Softwood log inventory in China has risen to about 5.5m m3 and daily port off-take has dropped to around 60k m3 per day.  While this drop in offtake was expected due to the hot sticky weather in China, the offtake over the last three years has dropped to only about 75k per day in July. (Last year was an anomaly due to the severe floods in China). In each of these years demand and log prices increased through quarter 4.  The price for A grade logs was in the mid 190’s range for ...