China: Prices for log imports remain flat in May, hopes for revival of construction industry
May log import prices in China remained flat with very little market movement. Log inventory has started to reduce in China. Modest price increases are expected for June log sales. China log inventory has reduced with softwood levels (which is mainly New Zealand radiata pine) at about 3.2m m3. Daily off-take remains at 70-75k per day. The sale price for A grade pine logs in China during May has been around 116 USD. Exporters expect log prices will increase in June. The China Caixin Manufacturing PMI increased in April to 51.4 from 51 ...
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