While log supply from North and South America in China has virtually dried up the volume from Europe continues to increase. These logs are sold at lower prices than radiata logs from New Zealand. Last month these European logs were selling for around 100 EUR per m3 plus or minus 5 EUR depending upon quality. At the same time radiata logs were selling for 115-120 USD per m3. Total softwood log stocks across China have been decreasing by about 150k m3 per week for the last six weeks. Many log storage facilities in China are ...
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