Softwood log inventory in China has increased as expected over the Chinese New Year period to 4.5 million m3. The percentage of spruce within the total softwood inventory levels has increased. Log demand in China is strong due to a busy construction season, while supply has been constrained. Since December there has been a 15% increase in CFR sale prices for logs in China with increases in ocean freight costs of up to 40% in this same time. Approximately 1.5m m3 of spruce arrived in January, but the China log ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!