{"id":87657,"date":"2024-06-04T07:21:15","date_gmt":"2024-06-04T07:21:15","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/china-prices-for-log-imports-remain-flat-in-may-hopes-for-revival-of-construction-industry\/"},"modified":"2025-09-19T09:02:08","modified_gmt":"2025-09-19T09:02:08","slug":"china-prices-for-log-imports-remain-flat-in-may-hopes-for-revival-of-construction-industry","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/china-prices-for-log-imports-remain-flat-in-may-hopes-for-revival-of-construction-industry\/","title":{"rendered":"China: Prices for log imports remain flat in May, hopes for revival of construction industry"},"content":{"rendered":"

<\/span>May log import prices in China remained flat with very little market movement. Log inventory has started to reduce in China. Modest price increases are expected for June log sales.<\/p>\n

China log inventory has reduced with softwood levels (which is mainly New Zealand radiata pine) at about 3.2m m3. Daily off-take remains at\u00a070-75k per day.<\/p>\n

The sale price for A grade pine logs in China during May has been around 116 USD. Exporters expect log prices will increase in June.<\/p>\n

The China Caixin Manufacturing PMI increased in April to 51.4 from 51.1 in March. (Any number above 50 signals manufacturing growth). New export orders grew at the fastest rate in three and half years.<\/p>\n

China has announced wide ranging measures to assist its ailing property sector. He Lifeng (vice premier and the Communist Party\u2019s top economic official) wants municipal governments to buy unsold homes and convert them into affordable social housing. To facilitate this, in a coordinated move the People\u2019s Bank of China (PBOC) announced it will establish a nationwide program to provide 300 billion yuan (41.5b USD) in loans to fund this state purchase of unsold homes.<\/p>\n

Central government will also encourage commercial banks to support local state-owned enterprises to buy unsold homes in an effort to raise the potential capital input to 69b USD. While share prices have been increasing any increase in construction will likely be muted.<\/p>\n

It does signal that China still wants to rescue what was once the engine room of its GDP growth. \u00a0While the China government does not want to return to the speculation driven excessive construction they do seem to want sustainable construction activity.<\/p>","protected":false},"excerpt":{"rendered":"

May log import prices in China remained flat with very little market movement. Log inventory has started to reduce in China. Modest price increases are expected for June log sales. China log inventory has reduced with softwood levels (which is … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":50643,"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-87657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nChina: Prices for log imports remain flat in May, hopes for revival of construction industry - 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\/china-prices-for-log-imports-remain-flat-in-may-hopes-for-revival-of-construction-industry\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: Prices for log imports remain flat in May, hopes for revival of construction industry - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"May log import prices in China remained flat with very little market movement. 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