{"id":78880,"date":"2020-03-13T06:28:13","date_gmt":"2020-03-13T06:28:13","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/coronavirus-chinese-ports-full-supply-of-logs-jammed-prices-rising\/"},"modified":"2025-09-19T08:52:50","modified_gmt":"2025-09-19T08:52:50","slug":"coronavirus-chinese-ports-full-supply-of-logs-jammed-prices-rising","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/coronavirus-chinese-ports-full-supply-of-logs-jammed-prices-rising\/","title":{"rendered":"Coronavirus: Chinese ports full; supply of logs jammed, prices rising"},"content":{"rendered":"<div class=\"article-content\">\n<ul>\n<li><em>The supply of both New Zealand radiata pine as well as European spruce is reducing in China\u00a0due to a lack of containers and some shipping lines have stopped shipping to China due to the Covid-19 disruptions to the supply chain;<\/em><\/li>\n<li><em>Logs are currently locked in ports due to the lack of machinery and people, and logs are even stacked in carparks;<\/em><\/li>\n<li><em>The asking price for logs has increased sharply as log traders look to cover their increasing transportation costs.<\/em><\/li>\n<\/ul>\n<p>The log inventory of 6.9M m<sup>3<\/sup>\u00a0in China consisted of approximately 54% radiata and 34% European spruce. The European spruce is more utilised in Northern China, where spruce is 34% of the log inventory. Spruce is only 11% of the log inventory in Central China (Shanghai Delta) and 5% of the inventory in South China.<\/p>\n<p>The photo below is provided by China Forestry Group shows logs at Xinminzhou Port.\u00a0 Note the lack of machinery and people, and logs even stacked in carparks.<\/p>\n<p><a href=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs-2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-22558 aligncenter\" src=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs-2-300x168.png\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs-2-300x168.png 300w, https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs-2.png 602w\" alt=\"\" width=\"300\" height=\"168\" \/><\/a><\/p>\n<p>Log supply from New Zealand has started to reduce as smaller forest owners suspend or stop harvesting and larger forest owners reduce production volumes. The supply of spruce into China from Europe is also reducing due to a lack of containers and some shipping lines have stopped shipping to China due to the Covid-19 disruptions to the supply chain.<\/p>\n<p>The asking price for spruce has recently increased by on average about \u20ac15\u00a0per m<sup>3<\/sup>\u00a0as log traders look to cover their increasing transportation costs. This means the spruce logs aren\u2019t any cheaper than the radiata logs now, and spruce sellers are struggling to secure sales. The chart below shows the increase in log supply from Europe over 2019.<\/p>\n<p><a href=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs2-58.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-22559 aligncenter\" src=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs2-58-300x219.jpg\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs2-58-300x219.jpg 300w, https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs2-58.jpg 602w\" alt=\"\" width=\"300\" height=\"219\" \/><\/a><\/p>\n<p>The CFR sale price for A grade radiata pine is in the range 100-105 USD per m<sup>3\u00a0<\/sup>and sellers of spruce logs require a sale price over 100 EUD per m<sup>3<\/sup>\u00a0to cover their costs. Interestingly the Chinese government has just indicated that Chinese log buyers may be able to buy logs duty free from the United States of America for one year from March.\u00a0 The tariff rates on most of the logs and sawn timber imported from the US have been reduced to 5% from 10%. The tariffs on North American sawn hardwoods have been cut to 2.5% from 5%<\/p>\n<p>In the last week port offtake in China has been about 5,000 m<sup>3<\/sup>\u00a0per day while log supply has been around 40,000 m<sup>3<\/sup>\u00a0per day. \u00a0The supply would be higher, but logs vessels are waiting to berth as vessel unloading is very slow due to a shortage of labour.<\/p>\n<p>The Chinese government is actively encouraging people to return to work in many regions. Exporters speculate China productivity will not be at full capacity until mid-late March. Once activity in China does gear-up, log pricing will stabilise and then increase as the log inventory starts to reduce, but this may take several months. It seems likely the Chinese government will introduce some stimulus spending to revive the Chinese economy and the demand for logs usually increases significantly when this happens.<\/p>\n<p>Everybody within the forest industry in New Zealand is ringing each other to try and find out more information, but the plain reality is we must wait and see how China recovers from the effects of Covid-19. The underlying demand for logs will still be there. It is just suspended whilst China deals with Covid-19.<\/p>\n<\/div>\n<h2 class=\"section-title\"><\/h2>","protected":false},"excerpt":{"rendered":"<p>The supply of both New Zealand radiata pine as well as European spruce is reducing in China\u00a0due to a lack of containers and some shipping lines have stopped shipping to China due to the Covid-19 disruptions to the supply chain; &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/coronavirus-chinese-ports-full-supply-of-logs-jammed-prices-rising\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715,4714],"tags":[3254,4292,3284],"class_list":["post-78880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-china","tag-coronavirus","tag-logs","topic-forestry","topic-industry-prices","topic-sawmilling","topic-wood-based-panels","area-africa","area-asia-middle-east","area-australia-and-pacific-region","area-china","area-europe","area-north-america","area-russia","area-south-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coronavirus: Chinese ports full; 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