When will the Chinese timber market recover?

When will the Chinese timber market recover?
In the previous years, the timber prices in China were always on the rise at the beginning of the year. However, in 2023 the prices of timber have slightly declined since the start of the year. The price of timber in Jiangsu and Shandong fell by 20 yuan/ Cubic; white pine/spruce and hemlock in Hebei and Tianjin fell by 50 yuan/cubic, and radiata pine fell by 20 yuan/cubic. The resumption rate of construction projects in China is only 86.1%, and the labor service rate is 83.9%. It can be seen that timber demand is ...

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