{"id":86966,"date":"2023-11-03T07:05:49","date_gmt":"2023-11-03T07:05:49","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/consistent-log-demand-in-china-counterbalanced-by-unusually-low-inventory-levels\/"},"modified":"2025-09-19T09:01:02","modified_gmt":"2025-09-19T09:01:02","slug":"consistent-log-demand-in-china-counterbalanced-by-unusually-low-inventory-levels","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/consistent-log-demand-in-china-counterbalanced-by-unusually-low-inventory-levels\/","title":{"rendered":"Consistent log demand in China counterbalanced by unusually low inventory levels"},"content":{"rendered":"

Log demand in China remains steady and log inventory is at extremely low levels. However, the log buyers are not overly concerned about the very low inventory as demand is not increasing as it usually does at this time of the year in China.<\/span><\/p>\n

October At Wharf Gate (AWG) prices for export logs reduced an average of 4-5\u00a0NZD per JASm3<\/sup>\u00a0from September prices.<\/p>\n

The PF Olsen Log Price Index dropped $2 to $112. The index is currently $7 and $10 below the two-year and five-year averages respectively.<\/p>\n

China radiata pine log inventory continues to reduce and is now around 1.7m m3, with total softwood inventory at about 2.7m m3. Daily port off-take has remained within the range of 65-70k m3\u00a0per day, which is in the normal range for this time of the year in China. However, the market does not anticipate significant increases in demand when China moves into its usual busier months for construction. Inventory levels falling even with the Golden Week of holidays in the first week of October shows that total log supply has reduced. Australian logs have been offered to the China market again after China lifted a two and a half year trade-ban in June, but these initial logs have been cut to Indian log lengths.<\/p>\n

Inventory levels significantly below 4m m3\u00a0used to trigger sharp increases in log prices, but this isn\u2019t the case with a subdued market. The October CFR price for A grade logs remains in the range of 110-117 USD per JASm3. Market forecasts for November sales are in the 115-120 USD per JASm3\u00a0range.<\/p>\n

The China Caixin Manufacturing PMI dropped from 51.0 in August to 50.6 in September. Any PMI number above 50 signals manufacturing growth. Output expanded the most in the last four months and this is the second straight month of growth amid efforts from the Chinese Government to revive the Chinese economy. However, sentiment dropped to a 12-month low which is vey significant for the Chinese log market as this market has often previously been sentiment driven. These stimulation efforts appear to be more successful in other areas of the economy rather than the real estate market which has significant headwinds. Unlike previous stimulation packages the Chinese Government has not intervened directly in the construction sector.<\/p>","protected":false},"excerpt":{"rendered":"

Log demand in China remains steady and log inventory is at extremely low levels. However, the log buyers are not overly concerned about the very low inventory as demand is not increasing as it usually does at this time of … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":50661,"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-86966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nConsistent log demand in China counterbalanced by unusually low inventory levels - 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\/consistent-log-demand-in-china-counterbalanced-by-unusually-low-inventory-levels\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consistent log demand in China counterbalanced by unusually low inventory levels - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Log demand in China remains steady and log inventory is at extremely low levels. 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