China radiata log inventory has reduced to around 2.5 m3. Daily port off-take has remained within the range of 60-70k m3 per day, which is in the normal range for this time of the year in China. The CFR price in China is now in the range 110-115 USD per JASm3 for A grade logs. Market expectations are for around 1.4m m3 of logs arriving from New Zealand in September. This is still slightly less than demand, but the market is not concerned as China approaches its National Day Golden Week of holidays starting 1st ...
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