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In the previous years, the timber prices in China were always on the rise at the beginning of the year. However, in 2023 the prices of timber have slightly declined since the start of the year. The price of timber in Jiangsu and Shandong fell by 20 yuan\/ Cubic; white pine\/spruce and hemlock in Hebei and Tianjin fell by 50 yuan\/cubic, and radiata pine fell by 20 yuan\/cubic.<\/p>\n
The resumption rate of construction projects in China is only 86.1%, and the labor service rate is 83.9%. It can be seen that timber demand is still slowly recovering. From a regional perspective, the temperature in the northern region has just picked up, but the operating rate is still not high. East China and South China are relatively optimistic, but there is no rising demand. Therefore, the demand for building materials is also increasing but not big. The rise and fall of prices is always related to demand, and the lack of effective support in the market makes timber prices fall.<\/p>\n
Overall, the current market situation in China is that the terminal demand is weak, and wood processing enterprises have basically started operations. In the past two years, the cost of wood production has generally risen. The cost increase is mainly due to the increase in raw materials, transportation, and labor costs. Chinese processing plants try to squeeze profits as much as possible. Now that the price of timber continues to fall, many Chinese merchants said that compared with the price drop, the scarier thing is that there is no order.<\/p>\n
At present, the main difficulty is the low demand, and the full resumption of work on the construction sites is not as expected. But in the more recent period, with the large-scale start of downstream terminal projects, the \"construction season\" is coming, demand is expected to usher in restorative growth, and the continuity and intensity of timber demand is expected to be further improved, which will provide support for the correction of timber prices.<\/p>","protected":false},"excerpt":{"rendered":"
In the previous years, the timber prices in China were always on the rise at the beginning of the year. However, in 2023 the prices of timber have slightly declined since the start of the year. The price of timber … Continue reading