{"id":87356,"date":"2024-03-05T08:37:43","date_gmt":"2024-03-05T08:37:43","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/chinas-log-market-reopening-after-lunar-new-year-slower-than-usual\/"},"modified":"2025-09-18T17:27:42","modified_gmt":"2025-09-18T17:27:42","slug":"chinas-log-market-reopening-after-lunar-new-year-slower-than-usual","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/chinas-log-market-reopening-after-lunar-new-year-slower-than-usual\/","title":{"rendered":"China\u2019s log market reopening after Lunar New Year slower than usual"},"content":{"rendered":"

<\/span>Log demand in China increased very slowly after the Chinese New Year. CFR log prices have held steady, while log inventory increased during the holiday period. Shipping costs have increased through February and the CFR log prices in China won\u2019t be able to increase to compensate.<\/p>\n

China softwood log inventory increased to 3m m3 over the Lunar New Year Holiday period. Activity has started back very slowly since the holiday period and log use is still below 10k m3 per day heading to the end of February. Even when daily off-take gets back to 50k this still means there is two months of inventory in China.<\/p>\n

The sale price for A grade pine logs in China remained stable in February with a slight increase to be in the 128-132 USD range.<\/p>\n

The China Caixin Manufacturing PMI remained at 50.8 in January. (Any number above 50 signals manufacturing growth). This is the first time since May 2021 the index has remained in the expansion zone for three straight months. The market is waiting to see how log demand will recover after the holiday period but early indications are that the construction activity will remain very slow.<\/p>","protected":false},"excerpt":{"rendered":"

Log demand in China increased very slowly after the Chinese New Year. CFR log prices have held steady, while log inventory increased during the holiday period. Shipping costs have increased through February and the CFR log prices in China won\u2019t … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":49943,"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-87356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nChina\u2019s log market reopening after Lunar New Year slower than usual - 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\/chinas-log-market-reopening-after-lunar-new-year-slower-than-usual\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s log market reopening after Lunar New Year slower than usual - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Log demand in China increased very slowly after the Chinese New Year. 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