{"id":87091,"date":"2023-12-06T05:49:47","date_gmt":"2023-12-06T05:49:47","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/new-zealand-log-export-prices-rise-in-november\/"},"modified":"2025-09-19T09:01:13","modified_gmt":"2025-09-19T09:01:13","slug":"new-zealand-log-export-prices-rise-in-november","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/new-zealand-log-export-prices-rise-in-november\/","title":{"rendered":"New Zealand log export prices rise in November"},"content":{"rendered":"

The November AWG prices for New Zealand's exported logs increased an average of $12 per JASm3 from October prices. North Island prices increased about $10 while prices in most South Island ports increased more, albeit from a lower base. <\/span>Log demand in China continues to remain steady with log inventory at extremely low levels. The AWG price increases were due to a mixture of a weaker NZD against the USD, slightly lower shipping costs and increases in sale prices in China.<\/p>\n

New Zealand\u2019s domestic demand for sawn timber has had a post-election boost with an increase in construction projects for the coming summer and a good export crop of kiwifruit requiring wooden pallets for export.<\/p>\n

The PF Olsen Log Price Index increased $6 to $118. The index is currently $1 below the two-year average and $4 below the three-year and five-year averages.<\/p>\n

Domestic Log Market<\/strong><\/p>\n

New Zealand's mills report an increase in sawn timber demand as construction gears up for summer. Stocks of sawn timber have been depleted throughout the supply chain as well, so this is being built up again increasing demand. Some truss and frame manufacturers report they are booked-up until March next year. The kiwifruit yield in New Zealand has been much higher than last year so there is strong demand for material to make pallets.<\/p>\n

Sales of sawn timber to Asia are holding up okay with some slight price increases as well.<\/p>\n

Export Log Markets<\/strong><\/p>\n

China<\/strong><\/p>\n

The sale price for A grade pine logs in China is now in the range 125-130 USD per JASm3. China radiata log inventory remains about the same as last month around 1.7-1.8m m3, with total softwood inventory at about 2.3m m3. Daily port off-take has remained within the range of 65-70k m3 per day.<\/p>\n

In mid-November the Chinese government announced a 127 billion USD stimulation package involving low-cost financing for urban village renovation and affordable housing programs. The Peoples Bank of China will facilitate banks injecting funds in phases into the economy. This is expected to trigger construction activity. There is still a fundamental issue in that the Chinese population doesn\u2019t see real estate as a good investment, as they don\u2019t think values will rise. So this may increase supply more than demand, which won\u2019t improve value. At least the Chinese government is taking steps to create activity in this sector which is a good sign.<\/p>\n

The China Caixin Manufacturing PMI dropped from 50.6 in September to 49.5 in October (Any PMI number above 50 signals manufacturing growth). This reading indicates the first contraction in manufacturing activity since July.<\/p>","protected":false},"excerpt":{"rendered":"

The November AWG prices for New Zealand’s exported logs increased an average of $12 per JASm3 from October prices. North Island prices increased about $10 while prices in most South Island ports increased more, albeit from a lower base. Log … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96180,"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-87091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nNew Zealand log export prices rise in November - 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-export-prices-rise-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Zealand log export prices rise in November - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The November AWG prices for New Zealand's exported logs increased an average of $12 per JASm3 from October prices. 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