{"id":88406,"date":"2025-01-07T08:45:02","date_gmt":"2025-01-07T08:45:02","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/log-demand-remains-subdued-in-china-wait-and-see-mode-until-cny\/"},"modified":"2025-09-19T09:03:22","modified_gmt":"2025-09-19T09:03:22","slug":"log-demand-remains-subdued-in-china-wait-and-see-mode-until-cny","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/log-demand-remains-subdued-in-china-wait-and-see-mode-until-cny\/","title":{"rendered":"Log demand remains subdued in China; wait-and-see mode until CNY"},"content":{"rendered":"<p><span id=\"more-37040\"><\/span>Everybody involved in log markets around the world will be waiting to see what happens to the balance between supply and demand early next year. The local market is eager to see what demand is like after the Christmas and New Years holiday period. Both local and China market participants will wait to see if log supply from New Zealand is reduced to match reduced demand in China during the Chinese New Year holiday period in late January.<\/p>\n<p>China softwood log inventory remains at 2.4m m<sup>3<\/sup>\u00a0with log demand also steady around 55k m<sup>3\u00a0<\/sup>per day. The CFR price range for A grade is currently in the range 118-124 per JASm<sup>3\u00a0<\/sup>for A grade.<\/p>\n<p>The China Caixin Manufacturing PMI increased in November to 51.5 from 50.3 in October. (Any number above 50 signals manufacturing growth). It had the fastest manufacturing expansion since June, driven by strong growth in foreign orders. Employment levels fell again for the third time in a row. Confidence levels were at an eight-month high. Despite all this, log demand remains subdued in China. Mills will start to reduce inventory levels as they prepare for Chinese New Year. Many people in China are waiting to see what will happen with the relationship between China and the incoming USA government.<\/p>\n<p>There has been a lot of comments about tariffs announced by the incoming USA government. What has been relatively unnoticed is the introduction or change in Russian tariffs on furniture parts manufactured in China. As an example, the tariff on sliding rail components in furniture has increased from 0 to 55.65% over the past few weeks. Interestingly, it is now more cost effective for Russians to import fully finished furniture from China (which incurs a 9-12% tariff) rather than manufacture the furniture in Russia, using parts from China. This tariff seems to be imposed by tariff hungry city officials, who are prioritising short-term tariff revenue over long term relationships and economics.<\/p>\n<p>New Zealand pine logs are widely used in China for plywood manufacturing and China produces more than 70% of the world\u2019s plywood. Nearly half of the USA\u2019s total plywood imports last year came from China. Any tariffs imposed could have a significant effect on this supply chain. In recent months, FSC certified bamboo used in China, has come under increased scrutiny with some brands making false and misleading statements about sustainability.<\/p>","protected":false},"excerpt":{"rendered":"<p>Everybody involved in log markets around the world will be waiting to see what happens to the balance between supply and demand early next year. The local market is eager to see what demand is like after the Christmas and &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/log-demand-remains-subdued-in-china-wait-and-see-mode-until-cny\/\">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-88406","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>Log demand remains subdued in China; wait-and-see mode until CNY - 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\/log-demand-remains-subdued-in-china-wait-and-see-mode-until-cny\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Log demand remains subdued in China; wait-and-see mode until CNY - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Everybody involved in log markets around the world will be waiting to see what happens to the balance between supply and demand early next year. 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