China log inventories rise as New Zealand supply increases, prices face pressure
China softwood log inventory has started to rise as the usual peak March harvest production in New Zealand starts to arrive in China, and daily port off-take of logs remains consistent at about 60-65k m3 per day. The CFR price for logs is dropping as the market is uncertain about the effects of the tariff war between China and the USA and how it will affect world trade. The CFR price for A grade logs is currently about 110 USD per JASm3, and exporters continue to face pricing pressure. Log supply from New Zealand is expected to ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
Thousands of quality articles- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
