Prices for imported softwood logs in China start to pick up as inventories fall

Prices for imported softwood logs in China start to pick up as inventories fall
Domestic log prices in China have continued to firm in the last 4 weeks with the Chinese Government implementing a range of measures to off-set a potential construction sector collapse. This has restored confidence. The correlation between China domestic sales prices and the cost or New Zealand Radiata pine logs is a key market driver.    At the same time, the containerized Southern Yellow Pine trade out of the US has dried, taking 500,000 – 600,000 cubic meters per month out of supply lines. This is due to a combination of US domestic new housing ...

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