Prices of logs in China on the rise as supply from New Zealand and Europe is reduced
In the first week of March the CFR sale price for A grade radiata pine in China was in the low 100-104 USD per JASm3. Daily port off-take was still in the 35-50,000 m3 range. In the following week sales were confirmed at the 105-109 USD mark. This defied economic sense as stock was still building to over 8 million m3, with significant volume also on vessels. It appears the Chinese log buyers had noticed the reduced supply from both NZ and spruce from Europe. Indication of daily port ...
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