China softwood log inventory remains below the 4m m3 despite China having the Golden Week holiday at the start of October. There is also a lot less spruce in China as arrivals from Europe has dropped dramatically. This inventory is now less than 500k m3. Daily port log volume off-take has not fully rebounded since the Golden Week and is only about 60k per day. (It was 70k per day before the holiday period). There is still a wide range of CFR sale prices in China depending upon vessel timing and sales strategies. The current ...
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