Category: China

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Log demand in China remains weak at the moment
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Log demand in China remains weak at the moment

China softwood log inventory has remained stable at about 5.0M. Daily port log offtake has dropped to around 60 – 65K a day. The CFR price for A grade logs still ranges between 145 and 150 USD per m3.The June Caixin China Manufacturing PMI increased to 51.7. (An index above 50 signals market growth). This...

New Zealand log export prices to China fall more than 20% in June
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New Zealand log export prices to China fall more than 20% in June

A weaker timber market in China, rising transport costs and exchange rate impacts have contributed to a drop of more than 20% in New Zealand AWG log prices in June 2022. New Zealand (AWG) log prices fell by an average of $23 between May and June. At the same time, costs for timber harvesting contractors...

China: Log and lumber stocks accumulating at ports
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China: Log and lumber stocks accumulating at ports

After the 2022 February Spring Festival both log and lumber stocks have been accumulating at ports but, due to slow demand, the inventory of the major wood market dealers has been running high. The ports are overstocked with logs and the stock of logs at Taicang Port have reached a record high of 1.7 million...