{"id":88042,"date":"2024-09-05T08:38:00","date_gmt":"2024-09-05T08:38:00","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/china-log-demand-increases-property-market-remains-subdued\/"},"modified":"2025-09-19T09:02:43","modified_gmt":"2025-09-19T09:02:43","slug":"china-log-demand-increases-property-market-remains-subdued","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/china-log-demand-increases-property-market-remains-subdued\/","title":{"rendered":"China: Log demand increases, property market remains subdued"},"content":{"rendered":"<p>China radiata pine log inventory is about 2.85m m<sup>3<\/sup>\u00a0with\u00a0total softwood about 3.5m m<sup>3<\/sup>. Log demand has been just over 50k per day but has increased in the\u00a0last week to 60k m<sup>3\u00a0<\/sup>per day.\u00a0 <span id=\"more-36191\"><\/span>The CFR price range for A grade is currently 115-120 USD per JASm<sup>3\u00a0<\/sup>for A grade. This is 3-4 USD below July pricing. The CNY has strengthened against the USD so log exporters to China expect this will help to maintain pricing levels.<\/p>\n<p>The China Caixin Manufacturing PMI slipped in July to 49.8 from 51.8 in June. (Any number above 50 signals manufacturing growth). This was the first dop in factory activity since October last year.\u00a0 Output grew at the slowest pace in nine months due to a slow-down in export orders.<\/p>\n<p><span lang=\"EN-AU\">The China property market remains very subdued. The government\u2019s various attempts to stabilise the property market have not worked as hoped. Indeed, in June the total 70-city average property price indicator declined 7.9% on a year-on year basis. This was\u00a0the biggest annual drop on record.\u00a0\u00a0<\/span><\/p>\n<p><span lang=\"EN-AU\">The government tried to introduce price controls to avoid falling house prices, but a growing number of mortgage holders have failed to fulfill their mortgage obligations. Therefore, banks have been forced to auction these properties at basement prices. This has undermined the government price control. Ironically the banks are state owned.<\/span><\/p>\n<p><span lang=\"EN-AU\">Beijing\u2019s latest attempts to stabilize the property market is allowing local governments to issue special bonds to purchase unsold properties (and often convert to affordable housing) as well as mandating the sale of completed homes rather than the longstanding practice of pre-selling unfinished homes. This will be welcomed by buyers but may place further cash flow strain on developers.<\/span><\/p>\n<p>The high level of public debt is constraining any further ability to balance the property market. According to the International Monetary Fund (IMF), China\u2019s augmented public debt stock last year was 116% of GDP.<\/p>\n<p><span lang=\"EN-AU\">Some analysts suggest Beijing is also keen to reduce its reliance on the property market to free up capital and resources for other kinds of economic activity that is more strategically important. This is in the fields of semi-conductors and technology, AI, biopharma, green energy and agricultural efficiency. \u00a0Diversification is a sound economic policy, but this may also be driven by Beijing wanting to cushion the shocks from any coordinated set of sanctions from the West in an increasingly divided world.\u00a0 \u00a0<\/span><\/p>\n<p>Source: Pf Olsen<\/p>","protected":false},"excerpt":{"rendered":"<p>China radiata pine log inventory is about 2.85m m3\u00a0with\u00a0total softwood about 3.5m m3. Log demand has been just over 50k per day but has increased in the\u00a0last week to 60k m3\u00a0per day.\u00a0 The CFR price range for A grade is &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/china-log-demand-increases-property-market-remains-subdued\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":50445,"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-88042","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>China: Log demand increases, property market remains subdued - 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-log-demand-increases-property-market-remains-subdued\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: Log demand increases, property market remains subdued - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"China radiata pine log inventory is about 2.85m m3\u00a0with\u00a0total softwood about 3.5m m3. Log demand has been just over 50k per day but has increased in the\u00a0last week to 60k m3\u00a0per day.\u00a0 The CFR price range for A grade is &hellip; Continue reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/china-log-demand-increases-property-market-remains-subdued\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-05T08:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T09:02:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs-China-12.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"709\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/china-log-demand-increases-property-market-remains-subdued\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/china-log-demand-increases-property-market-remains-subdued\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"China: Log demand increases, property market remains subdued\",\"datePublished\":\"2024-09-05T08:38:00+00:00\",\"dateModified\":\"2025-09-19T09:02:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/china-log-demand-increases-property-market-remains-subdued\/\"},\"wordCount\":408,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/china-log-demand-increases-property-market-remains-subdued\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/logs-China-12.jpeg\",\"articleSection\":[\"Latest Trends\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/china-log-demand-increases-property-market-remains-subdued\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/china-log-demand-increases-property-market-remains-subdued\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/china-log-demand-increases-property-market-remains-subdued\/\",\"name\":\"China: Log demand increases, property market remains subdued - 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