Current state of China’s log import market

Current state of China’s log import market
While it appears that the upward pressure on shipping prices has abated, the China log demand has come off  from around 80.000 m3/day down to 50.000 m3/day. This reduction in demand can be attributed to a number of reasons but principally slowing construction sector and Covid related shutdowns in sawmills and construction sites.    March in-market Chinese log inventory is in the 4.5 million m3 which is a reduction from February, but this is likely to increase as NZ supply has strengthened following the March price increases – it takes around 5 ...

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