The February At Wharf Gate (AWG) prices for logs at New Zealand ports were predominantly rolled over for March. During March there have been gradual increases in the CFR sale price for radiata pine logs in China as productivity in China ramped up. A grade was selling in the 108-111 USD per JASm3 range prior to the news about the NZ COVID-19 lockdown. The Chinese market reacted immediately to the New Zealand lockdown with wholesalers increasing their selling prices overnight by an average of 150 CNY ...
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