Softwood log inventory in China has dropped by approximately 14% over the last month to 3.0-3.2m m3. Inventory levels have dropped about 30% over the last two months., which is a good sign heading towards the Chinese New Year in February 2021. Daily log use in China is now back to the 100k to 105k m3 range after peaking at over 120k m3 at the end of October. China’s ban on export logs and sawn timber has widened to include all of Australia. There is no sign of ...
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