Demand for softwood logs in China remained favorable during the third quarter (Q3) of the year, despite seasonally lower consumption, COVID impacts to construction activity, and other supply chain disruptions. Imports of lumber and logs into China continue to be constrained by global shipping container availability. As a result, sales prices reached historic highs at the beginning of Q3, but these high log prices were offset by higher freight rates. These developments are not necessarily a indication of long-term trends but, rather, could indicate a market correction. Decreasing demand, increasing inventory   ...
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