{"id":88611,"date":"2025-03-04T07:35:23","date_gmt":"2025-03-04T07:35:23","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/mixed-signals-in-chinas-log-import-market\/"},"modified":"2025-09-18T17:30:00","modified_gmt":"2025-09-18T17:30:00","slug":"mixed-signals-in-chinas-log-import-market","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/mixed-signals-in-chinas-log-import-market\/","title":{"rendered":"Mixed signals in China\u2019s log import market"},"content":{"rendered":"

<\/span>China softwood log inventory has grown to just over 4m m3\u00a0with log demand at the end of February still not fully recovered after the Chinese New Year holiday period. Log stocks are still rising slightly as log demand is about 40k m3\u00a0per day.\u00a0The CFR price for A grade logs through February was in the range 118-120 USD per JASm3\u00a0for A grade.<\/p>\n

Some log exporters are trying to increase to 121\/122 USD, to cover rising freight costs, but the market is not very accepting of any increase.\u00a0Log supply from New Zealand often increases at the\u00a0back end of the\u00a0summer months, when ground conditions suit harvesting.\u00a0 So, we really need to see an uplift in demand in China, or log inventory levels will increase.<\/p>\n

The futures market for logs that had been increasing in price, fell from 900 RMB\/m3\u00a0to 850 RMB\/m3\u00a0in the last week towards the end of February. While the first \u2018sell\u2019 is still a few months away, this is starting to influence the market.<\/p>\n

The China Caixin Manufacturing PMI in January is 51.8, marking slight growth from December and signalling steady manufacturing activity.<\/p>\n

Geopolitical developments, particularly trade relations between China and the USA, continue to cast uncertainty over the market. Trump has just announced a doubling of tariffs on Chinese made goods from 10% to 20%. His earlier comments that the USA was going to earn money from all these tariffs, seems to show he doesn\u2019t understand that the company importing the goods pays the tariff, not the Chinese manufacturer. Increased costs will also mean some construction projects being delayed or cancelled. The tariffs on sawn timber will likely lead to a reordering of the global trade flows, as suppliers redirect their exports to other markets.<\/p>\n

Source: PfOlsen<\/p>","protected":false},"excerpt":{"rendered":"

China softwood log inventory has grown to just over 4m m3\u00a0with log demand at the end of February still not fully recovered after the Chinese New Year holiday period. 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