A number of factors have reduced the immediate demand for logs in China. Firstly, the quantity of logs being utilised in China tends to fall away at this time of the year as construction activity slows during the very hot summer months. This typically results in stocks of logs building on the wharves of Chinese ports. This season the quantity of logs being utilised is even lower than normal. In Taicang (just north of Shanghai) there has been a government crackdown on the operation of timber mills. Whilst this has generally occurred ...
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