{"id":86830,"date":"2023-09-29T08:19:11","date_gmt":"2023-09-29T08:19:11","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/chinese-log-buyers-are-becoming-more-comfortable-about-the-current-market\/"},"modified":"2025-09-19T09:00:47","modified_gmt":"2025-09-19T09:00:47","slug":"chinese-log-buyers-are-becoming-more-comfortable-about-the-current-market","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/chinese-log-buyers-are-becoming-more-comfortable-about-the-current-market\/","title":{"rendered":"Chinese log buyers are becoming more comfortable about the current market"},"content":{"rendered":"

China radiata log inventory has reduced to around 2.5 m3. Daily port off-take has remained within the range of 60-70k m3\u00a0per day, which is in the normal range for this time of the year in China. <\/span>The CFR price in China is now in the range 110-115 USD per JASm3\u00a0for A grade logs. \u00a0Market expectations are for around 1.4m m3\u00a0of logs arriving from New Zealand in September. This is still slightly less than demand, but the market is not concerned as China approaches its National Day Golden Week of holidays starting 1st\u00a0October.<\/p>\n

Log buyers are becoming more comfortable about the current market but cash and credit are still in short supply. The Chinese government has announced several policies to stimulate property investment and encourage construction activity. Minimum down payment requirements have been reduced to 20% for first home buyers and 30% for second time buyers. Interest rates on new mortgages have been reduced by about 40 percentage points after the central bank set a lower benchmark prime loan rate. While there was an initial increase in the purchase of property, the market still does not have confidence house values will rise making them a good investment. The larger socio-economic issues such as an ageing population and a government still very anti- speculation will continue to constrain the market.<\/p>\n

The China Caixin Manufacturing PMI unexpectedly rose from 49.2 in July to 51.0 in August. Any PMI number above 50 signals manufacturing growth. Factory activity had its strongest expansion since February and employment gained for the first time in six months. Foreign sales remain weak due to the growing risk of a global recession. It\u2019s not surprising really when China\u2019s economic growth has contributed 40% of the world\u2019s growth over the last decade.<\/p>","protected":false},"excerpt":{"rendered":"

China radiata log inventory has reduced to around 2.5 m3. Daily port off-take has remained within the range of 60-70k m3\u00a0per day, which is in the normal range for this time of the year in China. The CFR price in … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":84039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-86830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nChinese log buyers are becoming more comfortable about the current market - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/chinese-log-buyers-are-becoming-more-comfortable-about-the-current-market\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese log buyers are becoming more comfortable about the current market - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"China radiata log inventory has reduced to around 2.5 m3. 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