a lot of hot money in the society. Investors are eager to add value. The booming mahogany furniture market has made many investors see business opportunities." Zeng Guoping, dean of the School of Trade and Administration of Chongqing University, believes that the speculative behavior and hopes of vicious speculation The investment behavior is the two “pushing hands†of the rising price of redwood.
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December 31, 2019