{"id":83372,"date":"2022-12-12T05:23:47","date_gmt":"2022-12-12T05:23:47","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/new-zealands-log-export-prices-continue-fall-due-low-demand-china\/"},"modified":"2025-09-18T17:25:11","modified_gmt":"2025-09-18T17:25:11","slug":"new-zealands-log-export-prices-continue-fall-due-low-demand-china","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/new-zealands-log-export-prices-continue-fall-due-low-demand-china\/","title":{"rendered":"New Zealand\u2019s log export prices continue to fall due to low demand in China"},"content":{"rendered":"
\n

Prices for export logs reduced an average of 6 NZD per JASm3 across ports in New Zealand in November. This was caused by a reduction in CFR log prices in China combined with the NZD strengthening against the USD. Log inventory in China remains stable. There is still a lot of uncertainty in China, especially with how the government will continue to manage Covid-19.<\/p>\n

Domestic demand for sawn timber has reduced, but this is now at a more manageable level for mills. Most NZ mills still expect a slow-down in demand in the medium term due to inflation and cost increases reducing discretional spending. The usual summer increase in building activity and DIY will likely mean any downturn won\u2019t happen in Quarter 1.<\/p>\n

New Zealand's sawn timber exports remain difficult. China is relatively quiet and has price pressure. Their South East Asian customers struggle with the American buyers of their mainly furniture products demanding extended payment terms as well as coping with tariffs imposed by the US government. They expect better demand in Quarter 2 of next year.<\/p>\n

Many NZ sawmills are closing for year-end in mid-December. This is a bit earlier than in the last couple of years as mills struggled to keep up with demand.<\/p>\n<\/div>\n

<\/h2>","protected":false},"excerpt":{"rendered":"

Prices for export logs reduced an average of 6 NZD per JASm3 across ports in New Zealand in November. This was caused by a reduction in CFR log prices in China combined with the NZD strengthening against the USD. 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