China softwood log inventory is stable at about 3.5m m3 and port off-take is stubbornly sitting at about 60k per day. Covid restrictions continue to significantly constrain economic activity in China. The current sale prices for A grade logs range between 120-123 USD per JASm3. Expectations are relatively stable pricing through to the CNY then an increase in CFR prices as log buyers prepare for March and April, which are traditionally the busiest construction months in China. The China stock market prices had increased through ...
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