{"id":88357,"date":"2024-12-04T08:31:19","date_gmt":"2024-12-04T08:31:19","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/china-log-market-faces-supply-demand-balancing-act-ahead-of-chinese-new-year\/"},"modified":"2025-09-19T09:03:15","modified_gmt":"2025-09-19T09:03:15","slug":"china-log-market-faces-supply-demand-balancing-act-ahead-of-chinese-new-year","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/china-log-market-faces-supply-demand-balancing-act-ahead-of-chinese-new-year\/","title":{"rendered":"China: Log market faces supply-demand balancing act ahead of Chinese New Year"},"content":{"rendered":"<p><span id=\"more-36903\"><\/span>China softwood log inventory dropped slightly to 2.4m m3\u00a0due to lower supply as log demand has remained steady at 55-60k m3\u00a0per day. The CFR price range for A grade is currently 125 USD per JASm3\u00a0for A grade.<\/p>\n<p>According to some Chinese sawmill\u00a0owners about half of China\u2019s mills will take a longer than usual break over the Chinese New Year Holiday period that starts 28th\u00a0January 2025. This is due to a lack of demand for their product, and they don\u2019t want to be left holding high inventory levels. If New Zealand forest owners take a longer break from harvest production over our Christmas\/New Year period, then this drop in supply will match the drop in demand. If New Zealand forest owners overproduce logs at the start of the year, then this will most likely lead to significant increases in inventory levels in China during February.<\/p>\n<p>The China Caixin Manufacturing PMI increased in October to 52.0 from 50.3 in September. (Any number above 50 signals manufacturing growth). This surpassed all market expectations.\u00a0 There was a solid rise in export orders and an increase in new business for the first time in four months. Market sentiment has been buoyed by the Government\u2019s latest stimulation package, although\u00a0previous stimulus packages have not created any real\u00a0lift in log demand.<\/p>\n<p>Chinese log futures and log options can now be traded on the Dalian Commodity Exchange (DCE). Trade started November 13th\u00a0for log futures and November 19th\u00a0for log options. The DCE announced this market was created to address price volatility, enhance transparency in log pricing and offer effective tools for risk management. This is for softwood logs. On the first trading day 99,000 lots were traded with a turnover of 6.84b RMB (1.6b NZD). The benchmark price was officially set at 810 RMB per m3. This equates to 111.7 USD, which is well below the current price of 125 USD for A 3.9m. The first future supply contract commitment is July 2025. This future was trading at 770 RMB on 27th\u00a0November. There are mixed opinions on how much influence this will have on the log market price setting.<\/p>","protected":false},"excerpt":{"rendered":"<p>China softwood log inventory dropped slightly to 2.4m m3\u00a0due to lower supply as log demand has remained steady at 55-60k m3\u00a0per day. The CFR price range for A grade is currently 125 USD per JASm3\u00a0for A grade. According to some &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/china-log-market-faces-supply-demand-balancing-act-ahead-of-chinese-new-year\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/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-88357","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 market faces supply-demand balancing act ahead of Chinese New Year - 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-market-faces-supply-demand-balancing-act-ahead-of-chinese-new-year\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: Log market faces supply-demand balancing act ahead of Chinese New Year - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"China softwood log inventory dropped slightly to 2.4m m3\u00a0due to lower supply as log demand has remained steady at 55-60k m3\u00a0per day. The CFR price range for A grade is currently 125 USD per JASm3\u00a0for A grade. 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