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April 15, 2020

European softwood lumber exports move from China to Egypt

In the first two months of 2020, Chinese imports of softwood lumber was 7.9% down y-o-y to 3.33 million m3. The import value fell by 20.3% to $535.1 million.  Softwood lumber price in China decreased 13.5% to $161 per cubic meter in January-February 2020, according to China Customs data.  For the first time, the effect of the coronavirus pandemic became noticeable in late January - early February, supplier companies told Timber Industry News. At that time companies from China and South Korea began to postpone their orders.   ...

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