Constrained log supply could maintain price pressure in China
The price for logs in China has risen steadily this year on the back of anticipated increased demand after the Chinese New Year. The price for A-grade logs is now above 160 USD per JAS m3. The inventory of pine logs at the 23 main log ports in China had dropped in January but is now back to around 4.5m m3 and daily offtake has started again after the Chinese New Year. Log supply from NZ remains lower than expected. The previously mentioned wet weather and cyclone in New Zealand slowed the rate of ...
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