{"id":86858,"date":"2023-10-05T07:00:41","date_gmt":"2023-10-05T07:00:41","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/new-zealand-log-exports-facing-changing-global-demand-trends\/"},"modified":"2025-09-19T09:00:49","modified_gmt":"2025-09-19T09:00:49","slug":"new-zealand-log-exports-facing-changing-global-demand-trends","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/new-zealand-log-exports-facing-changing-global-demand-trends\/","title":{"rendered":"New Zealand log exports facing changing global demand trends"},"content":{"rendered":"<p>September AWG prices for New Zealand's exported logs remained similar to August AWG prices at North Island ports while the log exporters reduced AWG prices at the South Island ports. Log demand in China remains at steady levels.<span id=\"more-33806\"><\/span><\/p>\n<p>The domestic market shows signs of recovery but the global demand for sawn timber is reducing.<\/p>\n<p>The PF Olsen Log Price Index remains at $114 for September. The index is currently $5 below the two-year average and $8 below the five-year average.<\/p>\n<p><strong>New Zealand domestic log market<\/strong><\/p>\n<p>Log supply is getting tight in some regions as smaller forest owners slow down or stop harvest production.<\/p>\n<p>The New Zealand market expects reasonable demand for sawn timber over summer with construction and DIY projects.<\/p>\n<p>Demand in Europe for clear sawn timber boards from New Zealand pine has declined for the first time in a while and sale orders have been drastically reduced. This market has been a stellar performer for New Zealand mills over recent years, so this a concern. Hopefully this is only a temporary imbalance between supply and demand.<\/p>\n<p>Sawn timber prices continue to fall around the world due to reduced demand. Just like in New Zealand the global demand for sawn timber is very sensitive to interest rates. And especially the perception of increased rates for the foreseeable future. Sawmills in New Zealand are having to adjust to a reduction in the \u2018average basket price\u2019 they receive from the products of processing a log.<\/p>\n<p><strong>New Zealand log export market<\/strong><\/p>\n<p>China radiata log inventory has reduced to around 2.5 m3. Daily port off-take has remained within the range of 60-70k m3 per day, which is in the normal range for this time of the year in China. The CFR price in China is now in the range 110-115 USD per JASm3 for A grade logs. Market expectations are for around 1.4m m3 of 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 October.<\/p>\n<p>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>","protected":false},"excerpt":{"rendered":"<p>September AWG prices for New Zealand&#8217;s exported logs remained similar to August AWG prices at North Island ports while the log exporters reduced AWG prices at the South Island ports. Log demand in China remains at steady levels. The domestic &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/new-zealand-log-exports-facing-changing-global-demand-trends\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":85566,"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-86858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Zealand log exports facing changing global demand trends - 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\/new-zealand-log-exports-facing-changing-global-demand-trends\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Zealand log exports facing changing global demand trends - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"September AWG prices for New Zealand&#039;s exported logs remained similar to August AWG prices at North Island ports while the log exporters reduced AWG prices at the South Island ports. Log demand in China remains at steady levels. 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