Softwood inventory levels in China have dropped slightly to 4.5mln m3 and daily offtake remains steady at 75k per day. This inventory level is about 40% higher than normal for this time of the year.  There will be reduced log supply in Quarter 1, 2021 due to:   The New Zealand Forest Industry Contractors Association said that in a recent survey of members only about 35% were operating at normal capacity.  Many harvesting crews will stop work for three to four weeks over the Christmas/New Year period.  Germany’s logging of bark beetle ...