The At Wharf Gate (AWG) prices for New Zwealand exported logs remained unchanged in December, although there were reported some price increases in a couple of ports where exporters managed to secure favourable spot deals for shipping.  The CFR sale price in China has bottomed at US$130-135 per JASm3 for A grade. Shipping congestion has cleared in China and the backlog of log vessels have been discharged without log inventory increasing. Reduced supply in December and January should lead to reduced inventory levels heading into the Chinese Lunar New Year at the start of February. However ...